Medicaid and Your Stimulus Check
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…
How Are Inherited Assets Taxed When Sold?
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…
Understanding Estate Tax: A Guide for New York Residents
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…
The Impact of CMS Changes on Nursing Home Facilities
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…
COVID-19 Pandemic Estate Planning: How Can I Avoid Probate?
The COVID-19 Pandemic is a wake-up call for everyone to implement an estate plan, if you do not already have one, or to review your existing estate plan. As a result of the global health crisis, it is critical for…
How Do I Have Documents Remotely Notarized and Witnessed?
During this unprecedented time, we often find ourselves looking for ways to adapt and function to continue on with the tasks that still present themselves. In response to the continued need to have important legal documents notarized and witnessed, New…
COVID-19 Pandemic Estate Planning: Do I Need a Durable Power of Attorney?
The COVID-19 Pandemic is a wake-up call for everyone to implement an estate plan, if you do not already have one, or to review your existing estate plan. As a result of the global health crisis, it is critical for…
Estate Planning in the Age of COVID-19: Secure Your Legacy
The COVID-19 Pandemic is a wake-up call for everyone to implement an estate plan, if you do not already have one, or to review your existing estate plan. As a result of the global health crisis, it is critical for…
The Paycheck Protection Program: FAQs
The Paycheck Protection Program Frequently Asked Questions By: Vincent J. Russo Russo Law Group, PC (www.vjrussolaw.com) Dated: April 6, 2020 (update) There are so many small businesses desperately seeking information on how they can get assistance from the Federal…
What should I consider before making a gift? – Value of the gift
We typically advise clients to think of the value of the gift before making gifts. Let's take a look at why. Value of the Gift Although the annual exclusion from Federal gift taxes is $15,000, this doesn’t mean that you…