Author Archives: Jay Butchko
Understanding Connecticut’s Eligibility Requirements For Medicaid
Medicaid is a federal/state partnership designed to help certain low-income individuals pay for health care and, in some cases, nursing home care. In Connecticut, the Medicaid program is known as HUSKY. The Connecticut Department of Social Services (DSS) is responsible for HUSKY’s benefit determinations and day-to-day operations. One of the most common questions people… Read More »
How Connecticut Deals With “Small Estates”
Many people are worried about the potential time and expense of probating a deceased loved one’s estate. In many cases, however, the probate process can be quite simple. In fact, there is even a specific procedure under Connecticut law to manage “small estates” without the need for all of the formalities of traditional probate…. Read More »
Outliving Your Debts
A lot of us are unconcerned about our debts. After all, we won’t have to deal with them anymore once we die, right? Not necessarily. Debts don’t simply disappear when you die. They have to be paid somehow. But what happens when there are more debts than assets when someone dies? The estate is… Read More »
Estate Planning? Don’t Forget About Your Pets
When thinking about estate planning, you may be worried about who will get your vehicle, house, furniture, or sports memorabilia. But have you thought about your pets? It’s something to think about, especially if you are terminally ill or of advanced age. Your dog eagerly awaits your arrival from home. Your cat enjoys cuddling… Read More »
Estate Planning For Digital Assets
So, you’re getting your affairs in order. You have assets such as your car, home, bank accounts, furniture, jewelry, heirlooms, and collections. But have you thought about your digital assets? As the name implies, digital assets are those possessions that exist in a digital format. Digital assets can be found online or perhaps on… Read More »
Why You Need To Update Your Estate Plan
Statistics show that more than half of adults in the United States do not have a will or any other estate plan in place. Having an estate plan is important if you want your assets distributed per your wishes, so why don’t more people have them? While the COVID pandemic has brought about a… Read More »
What Are Common Mistakes Associated With Connecticut Trust Administration?
Andrea decides that she should form a revocable trust to hold some of her assets, including tangible and intangible property. She has amassed several commercial properties and thinks transferring ownership to the trust would make her life easier. She finalizes the trust on her own without consulting an attorney, nominating her best friend as… Read More »
Intellectual Property Estate Planning For Hartford County Residents
When we think about drafting our own will and estate plan, we know to make a list of tangible personal property and financial assets such as our home, vehicle, furniture, vacation home, and retirement accounts. But what about other items we don’t think about often? What about intangible assets and works belonging uniquely to… Read More »
Disability Trusts & ABLE Savings In Connecticut
Are you or a loved one concerned about a disabled family member’s well-being and how their condition will be managed when you can no longer care for them? Is a simple trust not enough to meet their specific needs? You may have options. ABLE savings accounts are specifically designed for Connecticut special needs residents… Read More »
Should Your Hartford County Estate Plan Include Guidance For Student Loans?
More and more people are attending college. Colleges are charging astronomical tuition and room and board fees. Many attendees and former alumni use Federal and private student loans to supplement the cost of their education. While student loans have flexible repayment periods, the interest can sometimes exceed the principal. Student loan interest also has… Read More »