If you have diligently searched through your deceased loved one’s financial records, tax returns, personal possessions, and safe deposit boxes, and you still cannot identify and locate your decease loved ones’ life insurance policies and annuity contracts, the National Association of Insurance Commissioners (NAIC) may be able to assist you. Search Request Form As a… Read More »
The Probate Process – What You Need To Know Marie Elena Puma joined Hilary Topper on her talk show, Hilary Topper on Air. During this show, Marie Elena discusses Frequently Asked Questions on Probate. Here are some of the questions she addresses during the show: What is Probate? When is Probate required? How to select an… Read More »
In New York, an executor is entitled to commissions for the services that he or she provided on behalf of the estate. It is important to review the terms of the decedent’s Will to see if there are any provisions regarding how the executor should be compensated. If there are no provisions regarding the executor’s… Read More »
A child’s very first account is likely a custodial account established at a bank, brokerage firm or with a mutual fund company. The goal is to provide for life milestones of the minor such as college or homeownership. Although the Unified Transfer to Minors Act (“UTMA”) provides an inexpensive and expedient arrangement for accumulating wealth… Read More »
Guardianships: A Practical Explanation Eric J. Einhart joined Hilary Topper on her talk show, Hilary Topper on Air. During this show, Eric discusses Frequently Asked Questions on Guardianships. Here are some of the questions he addresses during the show: What is a guardianship? When is it needed? What does a Guardian do? What is the… Read More »
As Elder Law attorneys we advise our clients to execute durable powers of attorney in order to ensure that someone they trust is authorized to manage their property in the event that they no longer have the capacity to do so. In the absence of a durable power of attorney, or if the durable power… Read More »
Family Comes First Season Twelve! Brand New Episodes of Family Comes First! Vincent J. Russo and Victoria Roberts Drogin are proud to announce the premiere of the Twelfth Season of their three-time Telly Award-winning show, Family Comes First. Join us for the next episode “Up Close & Personal with Victoria Roberts Drogin” on Monday, November 18th, 2019 at 9:30 am. Family Comes First™ episodes… Read More »
Today, many assets exist only in an electronic form. These digital assets can result in more complexity when settling a loved one’s estate. The Role of An Executor or Administrator The ordinary role of an executor or administrator is to collect the assets of the Decedent and distribute the assets to the beneficiaries of the… Read More »
Last night, members of our Peace of Mind (POM) program joined the partners and staff of Russo Law Group to celebrate an early Thanksgiving Dinner at the Milleridge Inn during our Fourth Annual POM Thanksgiving. This dinner, which is held annually for members of the program, is one of the many benefits that membership in… Read More »
If at the time of your death, you owned real property solely in your name and in more than one state, your Executor may be required to commence more than one probate proceeding. Ancillary probate may be required in order to transfer your out of state real property to your beneficiaries in accordance with the… Read More »
Wednesday, November 6 12:00-2:00pm Red Lobster 211 Old Country Rd #217 Carle Place, NY 11514 (Lunch) Register Here Tuesday, November 12 12:00-2:00pm The Irish Coffee Pub 131 Carleton Ave. East Islip, NY 11730 (Lunch) Register Here Seating is Limited. Online Registration Required. Register Online at vjrussolaw.com Contact: Ashley 516-393-3164
In my experience, one of the biggest concerns for clients, especially seniors, is that they do not want to lose their home to long-term care costs. An Example Recently I met with Sal. He has two children and always thought that when he passed his children would inherit the home that he and his wife… Read More »
Family Comes First Premiere of Season Twelve! Vincent J. Russo & co-host, Victoria Roberts Drogin are thrilled to announce the Season 12 premiere of Brand New Episodes of Family Comes First! Vincent J. Russo and Victoria Roberts Drogin are proud to announce the premiere of the Twelfth Season of their three-time Telly Award-winning show, Family Comes First. Join us for the… Read More »
Week in Review On October 20, Team Russo participated in the American Cancer Society’s Making Strides for Breast Cancer Walk at Jones Beach. This walk is the largest Breast Cancer Walk in the United States with 65,000 Participants and 1,229 Registered Teams! Overall, a total of $2.6Million was raised on Long Island alone! We can… Read More »
In New York, if an individual passes away without a Last Will and Testament, or if the Last Will and Testament is determined to be invalid, then the decedent’s assets will be subject to the laws of intestacy. Any assets held in the decedent’s name alone, without any beneficiary designations, joint owners with rights of… Read More »