Category: Children

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.   
  

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...

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,...

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...

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...

The rate of second and third marriages in the United States continues to increase. Each spouse may bring children, assets, heirlooms, and very specific wishes into the new marriage. Some want their children to inherit the bulk of the assets. Others want specific heirlooms (painting / jewelry / watch) to be passed down to specific people....

The newly enacted ABLE accounts permit people with disabilities to save money without jeopardizing their government benefits. Account holders can have up to $100,000 in these accounts without jeopardizing their SSI (Supplemental Security Income) benefits. Medicaid benefits do not get jeopardized regardless of the amount of money held in these accounts.These accounts enable...

There are many things that can go wrong with an outright distribution: Judgment creditor can seize a beneficiary’s inheritanceBankruptcy court can seize a beneficiary’s inheritanceAn incapacitated beneficiary can squander an inheritance before anyone can step in to help him.A divorce court can award some of the beneficiary’s inheritance to an ex-spouseIf...

When drafting a testamentary or an estate plan, one always should always consider family dynamics in order to preserve family relationships. Parents may have several concerns about their children: entitlements, sibling rivalry, children’s spouses, safeguard from malpractice actions, and safeguard from drug abuse. Entitlements: for parents of younger or minor children, the parents may...

Second marriages bring additional estate planning considerations, especially when children from past relationships are involved. Here are some suggestions for addressing a blended family in estate planning:If you are not married yet, write a prenuptual agreement, which specifies who owns which asset, the support arrangement in case of future separation, and asset distribution in case of death....