Law Office of Inna Fershteyn and Associates, P.C.
Estate Planning & Elder Law Attorney
Estate planning is a multi-faceted and intricate process, and each family will have different needs and considerations when formulating the most prudent estate plan. For the purposes of this article, we will be examining the charitable remainder trust, one of the estate planning tools available
Imagine your teenager throws a party while you are out of town. Word spreads like wildfire, and soon your house is packed with more partygoers than your child had possibly imagined. Alcohol finds its way into the hands of those who should not have it,
Transferring Your Home To Your Children When it comes time to start planning for your future, one of the first steps is to often evaluate your assets along with who will be inheriting your assets. A common choice for most individuals is to appoint family
Medicaid planning is a complex method of estate planning that allows individuals to become eligible for Medicaid benefits. Medicaid benefits help recipients save money even if your income and assets may be too high to qualify. Since the Medicaid application process is both time consuming
Awareness surrounding the importance of asset protection soared during the COVID–19 pandemic. In particular, the Law Office of Inna Fershteyn saw a significant increase in clients who requested legal assistance with the intention of creating an asset protection plan. An Asset Protection Trust will ensure
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