Author Archives: Jay Butchko
Grantor Retained Annuity Trusts
Financial planners often tell clients that setting up an irrevocable trust will give them peace of mind, but the fact that irrevocable trusts are irrevocable makes them scary. Therefore, if people want to set up a trust that will begin to function as an independent entity while the grantor is still alive, they usually… Read More »
Affordable Internet Is More Important to Retirees’ Wellbeing Than You Realize
Despite abundant evidence to the contrary, the stereotype that the elderly and the Internet repel each other persists. Yes, old folks are much more likely to head to the supermarket with shopping lists written on scraps of paper, while the younger generation keeps their shopping lists on the phone, editing them in real time;… Read More »
Medicare Dental Benefits Leave Seniors in the Lurch
Medicare, the program that provides basic medical care services to American seniors free of charge, has existed since the early 1960s; the first people to receive Medicare benefits were former president Harry Truman and former first lady Bess Truman. A lot has changed since then. If you want to scare your grandchildren, or perhaps… Read More »
Is It Better If a Trust or an LLC Owns Your House?
Most people can only dream of owning a house, so you know that you are in a strong financial position if you own your home and are dreaming about ways to make it look like you do not own it. In 2023, a quarter of single-family home purchases were by investors; therefore, many of… Read More »
Spendthrift Trusts Are Your Best Defense Against the Florida Shuffle
If there were a simple cure for substance use disorder, your family would not be in this situation. As the parent of an adult who has struggled with drug addiction, your life is a roller coaster in which you cycle between empathy and emotional numbness, between hope and despair, and between blaming yourself, your… Read More »
Revocable Trusts and Your Taxes
Establishing a trust is a big commitment. Depending upon your age and what you hope to accomplish by the trust, a revocable trust may be the right choice for you. A revocable trust is just what you need if you are afraid of commitment. You can modify the trust instrument and change the trustees… Read More »
Choosing a Beneficiary for Your IRA
The first step in building an estate plan, before you start making wishes, counting your money, or declaring your intentions not to share your prosperity with this or that person is to count your blessings. You have a family, and you have a retirement account;. In some ways, it is a win-win situation. What… Read More »
City Commissioner Under Investigation for Financial Abuse of Elderly Woman
Financial abuse is the most common form of elder abuse, even more common than emotional or physical abuse. Financial abuse occurs when the abuser coerces the victim into making transactions he or she does not want to make, uses lies or emotional manipulation to get the victim to spend money on the abuser or… Read More »
Who Needs Retirement When You Can Raise Your Grandchildren Instead?
People say that a positive attitude makes all the difference, but they have never walked in your shoes. Estate planning websites show senior couples walking on the beach at sunset, but you have not had any leisure time in years; your idea of self-care is watching an entire YouTube Shorts video about an economical… Read More »
The Essentials for a Florida Estate Plan
While it may not be your favorite topic of conversation, preparing your estate prior to your passing is an essential part of being prepared for the inevitable. In making such plans, having a comprehensive estate plan is among the most vitally important things you can do to secure your wishes and assets and protect… Read More »
