In making the decision to meet with an estate planning attorney to create a Last Will and Testament, you will need to decide who to nominate as your Executor. Among other responsibilities, your Executor is the person that will be responsible for making sure that your assets are distributed in accordance with your expressed wishes…. Read More »
The week is coming to a close and The Russo Team has made some great strides. We have implemented a huge software update to help our staff operate with the most current and secured software. Our IT support has worked around the clock to make sure this was a smooth and un-interrupted process. Our staff… Read More »
A trust identification number is a number that identifies a trust, like any other legal entity, for tax purposes. You need a trust identification number in order to put assets into your trust. Your trust identification number will always be either 1) the Grantor’s Social Security Number, or 2) a number issued by the IRS,… Read More »
Thank you for participating in our 21st Annual Swingin’ Fore Theresa Golf Outing & Gala Reception to show your support for the Theresa Foundation A Special Thank You to our Wonderful Sponsors! We appreciate those who purchased raffle tickets and participated in our live and silent auctions. Congratulations to Frank Garibaldi, Jr. on winning this year’s… Read More »
Estate Planning with S-Corporations With the federal and New York state tax exemptions being so high ($11.18 million and $5.25 million, respectively), clients with family businesses held in an S-corporation are less focused on reducing estate taxes and are more focused on avoiding probate and reducing future capital gains tax through obtaining a basis step-up…. Read More »
Date: Aug 15, 2018 Time: 10:00 AM – 11:30 AM Location: Alzheimer’s Disease Resource Center Address: 45 Park Avenue, Bay Shore, NY 11706 Join Frank L. Buquicchio, JD, CELA, CAP for this Free Educational Seminar and Learn: How to Access Quality Long Term Care How to Pay for Long Term Care How to Protect your Assets and… Read More »
What is the IRA Charitable Rollover and how does it work? The Individual Retirement Account (“IRA”) Charitable Rollover is a “Qualified Charitable Distribution” which allows the IRA owner, who is 70 ½ or older, to make tax free gifts of up to $100,000, directly from the financial institution holding the IRA to qualified public charitable… Read More »
Join Us For An Upcoming Seminar: How to Protect Your Home and Avoid Probate – The Methods Used to Avoid Probate – How a Trust Can Protect Your Home – When to Use an Irrevocable Trust Versus a Revocable Trust Date: Jun 26, 2018 Time: 6:00 PM – 7:30 PM Location: Alzheimer’s Disease… Read More »
Losing a loved one is difficult. When preparing and filing a deceased taxpayer’s final Form 1040 (U.S. Individual Income Tax Return), it is important to consider more than just who can sign the tax return on behalf of the deceased taxpayer. So, here are ten tax tips for the preparation and filing of a deceased… Read More »
Announcing a New Collaboration Between the Alzheimer’s Disease Resource Center, Inc. & Russo Law Group, P.C. What? Please join us for a networking event on Thursday, June 21st, 2018 The Russo Law Group, P.C. is proud to announce the opening of our new satellite office in Bay Shore, NY! We would like to invite you for… Read More »
As Elder Law attorneys we are keenly aware of the many serious issues that impact the senior citizen population. We take great pride in being advocates for our senior clients and strive to educate our clients and the general population on these issues. Time and time again, our senior citizens and their families face… Read More »
In New York State, in order to contest a person’s Last Will and Testament, the challenger must have the right to do so. This right is known as “standing”. A challenger has standing under the following circumstances: When he or she has been named as a beneficiary in the will or a prior will; or… Read More »
Join Us For An Upcoming Seminar Keeping it Simple: Elder Law 101™ – The Four “Must Have” Legal Documents – Planning for Long-Term Care (Medicaid) – How You Can Protect Your Residence – How to Protect Your Life Savings Thursday, June 14th 12:00 – 1:30 PM (Lunch will be served) Billy’s Beach Café 222… Read More »
A homestead is defined by Medicaid as the primary residence occupied by the applicant, the applicant’s spouse, or the applicant’s minor, disabled or blind child. A homestead is exempt for purposes of Medicaid eligibility under certain circumstances. The law limits that the applicant’s net equity in the home must be valued at or below $858,000… Read More »
Join us for our 21st Annual Swingin’ Fore Theresa Golf Outing & Gala Reception June 28, 2018 North Hills Country Club Gala Reception 5:30 p.m. – 7:00 p.m. Included Green Fees – Golf Cart – Awards The Swingin’ Fore Theresa Golf Outing, to be held on Thursday, June 28th, is an annual fundraising event to benefit… Read More »