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