The New York State Department of Health recently issued General Information Statement (GIS) 18 MA/15 which sets forth several of the 2019 Medicaid figures. Here are a few of them (as compared to 2018) – Minimum Monthly Maintenance Needs Allowance (“MMMNA”) – $3,160.60 ($3,090) Community Spouse Resource Allowance (“CSRA”) – $126,420 ($123,600) Resource limit… Read More »
The latest episode “Making Ends Meet“ aired on Monday, December 10, 2018 at 1:30 pm. In this episode, we addressed the basic needs of the working poor. Over 8.6 million Americans who struggle each day to survive. Our guests will discuss the different ways food pantries can help provide resources for people in need. We met Amanda… Read More »
Frequently Asked Question #1: What is the difference between a First Party Special Needs Trust and Third Party Special Needs Trust? Several factors should be considered when determining whether a First Party Special Needs Trust or a Third Party Special Needs Trust should be utilized when developing the appropriate plan for a beneficiary with special… Read More »
One of the most frustrating things as a Special Needs planning attorney is to have someone in my office doing planning and they tell me that they need to disinherit a family member because they are receiving some kind of government benefits. Their mindset is that they are looking out for that loved one, but… Read More »
Another year and holidays are approaching again. Growing up, my family celebrated Hanukkah. Hanukkah is a Jewish holiday celebrated for eight days and nights. Hanukkah story began in 168 B.C.E., where the Jewish Temple was seized by Syrian-Greek soldiers and dedicated to the worship of the god Zeus. This upset the Jewish people. They also… Read More »
“My mother has too much money, so I guess she has to pay privately for her home care”, Mary told me recently. As an Elder Law Attorney for over 17 years, I can tell you that I hear this almost daily. We live in such an on-demand world these days that we look to the… Read More »
Russo Law Group, P.C. is participating in a food drive to benefit Long Island Cares: The Harry Chapin Food Bank. In an effort to provide the most effective service to those they serve, the list below represents their top needed food items. Also, below is a list of additional items they look for. Please note, all… Read More »
So you own your home and you think that it will be transferred to your family upon your passing without going to court. But is that really the case? What does all of this mean? A house that is owned by spouses often makes such a reference (i.e. John Smith and his wife, Jane Smith)… Read More »
Three of our partners, Vincent J. Russo , Marie Elena Puma and Frank L. Buquicchio have once again been named “Super Lawyers” on the “New York Metro Super Lawyers” list. This is Vincent’s 12th year being recognized as a Super Lawyer, Marie Elena’s 3rd year and Frank’s 5th year receiving this honor, needless to say we are excited to share the news of their well-deserved accomplishment…. Read More »
The 29th Annual CP Nassau Long Island Festival of Trees Friday-Sunday, November 23-25, 2018 Holiday Extravaganza – This event is renowned for its spectacular array of designer-decorated trees and a gingerbread village. Features continuous live entertainment, Santa, vendor marketplace, children’s activities, Department 56 village and display, and more! All trees and gingerbread are for sale…. Read More »
It’s that time of year where we are celebrating with our loved ones and we are starting to make plans for what we want to do better or different in the coming year. Reassessing your estate plan should be at the top of that list. I have found that over the years, more and more… Read More »
Russo Law Group, P.C. is participating in a food drive to benefit Long Island Cares: The Harry Chapin Food Bank. In an effort to provide the most effective service to those they serve, the list below represents their top needed food items. Also, below is a list of additional items they look for. Please note, all… Read More »
As a planner, I sometimes hear things like: “I thought I could give my kids $10,000” “I’ll just sell my house to my children for $1” “Can I pay my grandson’s college tuition and not have to worry about Medicaid? “I will not give my daughter money to buy a car, I’ll just buy it… Read More »
Join Us For An Upcoming Seminar A Matter of Trust – How to Protect Your Home and Avoid Probate™ During this educational seminar we will address: – The Methods Used to Avoid Probate – How a Trust Can Protect Your Home When to Use an Irrevocable Trust Versus a Revocable Trust Tuesday, November 13, 2018 12:00-1:30 pm Alitalia Pizzeria… Read More »
When it comes to protecting your assets from the costs of a long-term illness, such as a nursing home, the Medicaid Asset Protection Trust is a staple planning technique. It is an effective way to protect your home (and other property) as well as certain liquid assets in the event you require long-term nursing home… Read More »