Very often I hear from parents that they worked really hard for their assets and they would like to leave those assets to their children. Unfortunately, they tend to believe that the best way to transfer those assets to children…
Funding your Trust is critical to having a successful outcome to your estate plan. Goals of a Trust When an individual implements their estate plan, they usually have one or more goals they are looking to accomplish. For example, a…
En mis muchos años de ejercicio profesional, he comprobado que no todos los padres conocen todas las prestaciones a las que puede tener derecho su hijo discapacitado. La Seguridad Social dispone de prestaciones adicionales para los hijos adultos discapacitados (DAC) que...
The COVID-19 pandemic has had a devastating impact on adult care facilities, especially in nursing homes. New York Executive Order On Mayo 10, 2020, Governor Andrew Cuomo signed an Executive Order addressing concerns for the safety of residents in these…
A message from our Managing Partner, Vincent J. Russo, Esq. We cannot sit on the sidelines when facing the systemic racism that exists in our country. We cannot remain silent following the killings of George Floyd, Ahmaud Arbery, Breonna Taylor,…
COVID-19 has forced many of us to confront a scenario in which we are wondering what would happen if we suddenly became critically ill or, in some instances, unexpectedly and suddenly passed away. These scenarios may trigger a person to…
So, the stimulus checks went out. Now what? For those who received those funds, the hope was that you would be using the funds to help pay for things you need and in turn, that would help the economy. What…
There is a lot of confusion regarding what happens when inherited assets are sold. Let’s clear up the confusion as to the tax treatment of inherited assets by way of an example. An Example of How Inherited Assets are Taxed…
You have worked hard to accumulate assets so that you may pass your legacy to your family. There is no better time to talk to estate attorneys in New York about gift and estate taxes. A gift tax is a tax that…
In the current world of uncertainty, the words of Helen Keller ring true, “Alone we can do so little, together we can do so much”. With every day being so unpredictable, it is nice to see that the Centers for…