Law Office of Inna Fershteyn and Associates, P.C.
Estate Planning & Elder Law Attorney
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