Switch to ADA Accessible Theme
Close Menu
+

Author Archives: Jay Butchko

SeniorSad2

Financial Abuse Of The Elderly Strikes Again In Central Florida

By David Toback |

Scams against the elderly are common enough that most seniors are on their guard against the most common types.  Even the loneliest people know not to fall for those brightly colored postcards that announce that you have just won a large sum of money.  Likewise, when a much younger person matches with you on… Read More »

Facebook Twitter LinkedIn
Fees

Why 55 Plus Communities Are Overrated

By David Toback |

When you are too old for the rat race but too broke to retire, you might get to thinking that the grass is greener in a world where no one thinks about the rat race, keeping up with the Joneses, or living vicariously through their descendants; people in this alleged utopia live for the… Read More »

Facebook Twitter LinkedIn
Resignation

Can The Great Resignation Be An Estate Planning Strategy?

By David Toback |

The motivations for joining the Great Resignation, in which you quit your job even though you do not have another one lined up and even though you do not have enough savings to be financially independent for a long period of time, are complex, but from the outside, it simply looks like you don’t… Read More »

Facebook Twitter LinkedIn
DrugUser

Your Estate Plan Should Face Reality About Addiction

By David Toback |

You are not the target audience for those estate planning sales pitches about protecting your wealth and spending your golden years walking on the beach with your spouse and going on cruises with your friends.  You have nothing in common with the people who will only begin work on an estate plan if, for… Read More »

Facebook Twitter LinkedIn
FilesLocked

You Need A Financial First Aid Kit, Even If You Don’t Write A Will

By David Toback |

The words “intestate succession” strike fear in some people’s hearts.  They imagine the state gobbling up all of their property, or their estranged son inheriting it and spending it all on marriages and divorces from a series of gold-digging wives.  You have no such fear.  It doesn’t bother you in the least if your… Read More »

Facebook Twitter LinkedIn
Taxes

Revocable Trusts And Your Taxes

By David Toback |

Financial planners and estate planning lawyers sometimes talk about revocable trusts as though they are a solution to everyone’s every problem.  By this logic, a revocable trust enables you to sprout a doppelganger that owns your money and then pays it back to you, and, naturally, this is something that everyone wants.  They might… Read More »

Facebook Twitter LinkedIn
Caregiver3

The Medicaid Child Caretaker Exemption

By David Toback |

It is easy to idealize aging in place in a multigenerational household, but most adults who live with their parents do so out of economic necessity.  The members of the household are sharing scarce resources.  The house is often the only valuable asset that the older adults own.  The younger adults still live paycheck… Read More »

Facebook Twitter LinkedIn
Empty_Stage

If These Estate Planning Mistakes Can Happen To Celebrities, They Can Happen To You

By David Toback |

It is fun to read about the foibles of people who have a lot more money than you.  Tabloids and reality TV derive their entertainment value from the fact that we in the audience believe that we have much better judgment about love, money, and parenting.  We think that we would never be dumb… Read More »

Facebook Twitter LinkedIn
ManThinkChair

Are Aging In Place And Moving To More Senior-Friendly Accommodations Mutually Exclusive?

By David Toback |

One of the best things about being retired is that your peers are no longer impressed with status symbols, so that you no longer feel compelled to spend money on purchases whose only purpose is to show off to an audience.  If a red sports car didn’t give you superpowers when you were 50,… Read More »

Facebook Twitter LinkedIn
Cat_Glasses

Cats Are Better As Beneficiaries Of A Trust Than As Beneficiaries Of A Will

By David Toback |

Everyone who understands the basics of estate law knows that animals cannot be beneficiaries of a will.  Despite this, one often reads news stories about beloved pets that inherited a fortune from their wealthy owners, even if the testator had the wisdom not to say, “My dog Biscuit will inherit 100 percent of my… Read More »

Facebook Twitter LinkedIn