Law Office of Inna Fershteyn and Associates, P.C.
Estate Planning & Elder Law Attorney
Last updated: May 29, 2026 | By Inna Fershteyn, Esq. | Reading time: ~9 minutes The New York estate tax exemption for 2026 is $7,350,000 per individual — the amount a person can pass to his beneficiaries before any New York State estate tax is
Last updated: May 22, 2026 | By Inna Fershteyn, Esq. | Reading time: ~9 minutes Several federal and New York changes are reshaping Medicaid and Essential Plan eligibility through 2026 and into 2027, following the passage of the One Big Beautiful Bill Act (H.R.1). The
Last updated: May 22, 2026 | By Inna Fershteyn, Esq. | Reading time: ~10 minutes A revocable trust can be changed or undone by the grantor at any time during his lifetime; an irrevocable trust generally cannot. That single distinction drives every other difference: a
Last updated: May 20, 2026 | By Inna Fershteyn, Esq. | Reading time: ~9 minutes The Medicaid 5-year lookback in New York reviews every asset transfer you made in the 60 months before applying for nursing home Medicaid. The state calculates a penalty period by
How to Protect Your Digital Assets As technology advances rapidly, every sector of society is evolving—especially when it comes to wealth management. Cryptocurrencies and digital assets are growing in popularity, introducing new complexities and challenges to estate planning. Unlike traditional assets, crypto holdings are password-protected
It’s very common for aging parents to name their children as health care proxies or agents under a Power of Attorney (POA). Children know their parents well, care deeply about their well-being, and are committed to honoring their wishes, which makes them a natural and
Leaving Your Family with Clarity: Estate Planning for Estranged Children Familial relationships can be complicated, and sometimes they don’t work out, such as in the case of estrangement from a child. This can raise difficult questions when it comes to estate planning. It’s important to
It is common to want to help your grandchildren or children by helping with a down payment, covering part of a wedding, or simply giving a check as a birthday gift; however, under Medicaid rules, these gifts can have unintended consequences. Although these gifts are
Have you ever thought of divorce as a way to work together toward a shared goal? Though it may sound counterintuitive, reframing it in this manner can help resolve not only interpersonal tensions but also complex estate planning matters like property division, trust arrangements, and
Protect Your Family: Pass Your Property Down the Right Way Real estate isn’t just a financial asset; it can be a home filled with memories and sentimental possessions. While leaving real estate behind for your children can be a meaningful gift, there can unfortunately be