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 …

How to Discuss Estate Planning with Your Loved Ones This Holiday Season?

How to discuss estate planning with your loved ones this holiday season? With the holiday season coming around and the gathering of family members you probably have not seen in quite some time, it is the perfect time to discuss estate planning for the future. Read More …

Why do Rich Young People Die Without a Will?

Young Individuals Seem to Believe Life is Endless: Young members of society are constantly focused on the present and the upcoming near future. It is highly unlikely that a 30 year old has begun planning for his potential death. In fact, many young individuals follow Read More …

It is Never too Early to Begin Elder Care Planning!

Top 5 Reasons for Elder Law Planning 1)Specified Plan of Action for the Elderly Population: An Elder Law Attorney primarily focuses on the specific needs of seniors. In prioritizing the requirements of the elderly population, an elder care attorney will assist in the legal process Read More …

Is It Better to Have an LLC or an S-Corporation?

LLC vs S-Corporation – Which Is Better for Asset Protection? When it comes to personal finance, identifying the right form of asset protection follows a relatively standard process. There are options such as opening a traditional IRA, or ROTH IRA, putting your money into a Read More …