Do I owe taxes on my inheritance? As qualified NY estate planning attorneys, this is a common inquiry from our clients. The short and sweet answer is that inheritances are not generally considered income for federal tax purposes. With that…
A Durable Power of Attorney (DPOA) is a legal document allowing a person (referred to as the principal) to delegate authority related to legal and financial matters to another person or persons (referred to as the agent). Durable powers of attorney are…
Russo Law Group, P.C. is proud to announce our new Partner Diana Lattanzio, Esq. Diana brings over 20 years of experience to Russo Law Group, P.C., where she focuses on elder law, Medicaid planning, estate planning, special needs planning and…
A recent study has shown that when patients with early Parkinson’s disease who respond to drug therapy also receive deep-brain stimulation from an implanted medical device, they are more likely to gain improvement in their symptoms and quality of life…
Within the family, caring for elderly relatives comes naturally. The love and care many adult children receive growing up become reciprocal, particularly in the case of their aging parents. But with the advent of longer lives, it is not uncommon…
There is no doubt that contemplating our own death is one of life's greatest challenges. Yet it is crucial to think carefully about the medical treatment we would want at the end of life. Medical technology can now keep us…
Watch “In The Legal Know” with Vincent J. Russo on CFN Live! Vincent appeared on CFN Live on Enero 10th, 2023 to discuss “Do You Know Who Owns Your House?” https://www.youtube.com/watch?v=_PeHZKOXFO8&feature=youtu.be Vincent J. Russo discusses the different types of…
This originally aired on the Catholic Faith Network's show CFN Live: https://youtu.be/_PeHZKOXFO8 You may be surprised to hear, but in my law practice, when I ask the client, “How is your home owned?”, some clients respond I own the house,…
La notarización a distancia fue autorizada en el Estado de Nueva York de conformidad con la sección 135-c de la Ley Ejecutiva, a partir del 25 de febrero de 2022. El 31 de enero de 2023, los notarios que deseen prestar servicios notariales a distancia tendrán que registrarse en el Departamento de...
2023 PENSION BENEFIT FIGURES WARTIME VETERAN REVISED JANUARY 30, 2023 TYPE OF BENEFIT Maximum Annual Pension Rate (Income Limit) Monthly Maximum Annual Pension Rate (Income Limit) Service Pension $16,037 $1,336 One dependent $21,001 $1,750 Housebound $19,598 $1,633 One dependent…