Law Office of Inna Fershteyn and Associates, P.C.
Estate Planning & Elder Law Attorney
Today, our society lives in a digital age. We have so much available at our fingertips that we often overlook how dependent or reliant we are on such modern technology. We can log onto Facebook and chat with a friend or distant relative we haven’t
You never know what life will throw at you, so it’s important that you prepare for the unknown and unexpected. This includes protecting your assets in an appropriate, safe, and timely manner. Asset protection is the process of safeguarding one’s wealth against those who may
Divorce is never easy, but the divorce of a long-married couple can be especially hard, particularly when it comes to retirement and estate plans. Assets, including retirement accounts, can be hard to divide, and the presence of children—and possibly grandchildren—can require the wholesale revision of
Estate and Wealth Planning can be hefty processes that can hold back many women from securing their future. It is no secret that we live in a complex world with an immense list of responsibilities, which, quite frankly, can lead us to lose sight of
Uncle Sam and the Case for Inheriting Foreign Assets In 2011, I got a call from a client in Moscow. Here is what happened. The client’s uncle (let’s name him Sam) died in NY in 2009 and left a substantial inheritance to his nephew in
One of the main reasons that millions of people enroll in Medicaid every year is to avoid the exorbitant fees associated with living in a nursing home. With proper legal advice and comprehensive Medicaid planning from a licensed attorney, you and your family may be
Love is in the air in June, a popular month for weddings and engagements. But before you or a loved one says “I do,” there are a few things you should know about their money habits. Thanks to an excellent new book by Terry Savage,
1. Inventory everything. Make a complete list of your assets and debts. It’s a good idea to do this on a regular basis (say, every six months or so). Remember to think broadly. For example, do you own a vacation home or have retirement assets? Do
Which entity to choose? It is all confusing. Which entity to choose? LLC or Corporation? Which tax status? Sub-S? LLC with an 8832? How do you document percent ownership among partners? Who has decision-making power, voting rights? Who gets what in dissolution? What about taxes?
When someone passes away, your estate plan, which includes your wills and trusts, will determine who will inherit your assets. If, in your trust, you had named beneficiaries to your assets, then the named assets will automatically pass on to them. Depending on the situation