"It will not get any easier if you're avoiding it. Now, don't think that in six months or a year the solution will be, in fact, it's going to get much harder." - Katya Sverdlov
Katya Sverdlov is a distinguished attorney specializing in estate planning and elder law, with a robust background in finance as a chartered financial analyst. Driven by her own unsatisfactory experience with estate planning at a large law firm, she founded her own practice to ensure personalized client care and education. Sverdlov is passionate about empowering families to make informed decisions, emphasizing the critical importance of properly documenting estate planning wishes in writing, as verbal instructions or unsigned documents hold no legal weight. Her approach includes leveraging her financial expertise to help clients navigate complex family dynamics and asset considerations, highlighting strategies like irrevocable trusts for Medicaid planning, ensuring that her clients' wishes are legally binding and protected for the future.
Key Takeaways:
->Proper documentation in estate planning is crucial to ensure individuals' wishes are legally binding and carried out as intended.
->Medicaid planning is essential for individuals with total assets of roughly 3 million and below to ensure coverage for long-term care.
->Irrevocable trusts allow individuals to protect assets, retain certain control, and potentially qualify for Medicaid coverage for long-term care expenses.
->Working with knowledgeable professionals is emphasized by Katya Sverdlov to properly execute and regularly update estate documents.
->Asset protection and ensuring desired outcomes for individuals and their families are key goals of estate planning.
Connect with Katya:
https://sverdlovlaw.com/
https://www.linkedin.com/in/katya-sverdlov-cfa-esq-3aab406/
Connect with Katherine Miller:
https://www.linkedin.com/in/kemiller1/
https://miller-law.com/
