2024 New Years Resolutions
It is that time of year for New Year Resolutions. A tradition in which people resolve to continue good practices, change an undesired trait or behavior, accomplish a personal goal or others improve their behavior.
2024 Standard Protections for Spouses of Medicaid Applicants
Each fall, the Centers for Medicare & Medicaid Services (CMS) renews the federal guidelines that seek to protect individuals whose spouses are applying for or receiving Medicaid long-term care benefits. These protections, known as the Spousal Impoverishment Standards, help to support…
What Will Your 2024 Social Security Benefits Look Like?
In 2023, recipients of Social Security benefits saw the biggest increase in decades in their monthly checks. Although their payouts will indeed rise again in 2024, the cost-of-living adjustment (COLA) will be more modest – just 3.2 percent, versus the nearly…
Why Hire an Elder Law Attorney?
Elder law attorneys may specialize in estate planning, incapacity planning, and end-of-life care for seniors. They also help older adults remain in their homes as they age and protect them from abuse. These practitioners are essential because they work to…
Retirement Contribution Limit Adjustments for 2023
This is a reminder, with a few days left in the year, to make sure you take advantage of your retirement contributions. In October 2022, the Internal Revenue Service (IRS) announced contribution limitation adjustments for employee retirement plans in response…
Vincent Russo on CFN Live: “Year End Charitable Giving: IRS Tips”
Watch “In The Legal Know” with Vincent J. Russo Vincent appeared on CFN Live on December 20th, 2023 to discuss“Year End Charitable Giving: IRS Tips” https://youtu.be/-YLyiKnZyFg Vincent J. Russo discusses how to maximize gifts with IRA funds, what you need…
Year End Charitable Giving: IRS Tips
This originally aired on the Catholic Faith Network’s show CFN Live: https://youtu.be/-YLyiKnZyFg It is that time of year. There are just a few days left for charitable giving in 2023. Believe it or not, on December 16th, the IRS issued…
SSA Announces 12 New Compassionate Allowance Conditions
The Compassionate Allowances program helps the Social Security Administration (SSA) identify people living with rare and serious medical conditions that render patients disabled. According to SSA Acting Commissioner Kilolo Kijakazi, the Compassionate Allowances program is the SSA’s way of “reducing barriers…
Vincent Russo on CFN Live: How can a Supplemental Needs Trust Protect Assets for a Child with Special Needs
Watch “In The Legal Know” with Vincent J. Russo Vincent appeared on CFN Live on December 14th, 2023 to discuss“How can a Supplemental Needs Trust Protect Assets for a Child with Special Needs” https://youtu.be/lKcsEZXENoI Vincent J. Russo discusses Third-Party Supplemental…
Understanding the Role of a Supplemental Needs Trust
This originally aired on the Catholic Faith Network’s show CFN Live: https://youtu.be/lKcsEZXENoI What should parents of a child with special needs be thinking about when it comes to their estate plan? The number one concern of all parents is making…