The recent Supreme Court decision in Obergefell v. Hodges has significant implications for same-sex married couples in New York and around the country. Now that same-sex marriages are legally recognized in every state, estate planning will be much simpler for millions...
Important advice about estate planning in New York
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jun 23, 2015 | Estate Planning
Estate planning is an important consideration for people in New York and across the U.S. Individuals planning for asset distribution need to bear numerous issues in mind as they make decisions while preparing wills. To have a full grasp on various strategies that can...
An examination of blind trusts
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jun 16, 2015 | Estate Planning
Some people in New York might want to set up trusts but do not understand the different types. One of these types is a blind trust, which is designed to conceal its assets and how they are being invested or managed from the beneficiaries of the trust. Rather, a...
Beneficiary designations important in estate planning – Part 2
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jun 11, 2015 | Estate Planning
Some New York individuals who are preparing for the distribution of their assets after they die may not realize that choosing their beneficiaries carefully can be as important as preparing a will. In fact, in some cases, the bulk of an individual's assets may be...
Estate tax changes
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jun 3, 2015 | Estate Planning
As some New York residents may know,the laws governing federal estate tax have changed. While estate planning is always important, reevaluating that plan on a routine basis is essential. Federal estate tax rules and regulations were modified in 2012. Ten years...
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