Law Office of Inna Fershteyn and Associates, P.C.
Estate Planning & Elder Law Attorney
Last updated: May 29, 2026 | By Inna Fershteyn, Esq. | Reading time: ~9 minutes The New York estate tax exemption for 2026 is $7,350,000 per individual — the amount a person can pass to his beneficiaries before any New York State estate tax is
When planning an estate, all individuals are subject to a federal tax. However, it is important to consider the state tax laws that affect individuals in different ways depending on where they live. For example, citizens in Florida will be subject to different regulations from
2021 began with President Biden assuming his role in the White House office. Now Democrats control the House of Representatives as well as the Senate. Therefore, many people are anticipating changes to policies. Biden has started discussing tax changes, however, it’s still too early to
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
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
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
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
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