Law Office of Inna Fershteyn and Associates, P.C.
Estate Planning & Elder Law Attorney
Noah Didn’t Wait Until the Flood – Protect Your Assets Before It’s Too Late One of the earliest examples of asset protection, or the assurance that one’s assets are protected from creditor claims in the event that they are sued, is found in one of
As we age, we never know what might happen. The future is unknown, and we might be gone tomorrow, or we might be here a long time. It’s good to plan for any possibility. For many of us, the best possibility is that we enjoy
A will is a legal document that one has drawn up prior to death that states how their assets will be allocated once they pass. This is an important step in one’s estate planning process because it can help ensure that their final wishes are
Like wine decanting, where the contents of a bottle are poured from one container to another, decanting a trust means that the contents of a trust are being transferred to a new trust, likely because the second one brings more advantages. Since by definition, an
Missing is not as Good as Dead According to Probate Court, when dealing with one’s inheritance, missing does not mean dead. Handling the estate of someone who is missing or who is presumed dead can be a lengthy process. What to Expect When Handling the
Dennis Kowalski, a husband and father of three, recently spent $140,000 to cryogenically preserve his entire family after they die, hoping to give them a chance at a second life. He is the president of the Cryonics Institute and a paramedic, and trusts that this
Since the New York Court of Appeals first established the legality of Totten trust in 1904’s Matter of Totten, the use of Totten trusts as a valid estate planning tool has spread throughout the nation. Nevertheless, when questioned, few can discern between a Totten trust
Although life would be much simpler if it stayed the same for long periods of time, the truth is that it is constantly changing. People come into your life unexpectedly and exit just as frequently. Regarding estate planning, or preparing the transfer of wealth to
Picture this scenario: You are approaching the end of your life, yet your balance sheet is in the red. You still have a significant sum you owe to an assortment of creditors. “Ah-ha!” you triumphantly think. “They can only take it while I’m alive. I
Going Out on Your Own Terms: Specifying a Method of Death in Estate Planning Documents Traditionally, the goal of estate planning has been seen as facilitating the transfer of assets from a deceased person to intended heirs upon death. While a written will focuses on