Author Archives: Jay Butchko
Your Will Should Not Contain A “Divide Fairly” Request
Estate planning is never simple. And, even though you may want to, taking shortcuts is rarely advised. And, out of all these shortcuts, one of the most notable is as follows: giving your assets to a family member to divide fairly. Going over why your will should not contain a “divide fairly” request, and… Read More »
Your Beneficiaries Can Lose Their Intended Assets Through Probate
Probate is used to ensure that the wishes named within your will are granted. By having your assets go through probate, your assets can go to your chosen beneficiaries. Even though the above is true, probate can lead to your beneficiaries losing some of their intended assets. By going over why this is the… Read More »
The 3 Major Benefits Of A Proper Will
A proper will can help protect your assets, ensuring that they go to your chosen beneficiaries. This is part of why developing a will is of the utmost importance. Going over the three major benefits of a proper will, and speaking with a Florida estate planning lawyer will help you develop an estate plan… Read More »
You Lose Control Over Your Assets With An Irrevocable Trust
You can use an irrevocable trust to protect your assets from probate, as well as any creditors who may want a piece of your estate. Even though an irrevocable trust offers many benefits, there is one thing you must keep in mind: the assets you put into an irrevocable trust are no longer yours… Read More »
You Can Use A Power Of Attorney To Protect Your Business
A power of attorney gives someone else the ability to make decisions on your behalf. You can use a power of attorney to protect your health and finances, as well as your business. Going over how you can use a power of attorney to protect your business, and speaking with a lawyer, will help… Read More »
The Importance Of Back-Up Beneficiaries
The primary beneficiaries named in your will – and your trust – could pass away before they are able to receive what you are able to give them. This is unpleasant to think about, but there is a chance it could happen. Going over the importance of back-up beneficiaries, and speaking with an estate… Read More »
Protecting Your Estate From Medical Bills
Your estate is responsible for paying any medical bills you happen to owe after your passing. This means that, if you owe a great deal of money to a particular hospital, they will try to take that money from your estate. Even though the above is true, you can protect your estate from medical… Read More »
Avoiding Probate Delays: Designating Beneficiaries & Joint Ownership
Probate is expensive, confusing, and long. Your beneficiaries may not receive the assets you wish to give them for up to a year, or, even longer, depending on the circumstances. Going over some of the tools you can use to avoid probate delays, and speaking with a Florida estate planning lawyer at the Millhorn… Read More »
Delaying Your Medicaid Planning Might Be A Big Mistake
You can use Medicaid to take care of the medical expenses incurred by old age. Doing so is often wise, as medical expenses can – and, sadly, often do – lead to bankruptcy. To obtain the Medicaid benefits you need, you must start Medicaid planning as early as possible. This will make it much… Read More »
A Revocable Living Trust Can Protect Your Beneficiaries Inheritance
Your beneficiaries inheritance will, in most cases, encompass a wealth of different assets. These assets will go to your beneficiaries but, depending on how you set up your estate, they may need to go through probate. Probate is long and, at times, very expensive. Your beneficiaries may not receive their inheritance for nine months… Read More »
