Understanding Special Needs Trusts
If you are the parent or grandparent of a minor or adult with special needs, you’ve likely heard people saying you need a special needs trust to protect them.
What is a special needs trust?
To understand a special needs trust, you first need to understand a trust in general. When people leave money to or...
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Accessing Services in New York City for Young Children with Special Needs
What services are available to New York City’s younger special needs children?
New York City special needs planning attorneys can help parents of disabled children with legal issues including guardianship, trusts and more. But there are many additional resources available—if only overwhelmed parents knew where to turn for help.
Accessing supports and/or services...
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Is 17A Guardianship Right for Your Special Needs Child?
What happens to parents’ rights when their special needs child turns 18?
Reaching the age of majority—eighteen-- is a milestone in New York. That means that all children – – including all those with intellectual or developmental disabilities – – are considered adults with the legal authority to make their own medical, financial and other...
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Do You Need a New Will if You Just Had a Child? Do you need more than a Will?
Life comes at us fast, and we need to be prepared. There's no telling when tragedy will strike, so having an up-to-date will in place is imperative in ensuring your assets are distributed according to your wishes.
Wills need to change as our lives do. Having a child is a significant life event and will significantly...
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What is an Individualized Education Plan?
What is an Individualized Education Plan?
An Individualized Education Plan (IEP) is a document specially developed for children with disabilities or special needs. IEPs are designed to create a learning environment where a child with special needs can flourish without being removed from the company of non-disabled peers.
IEPs strive to keep children in the least restrictive environment...
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How to Choose a Right Guardian For My Child?
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...
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Why Every Parent Needs a Trust For Their Child
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...
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Why does anyone need a Pooled Income Trust?
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...
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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...
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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....
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