Author Archives: Jay Butchko
The Assets Medicaid Considers “Available”
To qualify for Medicaid, you must meet certain requirements. Many of these requirements center on the assets you currently own and, in turn, whether you have too much. Going over the assets Medicaid considers “available,” and speaking with a lawyer from Millhorn Elder Law Planning Group, will allow you to protect your estate from… Read More »
Do Retirement Accounts, IRAs, And Life Insurance Policies Go Through Probate?
Many of your assets can, and will, go through probate. But, what about retirement accounts, IRAs, and life insurance policies? Going over whether or not retirement accounts, IRAs, and life insurance policies go through probate, while speaking with a lawyer, will allow you to protect your estate. Do Retirement Accounts, IRAs, And Life Insurance… Read More »
3 Major Mistakes To Avoid When Naming Your Life Insurance Beneficiary
Your life insurance policy can, and should, go to the person you would like to give it to. But, there are certain mistakes that, if made, can make it much more difficult for your life insurance policy to go to the right person. Going over the three major mistakes to avoid when naming your… Read More »
The 2 Ways Your Trustee Can Resign
A good trust allows you to protect your estate from probate. But, in order for you to have a trust that achieves this purpose, you must have a trustee who will act on your behalf. Going over the two ways your trustee can resign, and speaking with a lawyer, will make it easier for… Read More »
The Best Estate Planning Option For Shielding Your Asset From Creditors
You can develop an estate plan that shields your assets from creditors. By doing so, you can protect your most valuable assets from the parties who would like to claim them, allowing them to go to your beneficiaries. Going over the best estate planning option for shielding your asset from creditors, and speaking with… Read More »
The Problem With Holographic Wills
A holographic will can be very useful. But, they often come with several major problems, all of which make developing a holographic will somewhat unwise. Going over the problem with holographic wills, and speaking with a lawyer who specializes in estate planning, will allow you to satisfy your estate planning needs. What Is A… Read More »
How Probate Deals With Unpaid Bills
The probate process can lead to creditors asking for any unpaid bills/debts to be paid. By going over what this means, and speaking with a lawyer, you will have a much easier time protecting your estate. What Is Probate? The definition of probate is as follows: a court process that allows your assets to… Read More »
The 3 Adjustments You Must Make To Your Estate Plan After A Divorce
You must adjust and update your estate plan after any significant life changes occur. Just as you might assume, this includes divorce. Right after a divorce, it is of the utmost importance that you adjust your estate. By going over the three adjustments you must make to your estate plan after a divorce, and… Read More »
Losing Your Trust Documents
Every single one of the documents that outline, and affirm, a trust must be protected. If these documents are lost, then it can be more difficult for the wishes connected to the trust to be brought to fruition. Going over what happens if you lose your trust documents, and speaking with an estate planning… Read More »
The Benefits Of A Survivorship Deed
A survivorship deed offers many benefits. By going over some of those benefits, and speaking with a lawyer, you can determine whether or not a survivorship deed is right for you. What Is A Survivorship Deed? A survivorship deed is a deed that lets two people own property together. Just as an example, if… Read More »
