The concept of converting a traditional IRA to a Roth IRA has been around for a while. However, thanks to the SECURE Act, it may be a more beneficial retirement and tax planning strategy. The way the conversion typically works…
A Charitable Remainder Trust (CRT) is an irrevocable trust that allows a person to donate money to a charity while generating an income for either the donor or other beneficiaries with the remainder of the donated assets going to a…
If you inherit a traditional IRA after the enactment of the SECURE Act, or expect to inherit an IRA in the future, you should consider having a plan in place for withdrawals to avoid a big tax bill. Tax Liability…
The SECURE Act has received much buzz since it was signed into law on Diciembre 20, 2019, as it will likely impact the retirement and estate planning strategies of many Americans. The far-reaching law includes significant provisions aimed at increasing…
On Marzo 13, 2020, the New York State Department of Health issued guidance to Nursing Homes and Adult Care Facilities limiting visitation to medically necessary or end-of-life services. Further, the guidance canceled congregate meals and activities in health care facilities…
Russo Law Group’s Managing Partner, Vincent J. Russo, will be a featured contributor on the Catholic Faith Network’s new show CFN Live. Vincent will be the show’s sole Legal Contributor. In his segment, entitled “In the Legal Know,” Vincent will…
Oftentimes people are drawn to the ease of creating an online Will versus seeking the guidance of a qualified elder law attorney. But, before you go online, consider these five reasons why online Wills aren’t your best option. Proper Execution…
I always get Medicaid and Medicare confused – Can you tell us the difference? Distinguishing between Medicare and Medicaid can be confusing, but there are several key differences between the two. Medicare Generally, Medicare is available for people age 65…
Yesterday I spoke to Jill, whose mom and dad have been talking to their friends. They have mentioned to Jill that they are getting nervous that they need to do some Estate Planning. They know that many of their friends…
IEP is an acronym for Individualized Education Plan. It is a document required for any child over the age of three years old who qualifies as a student with a disability. Prior to three-years-old, a child with a disability will…