Law Office of Inna Fershteyn and Associates, P.C.
Estate Planning & Elder Law Attorney
A trust allows a third party, typically known as the trustee to hold assets on behalf of the beneficiary. This trust often does not have to go through probate, which is why so many individuals prefer to embark upon the trust process. Trusts provide you
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
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
How do you qualify for Medicaid? The Medicaid program is often used as a device by those who cannot afford healthcare themselves to get aid in the event that their situation requires it. In fact, it currently covers 74 million Americans. This government assistance program
Wading Through the World of Trusts – How do Various Trusts Differ? What are Trusts? Creating a trust with the help of an estate planning lawyer is a perfect way to kick off your estate plan, especially if you’re looking for a relatively easy, nearly
Choosing Between a Revocable Trust and an Irrevocable Trust What is a Trust? Trusts are employed by individuals and families to distribute their assets in a fast and cost-efficient way. Shared benefits of all trusts include the conservation of the time and costs associated with probate. In addition, the
What is a Trust? Estate planning often involves setting up trusts. A trust is a legal agreement where property is held in order for it to be transferred after death. A trust does not have to go through the tedious, long and expensive process of