Law Offices of Irina Yadgarova PLLC Elder Law & Estate Planning

Law Offices of Irina Yadgarova PLLC Elder Law & Estate Planning Law practice specializing in Estate Planning, Elder Law, and Probate. We help people with Wills, Tr

09/18/2026

Don't wait until retirement to fix your estate plan.

Medicare deadlines, Medicaid planning, Social Security, powers of attorney, probate, and New York estate tax can create expensive consequences when overlooked.

The smartest move is handling these decisions before they become emergencies.

09/17/2026

Not every trust belongs in your estate plan.

The right trust depends on your age, wealth, family situation, and the specific risk you’re planning around. Good estate planning is about strategy, not collecting documents.

Choose the structure that fits your situation, not the one that sounds impressive.

09/15/2026

Not everyone needs an expensive, complicated estate plan, especially when their financial life is relatively simple.

A young adult with limited assets, no real estate, no children, and properly designated beneficiaries may have fewer planning needs.

That does not mean they should ignore incapacity planning, because a power of attorney and healthcare proxy can still be essential.
The right estate plan should match your assets, family situation, and potential tax exposure.

Good planning is not about buying every document available, it is about getting the right protection for your circumstances.

09/14/2026

Buying a parent’s property below market value may seem like a smart family deal, but the tax consequences can follow you for years.
Inherited property can receive different tax treatment than property transferred during the owner’s lifetime.

That difference can dramatically affect the amount of capital gain recognized when the property is eventually sold.

If the parents do not need immediate cash, estate planning may provide a more tax-efficient path than simply selling the home to the children.

Before transferring valuable real estate, compare the tax basis consequences of gifting, selling, and inheriting the property.

09/12/2026

Saving for retirement does not automatically mean you have to give up on Medicaid planning.

For eligible New York residents, tools such as pooled income trusts may help address excess income while preserving access to qualifying benefits.

That can make retirement savings an important part of the solution rather than something families should panic and liquidate.
The rules are highly specific, so withdrawing or transferring retirement assets without professional guidance can create unnecessary problems.

The goal is to coordinate retirement security with benefits planning instead of sacrificing one for the other.

09/11/2026

An inheritance can be separate property, but careless handling can change how that asset is treated later.

Putting inherited money into a joint account or mixing it with marital funds can create unnecessary complications during a divorce.
A separate trust can provide another layer of structure for preserving the inheritance according to your wishes.

But estate planning also has to account for what happens if you die before your spouse because inheritance protection and spousal rights are separate issues.

Protecting an inheritance requires consistency from the moment you receive it.

09/09/2026

Parents of a child with a developmental disability need to think beyond simply leaving that child an inheritance.

A direct inheritance can interfere with eligibility for important needs-based government programs.

A properly structured special needs trust can help provide supplemental resources without automatically putting those benefits at risk.
The planning also needs to consider whether the assets belong to the parents or directly to the individual receiving benefits.

This is one situation where the way an inheritance is structured can be just as important as the amount being left behind.

09/08/2026

Putting assets into a trust does not mean every debt automatically disappears after death.

The key distinction is whether an asset is part of the probate estate or passes outside probate through proper planning.
Assets that avoid probate can change how creditors approach the estate, but the outcome depends on the type of asset, the trust structure, and applicable law.

That is why trust planning should never be sold as a blanket solution for eliminating every debt.

The smarter approach is to understand which assets are exposed and structure your estate accordingly.

09/07/2026

A property that looks like a valuable inheritance can create a significant tax problem for the person who receives it.

The way a property is used, who lives there, and how ownership is structured can all affect the outcome.
That is why simply assuming a child can inherit a second home without additional consequences can be dangerous.

Trust planning may also help avoid a separate problem: leaving the property trapped in a lengthy probate or administration process.

Before transferring valuable real estate, coordinate your estate planning strategy with the professionals handling your tax and property matters.

09/04/2026

Not every asset should be transferred to your children using the same strategy.
Cash, investment accounts, and appreciated real estate can have very different tax and Medicaid consequences.

The right structure can preserve valuable tax treatment while helping you accomplish your long-term planning goals.

Your child’s financial situation also matters because giving assets outright can expose them to risks involving creditors, lawsuits, or financial instability.

Asset transfers should be designed around your entire estate plan rather than made as a quick solution.

Address

63-50 Wetherole Street
New York, NY
11374

Opening Hours

Monday 8:30am - 7pm
Tuesday 8:30am - 7pm
Wednesday 8:30am - 7pm
Thursday 8:30am - 7pm
Friday 8:30am - 2pm
Sunday 10am - 5pm

Telephone

+13476995529

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