Law Office of Inna Fershteyn and Associates, P.C.
Estate Planning & Elder Law Attorney
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
Defining a Deed – What is it? A property deed is a legal document that can be used to transfer the ownership of property. For the deed to be valid, it must be signed by the person interested in transferring the real estate and include
New GOP Tax Plan May Actually Be To Die For The new House GOP tax plan has caused a stir of controversy in the past few weeks. On November 2, 2017, the House Ways and Means Committee issued H.R. 1 called “Tax Cuts and Jobs
Generally speaking, people tend not to spend too much time focusing on events they do not consider imminent, such as death. Nobody expects tomorrow to be their last day, and thus, estate planning, the process of preparing the transfer of wealth to loved ones after
Out of Wedlock and Out of Luck: What Happens When Common-Law Couples Lack an Estate Plan? Although registering a marriage is still a common practice, the level of common law marriages, where there is no such recording with a state or religious registry, has increased
Think of the Children – What Happens to Them if You Die It’s something we all know – that our children are the most important things in our lives. And, while we’ll certainly do our best to take care of them for as long as
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