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 »
Blog Posts
Join Us For An Upcoming Seminar A Matter of Trust – How to Protect Your Home and Avoid Probate™
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 »
Can I Revoke My Irrevocable Trust?
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 »
Family Comes First Premiere of Season Eleven!
Family Comes First Premiere of Season Eleven! Vincent J. Russo & co-host, Victoria Roberts Drogin are thrilled to announce the Season 11 premiere of Brand New Episodes of Family Comes First! Protecting Our Children: Part One Premiere: Monday, October 29, 2018 at 1:30 PM Protecting Our Children: Part Two Premiere: Monday, November 5, 2018 at 1:30 PM In Darkness and… Read More »
The 1 (ok, 2) Document Your College Kid Must Have
I have a client who several years ago got one of those phone calls no parent ever wants to get. Her daughter, Susie, was a freshman at a college in upstate New York after having graduated in the top 10% of her class of her high school on Long Island, where she grew up and… Read More »
Upcoming Events From Russo Law Group, P.C.
Upcoming Events From Russo Law Group, P.C. A Matter of Trust – How to Protect Your Home and Avoid Probate™ Seminar Join us for this Free Educational Seminar: -The Methods Used to Avoid Probate -How a Trust Can Protect Your Home -When to Use an Irrevocable Trust Versus a Revocable Trust Seating is Limited. Registration… Read More »
Family Comes First™ Season 11 Premiere
Vincent J. Russo and Victoria Roberts Drogin are proud to announce the premiere of the Eleventh Season of their three-time Telly Award-winning show, Family Comes First. Join us for the premiere episode “Protecting Our Children Part 1“ on Monday, October 29th, 2018 at 9:30 am. On this special two-part episode, we learn first-hand the events that unfolded during… Read More »
Changes Coming to Medicaid and Managed Long Term Care
If you are receiving Medicaid benefits in the community (ie, getting care at home), you are probably enrolled with a Managed Long Term Care (MLTC) provider. The MLTC contracts with various home care agencies who provide the care. As part of the 2018/2019 budget, the New York State Department of Health (overseers of the program)… Read More »
How Much Is The Federal Estate And Gift Tax Exclusion Under The New Tax Law?
The new federal tax law entitled, “An Act To provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018,” which is commonly referred to as the Tax Cuts and Jobs Act of 2017 (hereinafter “TCJA of 2017”), has left many people questioning the amount of… Read More »
Help Us Support Theresa’s Fun Place! Donate to the 5K Run/Walk/Roll/Stroll
CP NASSAU 5K RUN/WALK TO BENEFIT THERESA’S FUN PLACE! Theresa’s Fun Place is a playground and park at the Children’s Learning Center on the campus of CP Nassau in Roosevelt, NY. In 2004, the Theresa Foundation provided major funding for the renovation and revitalization of the playground which was then named Theresa’s Fun Place in memory… Read More »
What Happens If The Executor In My Will Dies First?
If the nominated Executor in your Last Will and Testament dies, then you should meet with an experienced estate planning attorney to review and possibly update your will to account for the loss. If you do not update your Will, then, upon your death, the court could appoint the successor executor(s) that are nominated in… Read More »
Enter to win 2 tickets to see the New York Knicks take on the Golden State Warriors
The Theresa Foundation Presents… Enter to win: 2 Premium Seats to see the New York Knicks vs. NBA Champion Golden State Warriors Friday, October 26, 2018 | 7:30 PM 2 Seats – Section 104 | Row 6 | Seats 9-10 6 rows from the court $724.50 Value! The Golden State Warriors and New York Knicks… Read More »
What is a “Grantor Trust”?
In the simplest terms, a Grantor Trust is a trust that authorizes a grantor (the person who set up the trust) to retain certain powers with respect to the property transferred to the trust and the trust administration. These powers can include the power to revoke, amend, or terminate the trust, and the power to… Read More »
Veteran Benefits Alert!
Veteran Benefits Alert! Act Now Before October 18th -New Rules- Attend a Free Information Session Due to federal changes in the rules, it will be much more difficult to qualify for VA Pension Benefits on or after October 18th of this year. This means you could be prohibited from qualifying for VA pension benefits for up to… Read More »
Act Now! Sweeping Changes Coming to VA Benefits
Effective as of October 18, 2018, the Veteran’s Administration (VA) will be implementing significant comprehensive changes to the pension benefit rules. These rules were actually published back on January 2015 but have not been implemented until now. Some background first. The VA pension (often referred to as “Aid and Attendance”) is a monthly benefit payable… Read More »