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,
After a Medicaid recipient dies, the state must attempt to recoup from his or her estate whatever benefits it paid for the recipient’s care. This is called “estate recovery.” For most Medicaid recipients, their house is the only asset available. Life estates For many people,
In the midst of a medical crisis, the last thing you want to worry about is healthcare coverage. There are many myths surrounding Medicaid planning. Despite the recent changes in Medicaid laws, there are still many opportunities to do Medicaid planning and protect your assets.
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
CNBC recently released a list ranking the top sixteen highest paying college majors. They based this list on a New York Federal Reserve study, which ranked college majors according to the median salaries of full-time workers within five years of graduation. The top-ten majors were
Over a lifetime, unmarried women can pay as much as a million dollars more than their married counterparts for healthcare, taxes, and more. In October 2009, New York Times reporters Tara Siegel Bernard and Ron Lieber compared a hypothetical married couple with an equivalent-earning unmarried