Blog - Page 3 of 27 - Sverdlov Law PLLC

Debunking Guardianship Myths in New York: Protecting Your Loved Ones with Facts

Posted on July 23, 2024

In the realm of elder care, special needs planning and legal decision-making, guardianship is a topic often clouded by misconceptions and misunderstandings. For families navigating the complexities of guardianship in New York, separating fact from fiction is crucial to ensuring the well-being and protection of their loved ones. Here, we'll discuss some...

Step by Step Guide to Becoming a Guardian for Your Loved One in New York

Posted on July 12, 2024

Imagine this scenario: You’re faced with the responsibility of caring for an aging parent who can no longer make decisions on their own. It’s a daunting prospect filled with uncertainty and questions about what steps to take next. In this guide, we’ll walk you through the intricate process of pursuing guardianship in...

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...