Blog - Sverdlov Law PLLC

Countdown to 2025: 6 Year-End Gift, Estate and Financial Strategies

Posted on December 11, 2024

As we approach the end of 2024, it's crucial to review your estate and tax planning strategies to ensure you're maximizing your financial benefits. Here are some key areas to focus on: 1. Health Savings Account (HSA) If eligible, maximize contributions...

Skip the Politics, Save the Legacy: Your Thanksgiving Conversation Guide with Aging Parents

Posted on November 19, 2024

Turkey? Check. Pumpkin pie? Check. A plan for your family's future? Let's work on that! This Thanksgiving, why not serve up something more substantial than cranberry sauce? We've prepared an easy to use guide to help you navigate those tricky estate planning conversations with your aging...

Wishing you a wonderful end of summer

Posted on August 27, 2024

Dear Clients and Friends PLANNING FOR THE FALL. As we savor the last days of summer and look forward to the cooler days of fall, it's the perfect time to explore the city and enjoy all that the season has to offer. Whether you're planning to catch a

Inheritance on hold? Most Americans don’t understand the time and expense of probate

Posted on August 3, 2024

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...

Debunking Guardianship Myths in New York: Protecting Your Loved Ones with Facts

Posted on July 23, 2024

In the realm of elder care, special needs planning and legal decision-making, guardianship is a topic often clouded by misconceptions and misunderstandings. For families navigating the complexities of guardianship in New York, separating fact from fiction is crucial to ensuring the well-being and protection of their loved ones. Here, we'll discuss some...

Step by Step Guide to Becoming a Guardian for Your Loved One in New York

Posted on July 12, 2024

Imagine this scenario: You’re faced with the responsibility of caring for an aging parent who can no longer make decisions on their own. It’s a daunting prospect filled with uncertainty and questions about what steps to take next. In this guide, we’ll walk you through the intricate process of pursuing guardianship in...

Guardianship or Power of Attorney: What’s Best for Your Loved One?

Posted on June 26, 2024

Life in New York is always on the move, and amid our busy schedules, it’s crucial not to overlook the needs of our aging loved ones. If your parent is showing signs of dementia, you might be wondering whether to seek guardianship or if a Power of Attorney (POA) is still suitable....

The Trust Conundrum: Exploring Revocable vs. Irrevocable Trusts

Posted on June 21, 2024

This guide explores the differences between revocable and irrevocable trusts under New York State law. Whether you need one or both depends on your unique circumstances. Understanding Revocable Trusts Think of a revocable trust as a flexible tool in estate planning,...

Jointly Owned Assets: Are You Gambling with Your Legacy?

Posted on June 11, 2024

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...

SECTION 8 HOUSING REOPENED

Posted on June 5, 2024

Application Period for Section 8 Housing Reopened for a Limited Time For the first time in 15 years, the New York City Housing Authority (NYCHA) reopened the waitlist for its Housing Choice Voucher (Section 8) Program on Monday, June 3, 2024, at 12:00 AM. The application will be...