Author Archives: Jay Butchko
Purchasing a House for Your Child Without Losing Control of the Investment
Housing unaffordability has made it extremely difficult for younger people (specifically zoomers and millennials) to purchase real estate. If you’re an older family member watching from the sidelines, it can be incredibly difficult to witness your child or grandchild struggle to save enough for a down payment. If you want to lend a helping… Read More »
How Do You Know if a Trustee Will Follow Your Instructions After You’re Gone?
Trusts are popular in Florida for various reasons, including probate avoidance and asset protection. But as the name implies, this estate planning strategy relies on a foundation of trust. How do you know whether your trustee will actually follow your instructions after you’re gone? Will they act in the best interests of your beneficiaries?… Read More »
How Do Personal Representatives Work With Probate Lawyers in Florida?
In Florida, the “personal representative” is the person responsible for overseeing the probate process after a decedent passes away. Probate can be quite complicated, and this is why many personal representatives choose to work alongside probate lawyers in St. Petersburg. How exactly is a personal representative supposed to collaborate with a probate lawyer? Probate… Read More »
Can the Florida Homestead Exemption Really Protect Me From Out-of-State Debt?
Throughout history, many well-known business leaders, actors, and other public figures have used the Florida homestead exemption to avoid debt obligations. But is this really possible? Could you rack up debt in another state, move to Florida, purchase a home, and avoid ever having to pay the money back? This is something you might… Read More »
Generation-Skipping Trusts vs. Dynasty Trusts in St. Petersburg
Generation-skipping trusts and dynasty trusts are two examples of estate planning strategies designed to provide financial support for your family well into the future. Although similar in many ways, these two types of trusts represent different philosophies toward generational planning. To determine which option makes sense for your family, consider speaking with an experienced… Read More »