Author Archives: Jay Butchko
What is a Special Needs Trust in Florida?
Those who have disabled loved ones, children, or grandchildren and are concerned about what will happen to them once they pass away can create a special kind of trust known as a special needs trust. Supplemental or special needs trusts, also called SNTs, are strategically designed for the purpose of caring for a disabled… Read More »
Protecting Elderly Family Members From Financial Abuse
The stories of elder abuse that often make headlines tend either to involve nursing home neglect, where elderly residents suffered preventable illnesses, injuries, and general decline of health because they received inadequate attention from nursing home staff, or else sensational tales of undue influence, where an unscrupulous person attached himself or herself to a… Read More »
Types of Estate Planning Trusts
A trust is a legal document that acts as a container for assets. Just about any asset can be placed inside of a trust including bank accounts. A trustee manages the trust and a trustor is the individual who wants the trust created and transfers assets into it. Trusts are similar to wills insofar… Read More »
Property Tax Benefits for the Elderly and Disabled
Property taxes can be a significant drain on your resources. Fortunately, the state of Florida offers various property tax benefits for the elderly and disabled. They include exemptions and discounts for eligible residents. These benefits are designed to reduce the financial burden on eligible residents and provide them with tax relief. In this article,… Read More »
The Five Most Important Estate Planning Documents
The five most important estate planning documents include: Your will A trust Powers of attorney Advanced medical directives Beneficiary designations These five documents combine to form a foundational estate plan and make it easier for your loved ones to manage your care and finances if you become incapacitated or pass away. While it can… Read More »
Estate Planning After Gray Divorce
A disproportionate share of divorce cases involve people over 50. On the one hand, gray divorce can be a relief. A main motivation behind this phenomenon is people realizing that, now that their children have grown up, life is too short to stay in an unhappy marriage. Of course, for every recently divorced senior… Read More »
How Long Can a Retired Millionaire Survive in Florida?
Sure, you have heard all the gloom and doom in the news about how households with an income of $100,000 per year are living paycheck to paycheck, but that does not apply to you. One of the nice things about being old is that you don’t have to worry about all the problems that… Read More »
Reasons to Consider a Postnuptial Agreement
Premarital agreements are more common today than they once were, particularly among younger couples. Still, not everyone is eager to bring up the topic of divorce before they have even gotten married. After a couple has settled into their marriage, each person may feel more comfortable bringing up the subject. Or, a person may… Read More »
FAQs About Child Support in Pasco County
All parents in Pasco County, and throughout Florida, are required to financially provide for their children, even if one of the spouses does not exercise timesharing. When disputes about child support arise, they always have the potential to become very contentious. Parents are often worried that they will be ordered to pay support, while… Read More »
Your Business Succession Planning Checklist
As a business owner, you have a lot to think about on a daily basis. It is important, though, that you do not overlook the importance of business succession planning. With a succession plan, you can make any transfer of the business smooth and seamless if you ever intend to leave it. If you… Read More »
