Law Office of Inna Fershteyn and Associates, P.C.
Estate Planning & Elder Law Attorney
As many consumers have found, the search for professionals knowledgeable in the area of special-needs estate planning, and the protection of assets and benefits, can be very frustrating. Although many estate planning lawyers will assure clients of their ability to perform this specialized work, parents
Your Special Needs Trust (“SNT”) Defined You have a special needs trust— or you have been designated as the trustee of a special needs trust— or your child has a special needs trust. What is a trust? What is a trustee? What is a beneficiary?
Estate planning is the process of designating, during your life, the disposition of your assets upon your death in a manner that attempts to eliminate administrative uncertainties, reduce taxes, and maximize asset protection. The process of estate planning typically includes preparation of legal documents such
You thought your estate plans were finally set? Not so fast. It turns out the “permanent” $5 million estate-tax exemption enacted earlier this year could change after all, sending families back to the drawing board to sort out their strategy. A provision in President Barack
The Five Components of a Good Estate Plan Many people believe that if they have a will, their estate planning is complete, but there is much more to a solid estate plan. A good plan should be designed to avoid probate, save on estate taxes,
A trust is a legal agreement that allows one party (the grantor) to give another party (the trustee) the right to hold assets for the benefit of a third party (the beneficiary). Trusts can take various forms and help achieve many goals, depending on the
NEW YORK, Jan 8 (Reuters) – On her final day as Manhattan Surrogate, Kristen Booth Glen issued a “clarion call” for trustees who oversee funds for beneficiaries with mental and physical disabilities, saying they must use trust money to improve the beneficiaries’ lives. In ordering
It is possible to write a will all by yourself – type up on a piece of paper detailed instructions on the distribution of your worldly goods after your death, without the help of an attorney. But if you are planning anything complicated, this
With much discomfort I have been forced to watch the Anna Nicole Smith probate proceedings and much more information than I wanted to know about Anna Nicole’s life events. Her reported death was everywhere: on TV, in print, magazines, online and everywhere else you can
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