April, 2015 | McMahon Law Firm, Attorneys and Counselors at Law

Responsibilities of an executor

On Behalf of McMahon Law Firm, Attorneys and Counselors at Law | Apr 27, 2015 | Trust & Probate Administration

Individuals in New York who are appointed the executor of a friend or family member's will may wonder what the role involves. An executor has a number of duties around inventorying and distributing assets and paying off debts. An executor must locate both the assets...

Estate planning basics

On Behalf of McMahon Law Firm, Attorneys and Counselors at Law | Apr 26, 2015 | Estate Planning

Creating an estate plan is crucial for people in New York who want to pass their assets on to their children or other beneficiaries. When a person dies without a will, the distribution of assets is governed by the state's law of intestacy, which may produce a...

The impact of a parent’s dementia on estate planning

On Behalf of McMahon Law Firm, Attorneys and Counselors at Law | Apr 14, 2015 | Care Planning

New York residents with aging parents may wish to know some of the potential difficulties that can accompany a parent's dementia. A dementia diagnosis may seriously affect numerous estate planning and long-term care issues. When a person has an elderly parent who is...

A look at debt relief options from consolidation to bankruptcy

On Behalf of McMahon Law Firm, Attorneys and Counselors at Law | Apr 8, 2015 | Estate Planning

Onondaga County residents who are looking into estate planning issues may be interested in how to handle a person's debt after death. The answer may change depending on the type of debt and other variables. When a person passes away while still owing money, questions...

Dean Smith’s estate planning acumen

On Behalf of McMahon Law Firm, Attorneys and Counselors at Law | Apr 2, 2015 | Estate Planning

New York residents will likely remember Dean Smith for his incredible coaching career that spanned 36 years and included two national championships with the North Carolina Tar Heels. However, recent disclosures indicate that Smith's was also astute in the area of...