Advantages and Disadvantages to Separate or Joint Trusts for Married Couples

Having a trust is essential for comprehensive estate planning protection. However, if you are married, you will need to be more mindful of how you want to take care of your family. In your estate planning, you must decide if you want to do one Read More …

5 Asset Protection Solutions for Entrepreneurs

If you are an entrepreneur, adopting asset protection strategies is essential to protecting your profits. Asset protection is a form of planning with the objective of protecting assets from creditors’ claims and litigation. There are high risks in establishing your own business, but they come Read More …

Top 10 Things to Ask your Elder Law Attorney

Speaking with an Elder Law attorney in New York is often nerve- racking, as it’s hard to know what questions you should ask during your initial consultation. To make sure that your best interests are taken care of, you should be asking the following 10 Read More …

Is A Trust Better than a Will after COVID-19 Pandemic?

For almost two years now, the world we live in has been impacted greatly by the Covid-19 pandemic. During these uncertain times it is important to be prepared for whatever lies ahead, which includes drafting an estate plan to ensure your loved ones are taken Read More …

What is an LLC (Limited Liability Company)

If you are a business owner consider making your business a legal entity. A limited liability company (LLC) is a legal status given to businesses. This establishment means the business will be its own legal entity and the owner(s) can be relieved of personal responsibility Read More …

Using a LLC for Asset Protection

A Limited Liability Corporation, or LLC, can be utilized for any size firm, from sole proprietorships to multi-ownerships. In addition, LLCs are the most popular legal entity utilized for ownership of rental and commercial property. It can assist as a safeguard for your personal assets, Read More …

3 Different Types of Asset Protection Trusts

Awareness surrounding the importance of asset protection soared during the COVID–19 pandemic. In particular, the Law Office of Inna Fershteyn saw a significant increase in clients who requested legal assistance with the intention of creating an asset protection plan. An Asset Protection Trust will ensure Read More …

What will happen if you don’t have an estate plan?

An estate plan is key to guaranteeing that all of your best interests are met when the time comes. The very first step to planning for your future pertains to making the decision to create an estate plan. This plan typically includes drafting a will, Read More …

10 Essential Estate Planning Steps for 2021

Tips 1&2- Prepare for Your Future by Drafting a Will and Selecting an Executor Drafting a will is essential to the distribution of your assets upon your passing. This document gives you the ability to decide exactly how your estate will be managed upon your Read More …