Henry Montag, CFP, CLTC, is a guest author for the Russo Law Group blog. If you purchased your Life Insurance anytime from the mid 80’s through 2005 there’s a 45% chance that the type of life Insurance you purchased was…
When we are young, we tend to think that we are invincible. As we age, we find out that taking care of ourselves is more important than ever. Normal aging affects our bones, joints and heart. For this reason, preventative…
On July 28, members of our Peace of Mind (POM) program joined partners, Vincent J. Russo and Deanna M. Eble at the Milleridge Inn for our annual POM luncheon. During our POM client appreciation event, Mr. Russo discussed changes under the Trump…
Couples in their 60s may be found discussing upcoming vacations, their children and potential home improvements. However, there is one vital subject that is often ignored: their future retirement. Failing to discuss important details of retirement such as, where and…
The election of Donald J. Trump surprised most voters. Some were elated. Some were shocked. Many knew or believed that they knew how the new president would proceed and which issues he would address. Since his election, there’s been more…
On Wednesday, June 14, 2017 we had over 110 health care professionals join us at our 26th Annual Elder Law Conference for Health Care Professionals at The Fox Hollow in Woodbury, NY. Health care professionals were invited to join us…
In our culture, driving is a symbol of independence. Those who drive want to be able to do so for as long as possible. However, as our loved ones age, there may come a time when they need to stop…
When speaking with a potential new client about coming in to complete planning, we always discuss any advance planning they may have already completed. Often times when they already have advance directives and a will, they think it is a…
Many seniors and those with disabilities need Medicaid to cover home care costs, which allow them to remain in their own homes while receiving care. If the American Health Care Act becomes law, what impact will it have on seniors?…
Attorneys who advocate for seniors and the disabled often cite a specific event or personal relationship as their inspiration. Amos’ aha moment came early in his career, when his mother-in-law told him she was selling her home. Asked why, she responded that she’d been told to do so by a man who was trying to sell her an annuity.
Amos investigated and discovered that the annuity was wholly inappropriate for a person in her situation and the sale of her home was unnecessary. Fortunately, Amos intervened before it was too late. He was able to structure his mother-in-law’s assets in such a way that she had enough to live on comfortably for the rest of her life. She was even able to put her grandson, Amos’ nephew, through college.