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Family Comes First: Operation Babylift

Family Comes First: Operation BabyliftOver the past nine seasons of Family Comes First™, we have been blessed to meet amazing individuals and families with extraordinary stories. Often on our show, we like to follow up with a former guest to update our viewers as to where they are now.

On this brand new episode of Family Comes First™, “Operation Babylift,” we reacquaint you with Lana Noone. Lana was on our show back in 2009, during the second season of Family Comes First™.  Lana and her late husband, Byron, were pioneers for international adoption on Long Island, New York in the 70s.

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If There is No Last Will and Testament, Who Will Inherit Your Estate?

Last Will and Testament - If There is No Last Will and Testament, Who Will Inherit an Estate?When it is said that a person has died intestate, it means that they died without leaving a Last Will and Testament. A Last Will and Testament is among the documents we call, “the four must-have legal planning documents.” The other three documents include: Durable Power of Attorney, Health Care Proxy, and Living Will.

The purpose of a Last Will and Testament is to express your wishes and identify who is to receive your property and assets upon your passing. It is imperative to complete a Last Will and Testament if you want to have a say on who receives your assets when you are no longer with us.

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Family Comes First: Listening to the Deaf

Learning that your child has hearing loss can be a very emotional discovery.

Parents are often overwhelmed with many emotions. They must quickly learn a great deal about how to best help their child. Oftentimes, parents don’t know where to turn for information and support when they learn their child is deaf or hearing impaired.

On this brand new episode of Family Comes First “Listening to the Deaf,” we learn about two families who each have a child with hearing loss, and hear from the schools that support them.

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How Should I Store my Tax Records?

Tax Records - How Should I Store my Tax Records?As tax preparers, we see all kinds of taxpayers—organized, not organized, and some in the middle. Whether you come prepared with an accordion folder of neatly organized documents or an old shoe box with scraps of paper, you should be cautious in the way you keep your tax records.

Stories and warnings of identity theft, financial fraud, and scams are an everyday occurrence; these instances are a real concern to millions of Americans. The rise of identity theft, fraud, and scams should caution us to evaluate how we store our important data, such as our tax records.

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How Long Should I Keep my Tax Returns?

Tax Returns - How Long Should I Keep my Tax Returns?Tax season is fast approaching and many taxpayers are reviewing their paperwork to figure out what documents are necessary and what can be discarded. This can be a daunting experience that leaves many with the question: how long should I keep my tax returns?

The length of time you should keep a tax-related document typically depends on the action, expense, or event which the document records. Generally, you should keep your records until the statute of limitations runs out.

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Benefits of the IRA Trust aka “Retirement Trust”

Russo Law Group, P.C. is pleased to share this article on behalf of guest author Michael Gilfix. 

Benefits of the IRA Trust aka “Retirement Trust”The IRA Trust is the preferred method to give the beneficiaries of your retirement account protections that are otherwise not available to them.

Why use the IRA trust? Rather than simply naming beneficiaries for your IRA accounts, we strongly recommend that we instead prepare one or more IRA trusts to protect your beneficiaries, who are perhaps your children and grandchildren.  There are four good reasons why this makes sense.

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Obama Administration Announcement: Overhaul of Current Nursing Home Standards

Obama Administration Announcement: Overhaul of Nursing Home StandardsMany nursing home facilities in the United States receive funding from Medicaid and/or Medicare. Those facilities which do receive federal funds are regulated by federal law. These laws are the basis for all nursing home residents’ quality of care, rights, quality of life, etc.  Additional protections can be put in place by individual states, however, states cannot diminish the protections mandated by federal law.

The Nursing Home Reform Law, the primary federal law for nursing homes, passed in 1987 has never been substantially re-written, only modified. In September, 2016, the Centers for Medicare and Medicaid Services (CMS) issued the first major overhaul of federal nursing home regulations in 25 years. The new regulations will be implemented in three stages: Phase 1 on November 28, 2016, Phase 2 on November 28, 2017 and Phase 3 on November 28, 2019.

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