Law Office of Inna Fershteyn and Associates, P.C.
Estate Planning & Elder Law Attorney
Regardless of your age or financial situation, estate planning, the process of preparing for the transfer of wealth upon decease, is a process that benefits everyone. While it is not unheard of for people to make mistakes with regard to their estate plans, there are
Paul William Walker IV was the star of the Fast & Furious movies, until his unfortunate — and ironic — death in a high-speed car accident on November 30, 2013. The car, in which Walker was a passenger, was found to have been doing at
FOR most of the United States, the estate tax is now something only the very wealthy have to plan for. The federal exemption for an individual this year is now $5.34 million, or $10.68 million for a married couple. And that amount is indexed to
Winter break is less than a week away! Even if you do not celebrate Christmas, like my family and many other New York Jews we know, a festive air is upon us. The week between Christmas and New Years is a prime time to vacation.
While providing your loved ones with a trust is one of the greatest gifts you can offer, navigating the numerous ins and outs of an estate plan necessitates professional legal assistance to ensure that the job is done properly. Every year I advise dozens of
Depending on whom you are talking with, there are various ways to start the conversation. Going to a woman’s undergraduate college taught me that it’s okay for women to be smart. When I went to Columbia Law School, I found myself explaining that to a very brainy, beautiful
Why Use a Trust? Why Not Just Give the Money Away? If someone is trying to protect assets and still qualify for long-term care benefits from the government, their strategy could be to gift away their assets to children or other family members. After the
The growth in personal wealth fueled by the overall growth in business in economy, especially mushrooming of affluent businesses governed by families, has created the need for structures that provide effective and hassle-free wealth management, asset protection and tax efficiency. In this respect, trusts are
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
