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...
For clients of Sverdlov Law – an offer from a Senior Trainer Continue reading…
Social Security changes coming in 2020
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...
Social Security changes coming in 2020 Continue reading…
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...
What is a healthcare proxy? Continue reading…
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...
What happens if there are not enough assets in the Estate to pay all claims Continue reading…
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...
Disinheriting a Child Continue reading…
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...
Account Closures and Cancellations Continue reading…
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...
Basics of Planning a Funeral Continue reading…
Planning for Step-Children
If you have married someone who had children from a previous relationship, these are your step-children. Even if you have helped raised the child from a very young age, unless you have legally adopted the child, he will not be considered your child for inheritance purposes. This can have significant implications for your family....
Planning for Step-Children Continue reading…
A Good Plan Avoids Big Problems
Not having a plan in place may create unforeseen problems for your family. Please read my recent article in Epoch Times about the importance of having proper documents.https://www.theepochtimes.com/a-good-plan-avoids-big-problems_3066028.html
My recent interview on Serene Home: mistakes, challenges and costs of estate planning.
I was recently interviewed on Serene Home about how to put your estate planning affairs in order. Please read the article below.https://theserenehome.com/estate-planning-katya-sverdlov-esq-talks-to-the-serene-home/