When it comes time to receive an inheritance, most people usually have a good idea what they want to do with it. There are bills to pay, savings for retirement, and the kitchen or bathroom that needs to be remodeled…
Reverse mortgages will be more difficult to qualify for after March 2, 2015 In March of this year, new reverse mortgage rules are due to take effect that will impact the eligibility for seniors. A reverse mortgage is a loan…
A big congratulations to Vincent J. Russo who has yet again, been named the Best Lawyers' Elder Law “Lawyer of the Year” for the Tri-State Area (New York, New Jersey and Connecticut). Vincent has been honored in the Best Lawyers…
Tell us a little bit about your experience, firm's history and the areas of law that you practice. Vincent J. Russo & Associates, P.C. is a law firm dedicated to providing our clients with the highest level of professionalism, personalized…
People often ask, “Why should I hire a real estate attorney?” The answer is simple: experience. Purchasing and selling real property, whether a private home, condominium or cooperative apartment, is often one of the biggest financial endeavors one undertakes in…
Thanks to a statewide crack-down of abuse, homeowners who currently receive the Basic STAR Exemption will need to reapply for the exemption by December 31, 2013 in order to continue receiving the tax break. Homeowners can reapply online at www.tax.ny.gov…
I need money to pay my bills, should I get a reverse mortgage? A reverse mortgage allows seniors to convert home equity into cash as a loan. This is one option for seniors so they can remain at home. The loan…
Imagine this: You’re retired, your only significant asset is your home, you’re very close to your child or children, and you don’t want the cost of creating an estate plan. You think to yourself, what’s the harm of simply putting…