New York residents who have a complex estate or a blended family might wish to set up a revocable living trust. There are some reasons why this could be a good idea. The distribution of assets pursuant to a will requires in most cases a lengthy probate process. Life...
Basic estate planning for same-sex couples
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jul 19, 2016 | Estate Planning
Since the U.S. Supreme Court affirmed the legal status of same-sex marriage in June 2015, LGBT families in New York might find that their estate planning can now follow the routes taken by opposite-sex couples for years. To create a basic estate plan, a person should...
Financial planning for a special needs child
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jul 12, 2016 | Estate Planning
New York parents may worry about the future of a special needs child, especially as they consider the life that child will lead after they are gone. An estate plan can help in preserving assets to address those needs, but failure to plan carefully could leave...
How a will might be challenged in court
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jul 6, 2016 | Estate Planning
New York residents may have heard of a person's will being contested but might not know what is involved in the process. A will can be contested after it is admitted into probate. There are strict time periods within which such a challenge can be mounted, and they...
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