Elder Law BrochureElder Law
What is Elder Law?
Elder Law is the practice of specially-trained attorneys who can help you protect your assets in the event of illness and dispose of your assets upon your demise, with a minimum of taxes and problems. Elder Law attorneys address long term care and estate planning needs of each individual based on his or her unique situation.
Read More...Medicaid Attacks Life Estates and Trusts Featured
Written by Vincent J. RussoNew York State has implemented new regulations effective September 8, 2011 that have “Expanded” Medicaid Estate Recovery.
In the past, New York State (NYS) was limited to recover against the estate of the Medicaid recipient as to assets passing under a Will or by intestacy (when there is no will). As a practical matter, generally, Medicaid recovery would occur when a Medicaid recipient retained ownership of his or her home while receiving Medicaid benefits. There are other restrictions on NYS as to Medicaid estate recovery which is not covered in this article.
It’s now been over five years since Terry Shiavo passed away in front of our eyes on the national stage.
Sitting on the beach, I wondered… how many grains of sand are there?
So, was it fair that Armando Galarraga of the Detroit Tigers did not get his perfect game.
It ain’t over til it’s over
– The great Yogi Berra
Time is on my side – Yes it is
Great lyrics by the Rolling Stones!
Hey boomers……interested in reaping financial success in your retirement years?
Consider converting your 30 year mortgage to a 15 year mortgage at the current low interest rates and build equity in your home for the future.
Also, you can take steps to protect your home if you should need long term care.
My Planning Tip of the Day is create a savings plan for your retirement years.
Our law firm can provide you with solutions.
Wishing you health and happiness!
This is Vincent J. Russo. Have A Great Day!
When Life gives you lemons, make lemonade.
I love this mantra –
On a recent trip to Sicily, we drove down a single road where we came upon a raven picking at a rat.
I quickly swerved around the rat as the raven flew away.
My father was having a cup of coffee with his buddies the other day.
Misplaced Priorities (The Deficit Reduction Act of 2005) Featured
Written by Vincent J. RussoThe Deficit Reduction Act of 2005 (DRA) is not part of a natural evolution of the Medicaid program that was created along with Medicare and the Older Americans Act in 1965 in order to prevent the elderly from living their final years in poverty. Instead, the DRA is an unnatural partisan product of those determined to scare boomers and their parents into purchasing long-term care insurance. It contains the most regressive and punitive changes to the Medicaid program since its creation. These new rules will hurt seniors, the nursing home industry, and may or may not drive boomers to purchase long-term care insurance out of fear from what their parents are about to experience. That remains to be seen. And certainly the ethical question of denying care to chronically ill older Americans and people with disabilities in order to strengthen the demand for a private sector product must be evaluated by policy makers and the American people in the years ahead.
Do You Have the Right Power Of Attorney? Featured
Written by Vincent J. RussoMany seniors have Powers of Attorney, but do you have the right one? This is a very important question because no one has the right to make financial decisions for you, unless you have legally appointed a person with the authority to act for you. The best way to give that legal authority is by executing a Comprehensive Durable Power of Attorney.