New Addition to my Firm
I am excited to announce the addition of DANIEL J. REITER, ESQ to my firm!Daniel joins Sverdlov Law PLLC as Of Counsel. I have also joined Daniel’s firm as Of Counsel.Our top priority has always been quality of our work and stellar client service and results. Our new Of...
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What is the Medical Aid in Dying Act?
Medical aid in dying is the process by which an adult, mentally competent, terminally ill patient, whose doctors have determined likely to die within six months, self-consumes prescribed medicines to end suffering and achieve a peaceful death. There are currently legislative efforts in New York State to establish Medical Aid in Dying as...
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Do You Need a Health Care Proxy?
In New York, the two documents that allow an individual to detail their future medical wishes are a Health Care Proxy and a Living Will. You can also combine the two into one document: in the Health Care Proxy you can both nominate and provide specific instructions to your agent.
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How Do You Open a Safe Deposit Box After Death?
In New York, banks will seal a safe deposit box following the death of an owner or co-owner. The bank will then only allow the safe deposit box to be opened after a Court issues an order to that effect. The following are the steps you must take:
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It’s been 3 years since my father’s death and I have not received a penny from my sister who was the appointed Executor! Should I compel an accounting?
After an Executor gets appointed in an Estate, the Executor must fulfill his duties by timely marshalling of all assets, paying all known creditors and distributing the remaining money to beneficiaries. While this is what is supposed to happen, quite often it does not.
It’s been 3 years since my father’s death and I have not received a penny from my sister who was the appointed Executor! Should I compel an accounting? Continue reading…
Katya quoted in “How a Medicaid Spend Down Works”
Katya Sverdlov, Esq. has been quoted in the U.S. News article How a Medicaid Spend Down Works. Understand important Medicaid spend down rules to decide if its the right financial strategy for you.
Read the full article here
How Can I Become an Administrator or an Executor of an Estate?
Probate or Administration: In New York, if the decedent had a Will and had assets that did not pass by operation of law (such as joint property with rights of survivorship or accounts with beneficiary designations), then the Will must be "probated" and an Executor must be appointed. If the decedent did not have...
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Removing the Executor of the Estate
Can one remove the executor or the administrator of the estate? The process is not easy, but it has been done multiple times. Below are several common grounds for removal:
• Self-dealing. This means that the Executor of the Estate acts in the best interests...
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Can You Be Rich and Still Qualify for Medicaid?
Why do people want to qualify for Medicaid in the first place? Because, even though this knowledge may come as a shocking surprise, neither Medicare nor any supplemental insurance coverage policies pay for long term care. Long term care includes home care services and nursing home services. When paid for privately, the cost...
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6 Ways to Coordinate Your Estate Planning with Your Financial Advisor
Essential components of every estate plan, regardless of client's net worth, include a Will, a Power of Attorney, and a Health Care Proxy. Some circumstances require the use of a Trust (for the purposes of special needs planning, asset protection, Medicaid/elder care planning, estate tax mitigation, and probate avoidance). Those with potentially taxable...
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