Law Office of Inna Fershteyn and Associates, P.C.
Estate Planning & Elder Law Attorney
A large number of Americans do not have an estate plan. Aside from the challenges of not having an estate plan, Americans are failing to learn even the basic details about how estate plans function. There are many misconceptions about what an estate plan is
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
Understanding Estate Administration and Probate Probate is a legal process in which all estates must go through, as long as the estates are contained in a will. The primary goal of probate is to transfer assets out of the deceased person’s name into the name
A common misconception is that having an estate plan simply means drafting a will or a trust. However, there is more to include in your estate planning to ensure that all your assets are seamlessly transferred to your heirs. A successful estate plan should also
Did you know that the majority of small companies fail within the first generation? It’s not because these firms aren’t sustainable; rather, many times it’s due to errors in estate planning and communication. Let’s say you have a plan when you leave your pet for
The executor’s role can be complicated by distribution of unique assets that the deceased individual’s last will does not account for. One example includes seasonal sports tickets. In such instances, family members often inquire about the status of a seasonal pass after a loved one
After seeing a dip in the number of U.S. COVID-19 cases, cases are rising again and at an alarming rate. The devastation from the initial wave of COVID-19 is far from over, and now the country is reeling again as the disease’s deadlier cousin, the
What links Pablo Picasso, Jimi Hendrix, Abraham Lincoln, and Aretha Franklin? Not much, you’re probably thinking. They do, however, share one significant feature. They all died intestate, which implies they didn’t leave a will behind. Pablo Picasso died in 1973 at the age of 91,
Are you trying to create an estate plan but have concerns regarding your citizenship status? You may not be the only one considering there are more than 45 million foreign-born individuals residing in the United States. While some have already acquired citizenship, millions of others
Many people have retirement plan accounts to which they contribute funds regularly. In the tragic case that the account owner dies before they are able to retire, it is imperative that their surviving spouse understands the rights they have to their partner’s retirement assets. Retirement
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