Failure to Plan – When someone passes away, the decedent’s planning and assets are captured in a “snapshot” that govern asset transfers and other events. With a proper plan, a person’s funeral, burial, transfer of assets, and post-death protections are executed consistent with their wishes. … [Read more...] about Top 10 “Elder Law” Planning Mistakes
Donor Advised Funds v. Private Foundation
Benefits of Charitable Giving In addition to giving back to the community, teaching a family good values, and feeling good about oneself, charitable giving has considerable tax benefits. Charitable contributions can reduce the tax burden at the end of the year. A gift to a qualified … [Read more...] about Donor Advised Funds v. Private Foundation
Medicaid 101 – Medicaid Pre-Planning: Protecting a Loved One Before They Need a Nursing Home
Posted By: Ken Russell | July 25th, 2019 In medicine, the saying goes, “an ounce of prevention is worth a pound of cure.” The same holds true for Medicaid Pre-Planning in order to protect your or a loved one’s assets from the devastating costs of nursing home care. As stated earlier in our … [Read more...] about Medicaid 101 – Medicaid Pre-Planning: Protecting a Loved One Before They Need a Nursing Home
Ken Russell Quoted In Barron’s Article: “Power-of-Attorney Abuse Can Drain Your Retirement Savings. Choose One Wisely.”
Posted By: Ken Russell | December 14th, 2020 Russell Law’s Ken Russell, Esq., was quoted in Barron’s November 15, 2020 Retirement Feature, “Power-of-Attorney Abuse Can Drain Your Retirement Savings. Choose One Wisely.” Durable power of attorney is one of the most important and useful documents … [Read more...] about Ken Russell Quoted In Barron’s Article: “Power-of-Attorney Abuse Can Drain Your Retirement Savings. Choose One Wisely.”
2020 Year in Review
Posted By: Ken Russell | February 27th, 2021 ESTATE PLANNING In the year of the Pandemic, Russell Law's Trusts & Estate Department combined mission with expertise, created new methods of service and took care of our friends, clients and even strangers in a time of uncertainty and need. In … [Read more...] about 2020 Year in Review
Tax Planning for 2020
More and more Americans are dying at home rather than in hospitals. According to the New England Journal of Medicine, in 2017 29.8% of deaths by natural causes occurred in hospitals while 30.7% ….. … [Read more...] about Tax Planning for 2020