November Seminars: Elder Law 101

  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  

Are Gifts Made During My Lifetime Includible In My Estate For Estate Tax Purposes?

The answer to the question “Are gifts made during my lifetime includible in my estate for estate tax purposes?” depends on several factors.   Federal For purposes of the Federal Estate Tax, yes, any taxable gifts you make during your lifetime are includible in your estate. However, this does not necessarily mean that those gifts… Read More »

What are Letters Testamentary?

Sometimes when a loved one passes away, an individual who believes he or she inherited assets from the decedent will be told at a bank or financial institution that they will need “Letters Testamentary” in order to collect those assets. The question most people have at that point is “What are Letters Testamentary?”   Letters… Read More »

Does Medicaid Pay for Assisted Living?

Generally, the answer to this question is “No”. However, Medicaid does have a program, aptly named the “Assisted Living Program” (or “ALP”) that does provide Medicaid coverage for an assisted living.  There are a number of facilities in New York, and about a half-dozen or so on Long Island, in the ALP program. Most assisted… Read More »