Law Office of Inna Fershteyn and Associates, P.C.
Estate Planning & Elder Law Attorney
If you have carefully prepared an estate plan, you are off to a great start. Creating a will or living trust makes a difficult life event just a little easier on your loved ones. If you are worried about the probate process, for yourself or
2021 began with President Biden assuming his role in the White House office. Now Democrats control the House of Representatives as well as the Senate. Therefore, many people are anticipating changes to policies. Biden has started discussing tax changes, however, it’s still too early to
A large number of Americans do not have an estate plan. Aside from the challenges of not having an estate plan, Americans are failing to learn even the basic details about how estate plans function. There are many misconceptions about what an estate plan is
If you are a business owner consider making your business a legal entity. A limited liability company (LLC) is a legal status given to businesses. This establishment means the business will be its own legal entity and the owner(s) can be relieved of personal responsibility
Understanding Estate Administration and Probate Probate is a legal process in which all estates must go through, as long as the estates are contained in a will. The primary goal of probate is to transfer assets out of the deceased person’s name into the name
A common misconception is that having an estate plan simply means drafting a will or a trust. However, there is more to include in your estate planning to ensure that all your assets are seamlessly transferred to your heirs. A successful estate plan should also
A Limited Liability Corporation, or LLC, can be utilized for any size firm, from sole proprietorships to multi-ownerships. In addition, LLCs are the most popular legal entity utilized for ownership of rental and commercial property. It can assist as a safeguard for your personal assets,
Did you know that the majority of small companies fail within the first generation? It’s not because these firms aren’t sustainable; rather, many times it’s due to errors in estate planning and communication. Let’s say you have a plan when you leave your pet for
The executor’s role can be complicated by distribution of unique assets that the deceased individual’s last will does not account for. One example includes seasonal sports tickets. In such instances, family members often inquire about the status of a seasonal pass after a loved one
The death of any family member is a devastating and tragic event. It can be overwhelming to deal with all of the logistics following the death of someone we loved, especially while we are still grieving over their loss, but it is important to get