If you haven't decided on your 2023 New Year's resolutions yet, Russo Law Group has a few suggestions: This year, I am going to update my Last Will and Testament to provide more security for my family. This year, I…
After dealing with several waves of the Coronavirus, we’ve all anxiously awaited the official end to the pandemic. Unfortunately, the possibility of contracting COVID-19 remains a reality. However, as of September 2, 2022, funding is no longer available to provide…
Regardless of orientation, anyone can benefit from estate planning because it provides protection for loved ones. In the LGBTQIA+ community, estate planning can legally protect against discrimination even if others are reluctant to recognize your relationship and your desire to…
At Russo Law Group, P.C., we know our clients and their families will be singing traditional holiday songs. But the attorneys at our firm may be humming this popular tune with a few different words instead. We weren’t the first…
An annual survey conducted by Caring.com indicates that the number of Americans who have a will has only increased by 2.5 percent over the previous year. Overall, the percentage of those with a will continues to decline, 33 percent in…
Watch Vincent J. Russo Legal Correspondent on Catholic Faith Network’s CFN Live! Vincent appeared on CFN Live on December 1st to discuss "Don't Forget to Take Your RMDs!" https://www.youtube.com/watch?v=ncQeWIB2YQc Vincent J. Russo explains Required Minimum Distributions (RMDs), when to…
A charitable trust is an irrevocable trust that can benefit you and the charity you choose, while providing income to your heirs. If you are philanthropically minded with nonessential assets like stocks or real estate, a charitable trust can offer…
SOCIAL SECURITY 2023 UPDATE SSI FOR NYS RESIDENTS Individual $1,001/month Couple $1,475/month MAXIMUM TAXABLE EARNINGS Social Security (OASDI only) $160,200 QUARTER OF COVERAGE Earnings Required $1,640/quarter SOCIAL SECURITY DISABILITY THRESHOLD Substantial Gainful Activity (SGA) Non-Blind $1,470 Blind $2,460…
MEDICARE 2023 FIGURES MEDICARE PART A: HOSPITAL SERVICES Inpatient hospital deductible $1,600/illness Daily co-insurance $0/day 1-60, $400/day 61-90, $800/day 91-150 Skilled Nursing Facility (SNF) Daily co-insurance amount $0/day 1 - 20, $200/day 21 - 100 Part A Premiums For…
In the United States, getting the care necessary to age well and securely is expensive. Long-term care facilities and retirement communities cost staggering amounts of money, as do premiums to maintain a long-term care insurance policy. The long-term care system…