Law Office of Inna Fershteyn and Associates, P.C.
Estate Planning & Elder Law Attorney
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
What is a Retirement Account? A retirement account, typically referred to as an Individual Retirement Account (IRA), is a form of “individual retirement plan”, provided by many financial institutions, that provides tax advantages for retirement savings in the United States. What is a Retirement Account
If a wealthy individual were to pass away, they would need to pay the estate tax, also referred to as the “death tax.” Previously in 2010, the estate tax plan was repealed. One year later, it was brought back to repair the damage caused by