In 2015 the Individual Retirement Account (IRA) as we know it turns 40 years old. Many who were familiar with IRAs in the beginning probably cannot believe how things have changed in 40 years. Throughout the past 40 years, IRAs…
This update provides new Medicare Figures for 2015. This is the second of a four part series of updates for 2015. Medicare PART A: Hospital Services Inpatient hospital deductible $1,260/illness Daily co-insurance $0/day 1-60 $315/day 61-90 $630/day 91-150…
As our aging population begins to enter retirement in record numbers, more and more seniors will face the question of how to handle their changing health needs. One decision that will need to be made is whether to reside in…
Teenagers today have cars, laptops, smartphones, tablets, and any other gadget or gizmo you could imagine. So, why not an estate plan? When your child or grandchild turns 18 years old there are a few important events that take place…
Going through a divorce can be an overwhelming experience. There are so many legal and financial decisions that one must make during a period of emotional turmoil. During this chaotic time, many people don’t think about the important estate planning…
Given the fact that 43 million people in the United States are currently caring for someone over 50 years old, there is no denying that our population depends on family support for our seniors. And providing this care is expensive…
Not too long ago, companies such as Apple and Facebook made headlines for paying the expenses of their female employees to freeze their eggs. Chances are, when hearing about this news, you didn’t think it could have an effect on…
Yesterday, Congress passed the Achieving a Better Life Experience Act of 2014 (ABLE Act). The ABLE Act will create tax-favored accounts for children and adults whose disability occurred before the age of 26; a step in the right direction to helping…
The holiday season is a busy time of year for charitable organizations to solicit support. As long as there are individuals in need or causes to support, there will be charities that are worthy of that support. But before you decide to…
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…