Understanding Special Needs Trusts
If you are the parent or grandparent of a minor or adult with special needs, you’ve likely heard people saying you need a special needs trust to protect them.
What is a special needs trust?
To understand a special needs trust, you first need to understand a trust in general. When people leave money to or...
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Why You Need a Power of Attorney Especially as a Special Needs Parent
A comprehensive estate plan in New York generally includes a Last Will and Testament (commonly known as a “will”), a trust (sometimes), a Living Will, a Health Care Proxy, and a Durable Power of Attorney.
What is a Power of Attorney?
In a nutshell, a power of attorney (“POA”) is a legal document where the maker...
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Accessing Services in New York City for Young Children with Special Needs
What services are available to New York City’s younger special needs children?
New York City special needs planning attorneys can help parents of disabled children with legal issues including guardianship, trusts and more. But there are many additional resources available—if only overwhelmed parents knew where to turn for help.
Accessing supports and/or services...
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Is 17A Guardianship Right for Your Special Needs Child?
What happens to parents’ rights when their special needs child turns 18?
Reaching the age of majority—eighteen-- is a milestone in New York. That means that all children – – including all those with intellectual or developmental disabilities – – are considered adults with the legal authority to make their own medical, financial and other...
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If You Have a Special Needs Child, You Must Learn About OPWDD
Accessing New York State OPWDD Services and Supports
What is OPWDD?
If you are the parent or legal guardian of a person with developmental disabilities in New York State – – or have a developmental disability yourself – – there are multiple supports and services available to you through the New York State Office of Persons...
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7 Last-Minute Tips to Help You Close Out 2021
Good afternoon
I hope you are getting ready to wind down 2021 and are getting ready to usher in a promising 2022 (which, we hope, will be a bit less eventful and will bring us all some needed calm).
To help start the year off right, I've put together 7 last-minute tips to help you close...
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Can You Force Your Adult Drug-addicted Child to Go to a Rehab Facility?
As a parent, there is little more heartbreaking than having an adult child struggle with addiction. Rehab is often the only answer, but if the child is an adult, is there a way to force them to go? The answer is not straightforward as we may want. In the United States, the law prevents...
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Reasons To Use An Irrevocable Life Insurance Trust
Irrevocable Life Insurance Trusts (ILIT) is a form of life insurance that helps to reduce or eliminate state and federal taxes on an estate after the person has passed away. An irrevocable life insurance trust results in more benefits to the beneficiary than a standard life insurance policy. The policy can be used to...
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Estate Planning with Cryptocurrency
Once dismissed as a worthless and risky venture, cryptocurrency has exploded in popularity in recent years. But despite surging usage, some areas of cryptocurrency, such as tax policy, still elicit confusion. And in the haze of cryptocurrency investing and trading, estate and financial planning are overlooked, leading to lost investments and, ultimately, time wasted.
Due...
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Am I Responsible For The Debts Of My Loved One?
Explains when someone is responsible for the debts of the decedent.
Contact Sverdlov Law at 212-709-8112 or ksverdlov@sverdlovlaw.com to learn more or set up a consultation here: https://calendly.com/katyasverdlov
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