Inheritance on hold? Most Americans don’t understand the time and expense of probate
At Sverdlov Law, we recognize that navigating the legal process following a loved one’s death can be daunting. Many Americans are unaware of the complexities, time, and costs associated with probate.
For a detailed exploration of this topic, we recommend reading the insightful article by USA Today, "Inheritance on...
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Jointly Owned Assets: Are You Gambling with Your Legacy?
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...
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3 Estate Planning Considerations for Real Estate Owners in New York
Keep your estate plan for real estate assets up-to-date. As life and laws change, strategic planning is crucial. Watch our video on Estate Planning for Real Estate owners or for those who prefer to read this information, you can find the full script below.
To learn more, contact us at...
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Estate Planning: The Implications of the New Biden Presidency
In the lead up to the Georgia Senate runoff elections, a question on everyone's mind was how the estate and income tax legislation would be affected if the Democrats won a majority. Now that senators Jon Ossoff and Raphael Warnock have been cemented into their positions, change is sure to come. Exactly how much change is still uncertain.
The Biden...
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Top 5 Reasons for Asset Protection
Please see the article that I recently wrote for Epoch Times on Asset Protection https://www.theepochtimes.com/5-top-reasons-for-asset-protection_2973377.htmlMost people in the United States need some form of asset protection, regardless of the type of job that they do and amounts of assets that they have. Please contact my law firm if you have additional questions about your individual...
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Asset Protection: Self-Settled Trusts vs. New York Based Trusts
The goal of asset protection planning is to insulate assets from claims of creditors without concealment or tax evasion. Many people get sued. Some are in professions that almost seem to invite litigation (doctors, lawyers, business owners, home owners). Others simply get unlucky (i.e. car accident). If one is already getting sued, then it’s...
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Planning for digital assets is just as important as planning for other assets.
What would happen to your Facebook account in case of your untimely death? Your email? Your online bank account? Your computer that is protected by a password? Your small business payroll system? Once you stop to think about the issue, you realize that without proper planning, finding and accessing your online accounts may be...
Planning for digital assets is just as important as planning for other assets. Continue reading…
5 Reasons for Asset Protection
Some people think that asset protection is only relevant when you have a bankruptcy looming in the near future. Nothing could be further from the truth. Attempting to hide your assets when there are known creditors may be classified as ‘fraudulent conveyance’ and may not be effective. Instead, asset protection is a legal...
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