Blog - Page 8 of 26 - Sverdlov Law PLLC

How to Choose a Right Guardian For My Child?

Posted on February 16, 2021

No one wants to think about what will happen to their child after they are gone. However, it is in the child's best interest for the parent to designate a Guardian in the unlikely event that you will no longer be able to care for them. Guardians are assigned to children under the age...

Why Every Parent Needs a Trust For Their Child

Posted on February 8, 2021

A trust fund is an estate planning tool not only meant for the wealthy. A person, or grantor, sets up an account containing assets for a beneficiary. The grantor decides how the assets get distributed eventually. The Trustee manages the assets. Depending on the type of trust fund, the beneficiary will be able...

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

Posted on January 30, 2021

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...

New video has been posted about a Power of Attorney

Posted on January 8, 2021

Please take a look at my new YouTube channel where the first video is about a need for a Power of Attorney https://www.youtube.com/watch?v=nX0wvTCi0kU&feature=youtu.be Link to Youtube: Video about a Power of Attorney

Happy New Year!

Posted on December 30, 2020

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...

Why does anyone need a Pooled Income Trust?

Posted on December 28, 2020

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. Set up an appointment with Sverdlov Law PLLC to discuss whether a Pooled Income Trust is right...

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

Posted on December 22, 2020

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...

Social Security changes coming in 2020

Posted on November 5, 2019

Stay informed about the Social Security changes. 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...

What is a healthcare proxy?

Posted on October 30, 2019

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...

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

Posted on October 23, 2019

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...