Let Us Reintroduce Ourselves
As we welcome the New Year, we would like to remind you about the many services and practice areas available at Russo Law Group, P.C. Whether you have been a part of Team Russo for years or recently became a…
Essential Things to Know About Durable Powers of Attorney
A Durable Power of Attorney (DPOA) is a legal document allowing a person (referred to as the principal) to delegate authority related to legal and financial matters to another person or persons (referred to as the agent). Durable powers of attorney are…
Happy New Year: Secure Your Family’s Future with an Updated Will
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…
The 12 Days of Elder Law
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…
Social Security 2023 Update
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 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…
The Rising Cost of Elder Care: Exploring the Financial Crisis
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…
How to Navigate the Medicaid Transfer Exemption
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…
Unlocking the Benefits of Life Estate in Estate Planning
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…
Living Wills: How to Prepare Them
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…