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Katya Sverdlov Blog

Tuesday, November 5, 2019

Social Security changes coming in 2020


Stay informed about the Social Security changes. 

  1. Monthly benefits increase: Social Security recipients will get a 1.6 percent cost-of-living adjustment (COLA) in their monthly benefits starting in January. The average individual retired Social Security beneficiary is expected to see a monthly benefit jump from $1,479 to $1,503, an increase of roughly $24 per month or $288 for the year.
  2. Maximum benefits increase: As a result of the COLA, the maximum monthly benefit a single recipient can get also will grow.

Read more . . .


Wednesday, October 30, 2019

What is a healthcare proxy?


Multiple problems frequently arise when an adult loses capacity.  Do you remember Terri Schiavo and the 7 year court battle that her family had to endure to determine the proper course of her medical treatment? Much to the surprise of close relatives, unless certain documents are signed ahead of time, the relatives are not entitled to make health care decisions for their loved one.

The two documents that allow an individual to detail their future medical wishes are a Health Care Proxy and a Living Will.
Read more . . .


Wednesday, October 23, 2019

What happens if there are not enough assets in the Estate to pay all claims


Purpose of probate: Probate of the estate serves several purposes. It starts with identifying the heirs of the estate, continues with identifying the assets owned by the decedent, continues with paying the claims of the estate and is finalized by distributing the remaining assets to the required beneficiaries. Every single step of this process may end up with unexpected complications.

Identifying proper creditors: During the probate process notice must be given to all creditors of the estate, and those creditors must be allowed an opportunity to file a claim against the estate. The Executor of the estate reviews each claim and either approves or denies it.


Read more . . .


Wednesday, October 16, 2019

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 you and against the heirs who are ultimately receiving the money. As a result, the disinherited child may choose to challenge your Will: either by claiming that you did not have the mental capacity to write one, by claiming that you were under undue influence from unscrupulous people, or by claiming that the Will was not executed properly. Even if this Will challenge does not ultimately succeed, it can delay the process of asset distribution by years.


Read more . . .


Wednesday, October 9, 2019

Account Closures and Cancellations


One of the hardest parts of losing a loved one is dealing with the financial aftermath. While your family and friends are aware of the passing, the rest of the financial institutions are not and they will keep sending the bills. Gym memberships, subscription wine club memberships, student loans, credit cards, Netflix subscription, utility bills, etc. – all of these have to be addressed.

  1. Make sure you have authority to act and get a document to prove it.

Read more . . .


Wednesday, October 2, 2019

Basics of Planning a Funeral


Pre-Planning is best, because it eases the burden on your loved ones. If you have specific wishes (i.e. – scattering your ashes over Yukon, Canada or getting buried under a specific tree) you should at least write these wishes down and ideally arrange for their execution. However, that is not always possible and millions of people each year are faced with the daunting task of planning funerals while grieving a loss.
Read more . . .


Wednesday, September 25, 2019

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.

For example, when Harry and Sally got married, Sally had a child John from a previous relationship. Harry helped to raise John from a young age, but he could not adopt him, because John’s father did not want to give up his parental rights.
Read more . . .


Wednesday, September 18, 2019

A Good Plan Avoids Big Problems

Not having a plan in place may create unforeseen problems for your family. Please read my recent article in Epoch Times about the importance of having proper documents.

https://www.theepochtimes.com/a-good-plan-avoids-big-problems_3066028.


Read more . . .


Thursday, September 5, 2019

My recent interview on Serene Home: mistakes, challenges and costs of estate planning.

I was recently interviewed on Serene Home about how to put your estate planning affairs in order. Please read the article below.

https://theserenehome.com/estate-planning-katya-sverdlov-esq-talks-to-the-serene-home/


Read more . . .


Tuesday, August 13, 2019

KonMari consultant explains the organizing / cleaning method that took the world by storm!


1.   How did you become a KonMari consultant? 

Following a long career as a psychotherapist, I discovered my passion for organizing after organizing my own home using the KonMari Method. KonMari worked so well for me in my own home, I decided I wanted to help others achieve the same result.

After completing the KonMari training, I started my own business. Once I had a certain number of client sessions documented, I took an exam and became certified!  I’m now a Master Level Certified KonMari consultant.
Read more . . .


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