Children Archives - Page 2 of 3

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...

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...

Disinheriting a Child

Posted on October 16, 2019

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...

Planning for Step-Children

Posted on September 25, 2019

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....

How to Budget for a Child with Special Needs

Posted on July 16, 2019

https://havenlife.com/blog/how-to-budget-for-a-child-with-special-needs/
I was recently quoted extensively in a recent article by Nicole Dieker, regarding planning for a child with special needs.
Please contact me at ksverdlov@sverdlovlaw.com or 212-709-8112 with questions regarding planning appropriately for your family.

Estate Planning for 21st Century Families: A Primer

Posted on January 22, 2019

As families continue to change and evolve, so do estate planning policies. In 2019, when we discuss estate planning, we must account for a broader definition of family than ever before. Here are several issues to look out for when planning for the future. Marriage: The first issue concerns...

Guest Blogger: Ashley Taylor from www.disabledparents.org – Preparing Your Home and Your Life for Children as a Disabled Parent

Posted on April 4, 2018

Preparing Your Home and Your Life for Children as a Disabled Parent Preparing your home for parenthood is something every new parent needs to do, but for parents with disabilities, this sometimes takes a bit more planning. For example, just holding your child might be a special challenge for you depending on your disability,...

Estate Planning Tips for same-sex couples

Posted on November 7, 2017

In the United States v. Windsor, the Supreme Court rules that federal government must recognize same-sex marriages legally performed in a state for federal law purposes. Below are some tips in an estate planning concept: Boomerang assets. Lots of same-sex couples do not have children. While the couple may...

Can you adopt an adult in New York?

Posted on January 10, 2017

The main reason for adult adoption is usually related to qualifying to receive an inheritance: If a person is not related to you biologically or legally and your will cannot be found, then the person has no right to inherit your money. However, getting around this issue can easily be resolved by writing a Will...