Law Office of Inna Fershteyn and Associates, P.C.
Estate Planning & Elder Law Attorney
Time gets us all, and before you know it you’ve celebrated your 65th birthday and thoughts of how you will be spending your retirement days start to cloud your mind. While it’s true that there are some important decisions that need to be made regarding
Just as they do during life, taxes affect you even after death. When drafting your estate plan, you should know how taxes will affect your assets once they are passed down. Having a properly structured estate plan will ensure a peaceful transfer of assets and
Probate, a dirty word in estate planning, is the process where a court determines the legitimacy of your will and then decides how to properly distribute your assets based on that determination. This process can last from six months up to a year or even
The Use Of A Pour-Over Will One of the most important things you can do to ensure a peaceful transfer of assets after your passing is to draft a proper estate plan. Unfortunately, it is not uncommon for grantors of a trust to not always
As couples age, they may reach a point in time when one spouse needs to enter a nursing home while the other is still able to live independently. When the nursing home is paid for by Medicaid, there are special protections under the law given
While individuals within a marriage may not put much thought into whether a property is legally classified as separate, or community, the distinction between the two can have huge consequences in regards to estate planning, and instances of divorce. Hence, it is important for couples
When Can You Collect A Deceased Spouse’s Social Security Retirement Benefits The social security administration should be notified as promptly as possible when a person passes away. In most cases, the funeral home will report the death, but you can also do this personally by
This past month, the House Ways and Means Committee has unveiled a new act aimed at modifying regulations surrounding the “Stretch IRA.” The “Stretch IRA” is a method of limiting required distributions on an inherited IRA, which can avoid a substantial tax bill in the
Medicaid is a federal and state program that provides individuals with low incomes, disabilities, or other conditions to receive medical treatment and care for a free or low cost. Unfortunately, as with any government program, Medicaid is prone to fraudulent use by individuals looking to
Probate is the court-supervised process of authenticating a last will and testament of a deceased individual. The probate process involves determining the value of the deceased individual’s assets, paying any owed taxes on their behalf, and distributing the remainder of the estate to the indicated