Sunday, December 11, 2016

8 Smart Estate Planning Steps to Help You Feel at Peace

Don’t you just hate that feeling where you can’t relax or seem to feel at ease? With the holidays coming up, it’s important to get rid of that fear. Using these 8 estate planning steps, we can help you feel a sense of peace.

1. Write a Will

It is important to determine who inherits your assets. If you have children, you should establish who their new guardian would be in case you pass away. Remember, you also deserve a say in who gets your possessions.

2. Choose a Power of Attorney

With a reliable power of attorney for your health and finances, you can give a trusted person authority to handle your finances and property if you become incapacitated and unable to handle it yourself. That person will be responsible for you healthcare and which courses of action to take when you aren't able to make those decisions yourself. Giving them health care directives would give you the opportunity of still being in control.


3. Consider Life Insurance

If you have young children, have a spouse, own a house, or have debts to pay, life insurance may be a good idea. You would need enough coverage to meet you and your family's expenses.


4. Choose How Your Money Will Get Spent

If you would like some of your assets to specifically cover certain expenses, you should make sure that gets done. You may want to supply a family member with a college fund or an elder with medical expenses. You may also want to donate some money to your favorite charity or organization.


5. Plan How You’ll Go

You should be able to plan your memorial service and how it would be carried out. It gives your successors a better idea of how you would want to go and it gives them less work to do. You should also decide if you would want to be buried or cremated and consider organ donation.

6. Avoid Probate

Having your assets go through probate is a long, painful process and is an overall hassle. It could tie up your estate and costs thousands of dollars in legal fees and other expenses.

7. Set up Trusts

If you have possessions solely in your name, they would have to go through probate. In order to avoid this, you can transfer ownership by creating trusts. This way there would be no probate, no fees, and no public airing of your business.

8. Work with Experts

You will need guidance and assistance from experienced estate planning lawyers. You don't have to do all of this alone. With help, you can smartly plan your estate.

Life is always changing, so it’s important to take part in these 8 essential estate planning steps.
At the Law Office of Inna Fershteyn, we want to help you and your family take control and prepare for any changes that may come along the way. For more information call us at
(718) 333-2394 or visit our website, BrooklynTrustandWill.com


Friday, December 2, 2016

10 Reasons Why You Should Revise Your Estate Plan

Your life is always changing left and right, so it’s important that you keep up with these everyday changes. This includes updating your estate plan and making sure that it addresses all your specific needs and wants.

1. There’s an Addition to the Family

Whether it’s through a new marriage or having a new child, this would be a good reason to update your estate plan. You might want to provide for this new person in the family and give them your estate. If you remarried, you may consider making sure your children from the previous marriage or new step children are taken care of in your estate plan.

2. You Got Divorced

Often times in your estate plan, your former spouse is your beneficiary. You may want to change that especially if you decide to remarry. After your divorce is finalized, it is best to update your estate plan according to your circumstances.

3. There was a Death in the Family

If you have a loss in the family and they happened to be a beneficiary, then you would have to change your estate plan accordingly.


4. It has Been a Long Time

The greater the passage of time, the more things change including your goals. As your goals change your intentions with your estate plan would also change. You may want to distribute your assets differently than you previously planned to. You would then need to review and update your estate plan based on your new needs.


5. You or a Loved One Got Injured or Hurt

You or a family member may get very ill and this may change your situation. You may want to shift the distribution of assets to help provide for their increased financial needs.

6. Your Assets have Changed

Whether you inherit money, loose assets, or buy/sell a business, these factors cause major changes in your assets. These changes in assets may influence how you want to deal with them and bring you to revise your estate plan.

7. You Moved to a Different State

Each state has different laws and regulations. Moving to a new state can affect your estate plan if it does not meet its requirements. This includes moving from a common law state to a community property state.

8. You Want a New Attorney

The relationship between you and your attorney may change over time so you may want to edit or replace this attorney with someone else. If this applies to you, then you may want to change that.

9. The Tax Laws Changed

Laws are constantly changing. The more time has passed, the more likely laws and regulations have changed. It is best to revise your estate plan and see how the change in tax laws have affected your estate plan.

10. You want to Add New Beneficiaries

After establishing your estate plan, you may find that you want to add or delete beneficiaries from it. This may include people, charities, or organizations. This would be a good reason to bring your estate plan up to date.

Life is always changing, so it’s important to revise and keep your estate plan updated. At the Law Office of Inna Fershteyn, we want to help you and your family take control and prepare for any changes that may come along the way. For more information call us at (718) 333-2394 or visit our website, BrooklynTrustandWill.com

 

Should I Avoid Probate?


Before we could answer the question, “Should I Avoid Probate?,” we need to understand what exactly the probate process is. Probate is the process of providing a Surrogates court with evidence to uphold the validity of the deceased person's Will. In essence, the court oversees the process of identifying the deceased person's property, identifying the proper heirs, distributing the property to them and paying debts to the creditors.

So what are the issues with probate? Several actually, ranging from it being a time-consuming process that could take years, expensive fees that dig into your inheritance, to the process being a public affair; meaning that all the information could be accessed by anyone.

Overall, the probate process is complicated, expensive, and time-consuming; if you need further help with your final decision on whether to avoid probate please don't hesitate, Contact the Law Office of Inna Fershteyn at 718-333-2394.

Antes que podamos responder la pregunta, “Deberíamos evitar el proceso de validación?”. Deberíamos entender que es exactamente el proceso de validación.  El proceso de validación , es el proceso que proporciona a los sustitutos corte con evidencia para defender la validez de la voluntad de la persona fallecida. En esencia, la corte supervisa el proceso de identidad de la propiedad de la persona fallecida, identificando los herederos, distribuyendo la propiedad entre ellos y pagando deudas a los acreedores.

Entonces cuál es el problema con la validación ? Varios en realidad, que van desde ser un proceso que lleva mucho tiempo, que podría tomar años, caras tasas que cavar en su herencia, para el proceso de ser un asunto público, Lo que significa que toda la información podría ser accedido por cualquier persona.

Generalmente, el proceso de validación  is complicado, costoso, y lento; si usted necesita ayuda adicional con su decisión final o información para evitar el proceso de validación  por favor no dude, contacte la oficina legal de Inna Fershteyn al (718)-333-2394.

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Languages: English, Russian speaking attorney

Areas of Practice: Estate Planning, Asset Protection, Medicaid Fraud Investigations, Medicaid Planning, Wills, Trusts, Elder Law, Will Probate

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1517 Voorhies Avenue, 4 FL
Brooklyn, NY 11235
(718) 333-2394


Thursday, December 1, 2016

Why Am I Being Investigated for Medicaid Fraud?


Being targeted for a Medicaid fraud investigation is never fun... we know.

However, they can be initiated for a number of reasons. The Human Resources (HRA) have an array of investigators who look over many databases that contain New York State records. Investigators can obtain documents such as your DMV records, your NY state real estate records, NY licensing records, bank account information, business records, and payroll records.

If you are targeted for Medicaid fraud you most likely had conflicting information on your Medicaid applications that are different when cross referenced with other information pertaining to you. It is also possible that a whistleblower reported fraud.

If you have any further questions concerning Medicaid fraud, please don’t hesitate, contact the Law Office of Inna Fershteyn at 718 – 333 – 2394. We are conveniently located on Voorhies Ave right next to the B and Q trainstation. For more information visit our website, www.BrooklynTrustandWill.com
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Languages: English, Russian speaking attorney

Areas of Practice: Estate Planning, Asset Protection, Medicaid Fraud Investigations, Medicaid Planning, Wills, Trusts, Elder Law, Will Probate
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Law Office of Inna Fershteyn and Associates, P.C.
1517 Voorhies Avenue, 4 FL
(718) 333-2394


Monday, November 28, 2016

10 Ways to Stay Productive

Whether we like it or not, we all procrastinate at some point whether it's putting off household chores or preparing for that presentation in the morning. Here are some of the best ways to stay productive.

1. Stay Positive

It is important to stay positive because it helps you stay focused on the reward of the finished product. Positive thoughts keep you in control and keep you in a good mood. Being in that state of mind leads to success in productivity.

2. Make Deadlines

Setting deadlines can help keep you on task. It helps you manage your time and finish your tasks in an appropriate manner.

3. Stay Active

Exercise has been proven to increase productivity. It helps you stay energized. Energy can fuel you into get more things done and keeps you in a better mood.

4. Establish Your Strengths and Weaknesses

Acknowledging what you are good at and what you need to work on is vital because it helps you see how you can use your time wisely in order to expand productivity. It indicates which areas you need to put more effort into and which ones you do not.


5. Take Care of Yourself

  
Things like eating regularly and getting enough sleep is essential to staying productive. Taking care of yourself keeps you in the right state of mind. It also keeps you sharp and in control.

6. Set Goals

  
Setting realistic and attainable goals keeps you on the right track. Tracking your progress allows you to monitor your performance.

7. Learn from Your Mistakes

Learning from your mistakes gives you self awareness. It promotes self growth and builds your confidence after you've recovered from failure.

8. Create To-Do Lists

Making daily to-do lists helps you manage and accomplish things throughout the day. You can use these lists to prioritize your tasks. Seeing the things you've already accomplished makes you more inclined to be productive.

9. Take One Step at a Time

Trying to get everything done all at once can be overwhelming. Try to do things in steps when completing a complicated or long task.

10. Avoid Distractions

Distractions are detrimental to productivity. Things like cell phones, social media, and television only prevents you from doing your work and only enables you to procrastinate. Try your hardest to stay away from anything that takes away from your productivity.

Life is short, so end your procrastination! If you want to be productive in life, you need to take control and prepare for the unexpected. At the Law Office of Inna Fershteyn, we do just that. We want to help you and your family have a lively and productive life by helping you plan your future through our trusting legal services. For more information call us at (718) 333-2394 or visit our website, BrooklynTrustandWill.com