Watch Vincent J. Russo Legal Correspondent on Catholic Faith Network’s CFN Live! Vincent appeared on CFN Live on September 22nd to discuss "New Legislation Protecting the Rights of New Yorkers with Disabilities" https://www.youtube.com/watch?v=k_ICtlanatg Vincent J. Russo explains why we…
Under current law, certain transfers of assets by a Medicaid applicant or recipient don’t result in any transfer penalties. An asset of any value or type can be transferred without penalty to children with disabilities regardless of age. The law…
The Right of Election of a surviving spouse of a New York decedent has been in existence since September 1, 1930. Prior to the enactment of New York’s Right of Election law, a surviving spouse possessed outdated dower and curtesy…
Senate Bill S4951A effectively amended the Surrogate’s Court Procedure Act (SCPA) § 1301 to increase the gross value of a “small estate” to $50,000. This change applied to estate administration actions and proceedings that began on or after November 25,…
When discussing estate planning and Medicaid planning, the phrase “life estate” is sometimes mentioned, but what does it mean? A life estate is a form of joint ownership of a property that allows one person to remain in the home…
A living will, also known as an advance health care directive, is a legal document that stipulates what actions you would like medical professionals to take if you become incapable of making decisions. A living will is crucial for all…
There is a widely held belief that during the estate administration process, a creditor must file a claim against an estate within seven months after issuing letters by the Surrogate's Court. This is a misinterpretation of the Surrogate's Court Procedure…
A guardian is someone who is appointed to make crucial decisions for another person who can't make those decisions on their own. This may involve guardianship for minors, an adult with intellectual or developmental disabilities, or an adult who becomes…
We all love getting gifts. But sometimes, receiving a gift today may cost you later in capital gains taxes. So, when it comes time to passing your assets to your children and other loved ones, you should understand the pros…
Each year, your family prepares a holiday meal with many traditional recipes. Some of those recipes become family favorites and add to incredible memories. Whether sitting around the table, lost in conversation, or grabbing a plate to watch football on…