Challenging an Executor Appointment in New York State: A Comprehensive Guide
When it comes to estate administration in New York, the appointment of an executor is a crucial step. However, what happens when family members disagree with the proposed executor? This guide will walk you through the process of challenging an executor appointment in New York State, providing valuable insights into waivers, citations,...
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Why You Need an Elder Law Attorney in New York: 10 Crucial Reasons
As our population ages, the need for specialized legal assistance becomes increasingly apparent. In New York, where the cost of care and complex laws can be overwhelming, an elder law attorney can be an invaluable asset. Here are ten compelling reasons why you or your loved ones might need an elder law...
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Who Pays the Bills? Understanding Estate Expenses in New York
In New York State, the expenses of the estate during the administration process are typically paid from the estate's assets, not from the personal funds of the executor or administrator. These expenses include things like:
Funeral expenses – Often paid early in the process to settle the decedent's...
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Your Right to an Elective Share: A Guide for Disinherited Spouses in New York
In New York State, if a surviving spouse is "disinherited" (i.e., not provided for in a decedent’s will), they have the option to claim an elective share of the decedent's estate. This legal right allows a spouse to receive a portion of the estate, even if the decedent's will does not provide for them....
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Countdown to 2025: 6 Year-End Gift, Estate and Financial Strategies
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...
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Skip the Politics, Save the Legacy: Your Thanksgiving Conversation Guide with Aging Parents
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...
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Wishing you a wonderful end of summer
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
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Inheritance on hold? Most Americans don’t understand the time and expense of probate
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...
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Debunking Guardianship Myths in New York: Protecting Your Loved Ones with Facts
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...
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Step by Step Guide to Becoming a Guardian for Your Loved One in New York
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...
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