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
Both LLCs and S corporations are effective methods of asset protection, but they differ in four key ways: an LLC may have an unlimited number of members, including foreign owners, and its entire net income is typically subject to self-employment taxes, while an S corporation
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
Have you ever thought of divorce as a way to work together toward a shared goal? Though it may sound counterintuitive, reframing it in this manner can help resolve not only interpersonal tensions but also complex estate planning matters like property division, trust arrangements, and
Starting in September 2025, New York State is mailing inflation refund checks to 8.2 million households to provide economic relief for increased sales taxes due to inflation. To qualify for an inflation refund check, you must have filled out Form IT-201, the New York State
If you’re an undocumented immigrant living in New York, you may be feeling increasingly anxious about the threat of deportation. What was once a distant concern may now feel like an imminent reality—under the current administration, deportation rates have soared nationwide, with millions of individuals
President Donald Trump’s “One Big Beautiful Bill Act” (OBBBA) has passed the Republican-controlled House and is now awaiting a vote in the Senate. If enacted, the bill could have sweeping effects on Medicaid nationwide—particularly in states like New York, where a large portion of the
In early January 2025, wildfires ravaged California, especially in the Los Angeles area, resulting in the loss of homes and financial security for thousands of residents. This tragic event highlights a crucial legal consideration: the wealth of many homeowners is intricately tied to their real
Caring for an aging loved one, particularly someone with dementia or other impairments, requires careful planning and a strong legal foundation to ensure their needs and wishes are met. These are the critical documents every caregiver should have in place to provide effective care and
Can I Afford Long-Term Care in New York? What Are the 5 Ways to Protect Assets from Nursing Home Cost and Ensure Quality Care for Seniors? Many senior citizens and their families in New York face a critical question: can they afford long-term care? Long-