Thinking about buying real estate property as a home or investment? Before you negotiate the terms and sign a contract, there are some important things to consider. By doing some simple, preliminary research, you will make informed decisions and circumvent avoidable issues.
Most pet owners think of their pet as a member of the family.
You love your pet and want to make sure that he will be taken care of after you pass away. After reaching that decision, most people are still unsure of what arrangements need to be made.
What is a pet trust?
A pet trust is a legal agreement to provide for the care of one or more pets in the event that the pet owner dies or becomes unable to care for them. New York State gives statutory authority for the benefit of pets under Estates, Powers, and Trusts Law, Chapter 17-B.
It is a little-known but important fact that receiving benefits of one kind can affect benefits of another kind, sometimes adversely.
Take the case of Sally and her son, Paul. Sally is a constant advocate for Paul, who has special needs. Paul is currently receiving Medicaid and Supplemental Security Income (SSI). Sally is also receiving Medicaid.
If you are getting divorced in New York then you should know that recent revisions to the Domestic Relations Law will impact the calculations to your maintenance payments.
If you are considered the “non-monied” spouse, then you may be negatively impacted by these changes and could receive significantly less in spousal maintenance payments as a result. However, if you are considered the “monied” spouse, then these changes may benefit you by capping your income, eliminating the application of enhanced earning capacities, and limiting the timeframe of maintenance obligations.
If you are a resident of Nassau or Suffolk County, then you have most likely heard complaints of how expensive it is to live here. According to recent reports, Nassau and Suffolk counties are the most expensive places to live in the United States (including Hawaii, NYC, San Francisco, and Washington D.C.).
Although six factors made up the rankings in these reports, including housing, taxes, health care, child care, transportation and “other necessities” such as food, the one factor that garnishes the most complaints is “taxes.”
Another complaint you may have heard about is traffic cameras that catch unsuspecting drivers speeding or committing other traffic violations. Many complaints have come from those drivers who have received tickets, and many of the complaints have argued that the tickets are “just a money grab for the county.”
We are proud to announce that Vincent J. Russo and has once again been named “Super Lawyers” on the “New York Metro Super Lawyers” list. The Super Lawyers website notes that “Super Lawyers is a rating service of outstanding lawyers…
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…
When you think about your future and where you might choose to reside in your old age, does New York come to mind? For many it doesn’t. Although, maybe it should. People usually associate New York with its negative attributes:…
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…