As technology continues to be an integral part of daily life, it is important to create a digital estate plan to provide for the security and management of your digital assets in the event of incapacity or death. By creating…
When implementing your Estate Plan, it is important to account for and address each asset that you own, even if it is in digital form. Cryptocurrency is encrypted digital currency, that does not exist as a physical record. Nevertheless, it…
Medicaid eligibility rules are complicated. Many people are confused by the lookback period. And often people aren't sure how asset transfers can make an impact when applying for Medicaid. The Lookback Rule New York’s law on Medicaid imposes a “look-back”…
On March 26th, we invited our Peace of Mind (POM) Members to attend a Virtual Beatles Tour of London. As you may know, the Managing Partner, Vincent J. Russo, is a huge Beatles Fan. This event was hosted by Gotham…
Long-term care costs in our area are very high. And, in some respects has increased dramatically in 2020. The rise in the cost of care was due in part to increased costs caused by the COVID-19 pandemic. For example, in…
Individual Tax Deadline Extended to May 17 for 2020 Returns The IRS and Treasury Department have announced that the deadline for filing individual 2020 returns has been extended from April 15, 2021 to May 17, 2021. "This continues to be…
The Federal Emergency Management Agency (FEMA) announced that it has allocated $2 billion dollars to reimburse families up to $7,000 dollars for COVID-19 related funeral expenses which were incurred after January 20, 2020. These funds have been made available under…
Nassau County Senior Citizen Coronavirus Hotline 516-227-9590 (Monday-Sunday 9:00am-4:45pm) VACCINATION HOTLINE FOR SENIORS Provided by Laura Curran, County Executive Nassau County is launching a designated hotline to answer senior’s questions about the vaccine and help them book an appointment. To…
A trustee serves a very important role in the care and control over the trust estate; therefore, the person or entity you choose to be your trustee is very important. A trustee holds legal title to the trust’s assets and…
If you own a home, you likely are already aware of homeowners insurance and its importance in insuring your residence. However, what insurance, if any, should you have on a rental property? A standard homeowners insurance policy in most cases…