Law Office of Inna Fershteyn and Associates, P.C.
Estate Planning & Elder Law Attorney
A Medicaid asset protection trust is an important estate planning tool that can help Medicaid applicants qualify for Medicaid and help protect assets from Medicaid estate recovery. The trust is irrevocable and should be created in advance because, for assets to be excluded from Medicaid’s
In both New York and New Jersey, there is no state gift tax. However, both states adhere to the federal gift tax rules and exemptions. In 2026, the federal annual gift tax exclusion is $19,000 per recipient, meaning that if a gift stays within that
Last updated: May 22, 2026 | By Inna Fershteyn, Esq. | Reading time: ~9 minutes Several federal and New York changes are reshaping Medicaid and Essential Plan eligibility through 2026 and into 2027, following the passage of the One Big Beautiful Bill Act (H.R.1). The
Last updated: May 20, 2026 | By Inna Fershteyn, Esq. | Reading time: ~9 minutes The Medicaid 5-year lookback in New York reviews every asset transfer you made in the 60 months before applying for nursing home Medicaid. The state calculates a penalty period by
Medicaid Under the Trump Administration in 2025 With Donald Trump returning to the presidency and a Republican controlled Congress, the future of Medicaid is uncertain. While Medicaid did not receive significant attention during the recent campaign cycle, the potential for Medicaid spending reductions has become
As one ages, there is the possibility that they may incur some sort of physical or mental disability which makes their living at home without home-care services impossible. In such a case, Medicaid planning is an important step to take in order to ensure that
Medicaid planning is an intricate method of estate planning that allows individuals who may not be eligible for Medicaid benefits to become eligible. Medicaid benefits have many advantages that assist recipients in saving money even if their income and assets may be too high to
Medicaid planning is a complex method of estate planning that allows individuals to become eligible for Medicaid benefits. Medicaid benefits help recipients save money even if your income and assets may be too high to qualify. Since the Medicaid application process is both time consuming
The Covid-19 pandemic has been extremely detrimental not only to the wellbeing and health of the public, but has enhanced financial strain among a great extent of the population. Due to safety measures taken to prevent the spread of the pandemic many people are unable
Medicaid Look Back Provision A Medicaid Lookback is extremely important when it comes to financial eligibility for Medicaid. The purpose of the Medicaid Lookback period is to give the Medicaid agency an opportunity to heck all financial transactions that occurred on the elder’s behalf.This means