A “life estate” is an ownership interest that a person retains in real property while transferring a remainder interest to one or more individuals.
Life estates are sometimes used as a planning technique by individuals who wish to safeguard their residence or other real estate.
The New York State Assembly and Senate recently passed Achieving a Better Life Experience (ABLE) legislation that will allow families the opportunity to set up tax-free 529A savings accounts for disability-related expenses. The legislation is currently awaiting Governor Andrew Cuomo’s…
There is no question that you would do anything to protect your child. You think about his future day and night. You want to make sure that you have a proper plan in place to provide for him when you…
Watch the law firm of Vincent J. Russo & Associates take the ALS ICE BUCKET Challenge I was recently nominated by my summer intern, Danny Mayper, to take the ALS Ice Bucket Challenge. I happily accepted and decided to challenge my staff to…
In the past week, we have had two cases in our office where Nassau County is making claims against the refusing spouse. For the past few years, we have not seen such claims being made. This may be a signal…