Author Archives: Jay Butchko
New Laws in Connecticut Aimed at Elder Care
Earlier this summer, Connecticut Governor Ned Lamont signed new bills into law that are aimed at improving elder care in the state, including certain additions to Medicaid coverage for older adults in the state. As you are beginning to think about your own long-term care plans, or if you are helping your elderly parents… Read More »
How to Discuss Estate Planning with Your Elderly Parents
Many adults in their 40s and 50s have elderly parents who are beginning to need significant medical care and help with their finances, yet it remains common for elderly adults to have avoided estate planning earlier in life. As such, many of those adults in their 40s and 50s are thinking about how to… Read More »
What is a Special Needs Trust?
If you have a disabled child or another loved one who is disabled, part of your estate planning process should be thinking about establishing a special needs trust (also known more simply as an SNT). While there are many different types of trusts that can be created in Connecticut and can provide benefits to… Read More »
What Are Countable Assets for Medicaid Planning?
As we get into our 40s and 50s, many of us have aging parents who need to learn more about Medicaid planning and long-term care options. Not only is it important for adult children to understand how the law works so that they can help their parents and other elderly relatives, but many adult… Read More »
How Does Medicaid Planning Involve Asset Protection?
Whether you have parents who are getting to the age where they could soon require some form of long-term care, or you are starting to think about retirement in the next decade or so yourself and how to make financial plans for the future that take into account potential health needs, it is important… Read More »
What is a Power of Attorney?
Whether you are in your 40s, 50s, or older, it is critical to think about estate planning and the documents that you will need to have in place to protect yourself and your family. One important type of document is the power of attorney (often simply called a POA), and it is important to… Read More »
What is the Medicaid Lookback Period?
Whether you are starting to think about Medicaid planning and asset-protection strategies for yourself as you age, or you are assisting an elderly parent with Medicaid planning and asset protection, it is critical to understand what is involved in Medicaid planning and how the “lookback period” works. In short, the lookback period refers to… Read More »
Life’s Events Documents and Estate Planning: What Do I Need?
While none of us can fully plan for unexpected life events, it is possible to make plans so that you maintain your ability to make decisions in certain circumstances as best as possible, and that you identify other people you trust to make decisions for you if you become unable to do so for… Read More »
How A Trust Can Safeguard Your Minor Child’s Inheritance
There is nothing that you would not do for your child and to ensure their safety and security. This includes proactively developing an estate plan or updating an existing one when you become a parent. But when you write your estate plan, what you include in it makes a big difference. Putting together an… Read More »
Top Financial Tips for New Parents
When a child is on the way, the number of things to prepare for can seem impossible. From picking a name to stocking a nursery full of all the blankets and diapers a baby will use, it is a lot for a couple to handle. Children are life-changing, and when bringing one into the… Read More »