Author Archives: Jay Butchko
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 »
The 3 Things You Should Include In Your Will
Out of all the estate planning documents you should develop, a will may be the most important. To ensure that your will satisfies every single one of your estate planning goals, there are things you must include in it. Going over the three things you should include in your will, and speaking with a… Read More »
Certain Assets Will Not Go Through Probate
The probate process is used to ensure that your assets are validated, any remaining debts are paid, and then, that your assets are distributed to the individuals named in your will. Even though probate is meant to encompass all of your assets, there are certain assets that will not go through probate. Going over… Read More »
Your Life Insurance Policy Needs A Proper Beneficiary Designation
Your life insurance policy needs a proper beneficiary designation. And, if it doesn’t have this proper beneficiary designation, the funds within this policy may not go to the right person. Going over the importance of a proper life insurance beneficiary designation, and speaking with a lawyer, will help you satisfy each one of your… Read More »
The 3 Major Risks Of Using A.I. To Draft Your Estate Plan
Your estate plan is a series of legal documents. Every single one of these documents will be used to distribute your assets to the people you would like to give them to. Even though you can use A.I. to draft your estate plan, there are many risks that come from doing so. By going… Read More »
Cryptocurrency Requires Effective Estate Planning
Every single one of your assets can, and should, be a part of your estate plan. This includes digital assets, such as your cryptocurrency holdings. Going over the importance of effective estate planning for cryptocurrency, and speaking with a Florida estate planning lawyer at Millhorn Elder Law Planning Group today will help you protect… Read More »
