Law Office of Inna Fershteyn and Associates, P.C.
Estate Planning & Elder Law Attorney
For most new parents, caring for their newborn infant (and all the baggage that comes with that) is already enough of a burden without thinking of the worst coming to fruition. However, it often turns out that preparing for the unexpected can lead to less
As we grow older, we do not necessarily want to think about the end that is drawing near. As a result, we often choose to delay estate planning because it is a sign to us that our time here on earth is coming to an
Before we pass away, we often find ourselves thinking about what we will leave behind for future generations. While leaving our heirs and inheritance is certainly important to most people, many wonder if anything else can be passed along that is intangible – something that
As parents and grandparents, we inherently hope that our children and grandchildren will act responsibly when handling an inheritance, regardless of its size. However, the pressure and responsibility that comes with inheriting wealth from loved ones are things that some children and young adults can
As we have covered before on the blog, the importance of carefully-executed estate planning cannot be understated, and can hold vital importance when transferring your family’s wealth to the next generation – in fact, properly handling your inheritance might be the best way to give
To most people, the concept of inheritance may seem fairly straightforward – when someone in a family dies or is of old age, they transfer their assets to their children or other family members through various forms including money, stocks, property, and a number of
While many people associate the process of estate planning with retirement and owning significant value in assets, the fact of the matter is that quite the contrary is actually true. Estate planning by definition is the process of preparing for the transfer of wealth after
As the divorce rate among married couples has stabilized at around forty-five percent in recent decades, an increasing amount of couples looking to split have taken the approach of staying permanently separated, but not legally divorced. Although looking from either spouse’s point of view, such
The concept behind the irrevocable trust, a popular estate planning tool, is relatively simple; irrevocable trusts cannot be revoked and the assets cannot be returned to the trust’s original creator. Furthermore, most irrevocable trusts do not allow for the amendment of the trust, unless changes
Though we often associate estate planning, the process of preparing for the transfer of wealth, with tangible assets like real estate or cold, hard cash, or even intangible assets like banking or investment accounts, the fact of the matter is that for those of us