Blog - Page 2 of 25 - Sverdlov Law PLLC

Guardianship or Power of Attorney: What’s Best for Your Loved One?

Posted on June 26, 2024

Life in New York is always on the move, and amid our busy schedules, it’s crucial not to overlook the needs of our aging loved ones. If your parent is showing signs of dementia, you might be wondering whether to seek guardianship or if a Power of Attorney (POA) is still suitable....

The Trust Conundrum: Exploring Revocable vs. Irrevocable Trusts

Posted on June 21, 2024

This guide explores the differences between revocable and irrevocable trusts under New York State law. Whether you need one or both depends on your unique circumstances. Understanding Revocable Trusts Think of a revocable trust as a flexible tool in estate planning,...

Jointly Owned Assets: Are You Gambling with Your Legacy?

Posted on June 11, 2024

In New York, many married couples share ownership of assets like real estate, bank accounts, and investments. While this setup offers convenience and shared control, it can also introduce risks that might affect long-term wealth. This blog explores the question: Are you risking your legacy by choosing joint ownership? Let's look at...

SECTION 8 HOUSING REOPENED

Posted on June 5, 2024

Application Period for Section 8 Housing Reopened for a Limited Time For the first time in 15 years, the New York City Housing Authority (NYCHA) reopened the waitlist for its Housing Choice Voucher (Section 8) Program on Monday, June 3, 2024, at 12:00 AM. The application will be...

The Brady Bunch Breaks Down: Estate Fights Tear Stepfamilies Apart

Posted on June 2, 2024

Blended families often face unique challenges, especially when it comes to estate planning. Standard estate plans frequently leave surviving spouses with no legal obligation to stepchildren, leading to disputes and family turmoil. Click here to read the insightful Wall Street Journal article on navigating the complexities and potential...

What is a Special Needs Child?

Posted on May 23, 2024

People are frequently asking me - should I do a Supplemental Needs Trust for my child? In order to answer that question, I will need to know more details, of course. DEFINITION: A “special needs child” is a vague classification, so what does it actually mean? A special needs...

When Can Someone File For Guardianship?

Posted on May 10, 2024

What people think they know: Frequently people come to me and say: Mom is not being rational, she is refusing to get an aide even though she keeps falling, she is refusing to go to a doctor, she is giving too much $ to charity, I want to get a guardianship and...

Difference in Estate Tax Exemption between U.S. Citizens and Foreigners

Posted on April 30, 2024

Most people - whether they need it or not - ask us about minimizing estate taxes. Estate tax for US resident: Estate tax is the taxation of property held by an individual at the time of their death. Estate tax is not always owed, instead it is only imposed if an...

Are You Obligated To Leave Equal Inheritance To All Of Your Children?

Posted on February 1, 2024

Ever wondered if you're obligated to leave an equal inheritance to all your children? In this video, we at Sverdlov Law reveal that, contrary to common belief, you have the freedom to decide how your estate is distributed. From estranged relationships to financial disparities among children, we explore scenarios where an unequal...

Removing a Bad Executor and Taking Control: Your Legal Rights and Options

Posted on October 23, 2023

Do you think that the Executor of an Estate is doing a bad job? Do you want to remove a Trustee from a Trust? It's not as easy as you think. Estate management can be riddled with challenges, particularly when conflicts arise between beneficiaries and Executors. In this video, we'll discuss some essential points for removing...