Free Phone Consultation
212.709.8112

Katya Sverdlov Blog

Wednesday, January 27, 2021

Seven Immediate Actions to Take When Your Loved One Passes Away: How to close accounts, notify key authorities, access death benefits, and begin the administration process


Introduction. This will be a painful time for you and your family. While grieving, you still have the responsibility of handling all the final financial affairs of your loved one. You might face bureaucracy, multiple court forms, and other family members who are grieving or might be angry. We can guide you through this every step of the way.
Read more . . .


Wednesday, December 30, 2020

Happy New Year!

Dear Colleagues, Clients, Friends, and Family  

2020 has been a rough year. We have all been in some way confronted with sickness and despair.  But this year also reminded us to treasure the people in our lives, to find joy in special moments and to appreciate nature.  

May your 2021 be filled with wonder and gratitude and health.

All the best to you and your family from the team at Sverdlov Law!

P.


Read more . . .


Monday, December 28, 2020

Why does anyone need a Pooled Income Trust?

Pooled Income Trusts can be used for many different situations, including individuals with mental health illnesses, special needs, and seniors who need Medicaid services.

 

Read this article from NAMI with a thorough and straightforward explanation of a Pooled Income Trust. 


Read more . . .


Tuesday, December 22, 2020

For clients of Sverdlov Law - an offer from a Senior Trainer

Do you, your parents or your loved ones have not been going out much lately? It is time to start preparing for the spring! And get yourself in shape! 

 

What better holiday gift than the gift of movement? OnTheMend Senior Fitness is offering a discount for all clients of SverdlovLaw PLLC All classes are held over Zoom, are age-appropriate and fun!
 
Call them today to give the gift of fitness!

Read more . . .


Tuesday, November 5, 2019

Social Security changes coming in 2020


Stay informed about the Social Security changes. 

  1. Monthly benefits increase: Social Security recipients will get a 1.6 percent cost-of-living adjustment (COLA) in their monthly benefits starting in January. The average individual retired Social Security beneficiary is expected to see a monthly benefit jump from $1,479 to $1,503, an increase of roughly $24 per month or $288 for the year.
  2. Maximum benefits increase: As a result of the COLA, the maximum monthly benefit a single recipient can get also will grow.

Read more . . .


Wednesday, October 30, 2019

What is a healthcare proxy?


Multiple problems frequently arise when an adult loses capacity.  Do you remember Terri Schiavo and the 7 year court battle that her family had to endure to determine the proper course of her medical treatment? Much to the surprise of close relatives, unless certain documents are signed ahead of time, the relatives are not entitled to make health care decisions for their loved one.

The two documents that allow an individual to detail their future medical wishes are a Health Care Proxy and a Living Will.
Read more . . .


Wednesday, October 23, 2019

What happens if there are not enough assets in the Estate to pay all claims


Purpose of probate: Probate of the estate serves several purposes. It starts with identifying the heirs of the estate, continues with identifying the assets owned by the decedent, continues with paying the claims of the estate and is finalized by distributing the remaining assets to the required beneficiaries. Every single step of this process may end up with unexpected complications.

Identifying proper creditors: During the probate process notice must be given to all creditors of the estate, and those creditors must be allowed an opportunity to file a claim against the estate. The Executor of the estate reviews each claim and either approves or denies it.


Read more . . .


Wednesday, October 16, 2019

Disinheriting a Child


Under the laws of New York, if you die intestate (without a Will) some or all of your property would go to your children who survive you, in equal shares. However, you can choose to disinherit – leave nothing – to a child.

The disinherited child, of course, may have very hurt feelings, both against you and against the heirs who are ultimately receiving the money. As a result, the disinherited child may choose to challenge your Will: either by claiming that you did not have the mental capacity to write one, by claiming that you were under undue influence from unscrupulous people, or by claiming that the Will was not executed properly. Even if this Will challenge does not ultimately succeed, it can delay the process of asset distribution by years.


Read more . . .


Wednesday, October 9, 2019

Account Closures and Cancellations


One of the hardest parts of losing a loved one is dealing with the financial aftermath. While your family and friends are aware of the passing, the rest of the financial institutions are not and they will keep sending the bills. Gym memberships, subscription wine club memberships, student loans, credit cards, Netflix subscription, utility bills, etc. – all of these have to be addressed.

  1. Make sure you have authority to act and get a document to prove it.

Read more . . .


Wednesday, October 2, 2019

Basics of Planning a Funeral


Pre-Planning is best, because it eases the burden on your loved ones. If you have specific wishes (i.e. – scattering your ashes over Yukon, Canada or getting buried under a specific tree) you should at least write these wishes down and ideally arrange for their execution. However, that is not always possible and millions of people each year are faced with the daunting task of planning funerals while grieving a loss.
Read more . . .


← Newer12 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Older →

Archived Posts

2021
2020
2019
November
October
September
August
July
June
May
April
March
January
2018
December
November
October
September
August
July
April
March
February
January
2017
December
November
October
September
July
May
April
March
February
January
2016
November
October
August
July
June
April
March
February
January
2015
December
November
October
September
August
July
June
May
April
March
February
January
2014


Sverdlov Law's practice focuses on estate planning, probate and estate administration, Medicaid planning, elder law, and business succession matters.



© 2024 Sverdlov Law PLLC | Disclaimer
30 Wall Street, 8th Floor, New York, NY 10005
| Phone: 212-709-8112

Estate Planning | Planning for Incapacity | Guardianships | Probate / Estate Administration | Special Needs Planning | Elder Law | Medicaid Planning | Business Succession Planning | | Resources | Legal Team

-
-