While many people in New York intellectually understand the importance of estate planning, many fail to take action. As a result, many New Yorkers lack even basic documents that indicate what they want to happen to themselves and their assets after they die or become...
Debunking 4 myths about wills
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jan 26, 2018 | blog
People need to keep close eyes on their wills throughout the years. Financial abuse related to wills has become increasingly common, and adults need to ensure they update their wills periodically even if no major life changes have occurred. It is important to review...
Bitcoins can be part of an estate plan
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jan 24, 2018 | Estate Planning
New Yorkers who are invested in bitcoins and other cryptocurrencies may be concerned about the future of their investments after their death. Because these are relatively new developments, many investors have not yet accounted for them explicitly in their estate...
How the tax law may affect some estate plans
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jan 16, 2018 | Estate Planning
Since tax reform passed in December, some people in New York might want to revise their estate plans to reflect the change in estate tax. While this is a change that will only affect very wealthy people, even those who do not need to worry about estate tax may want to...
Wills and the probate process
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jan 10, 2018 | blog
In many cases, a probate is essential to a will. The probate is the process that orchestrates the fulfillment of a testator's wishes for the distribution of assets. If you are the beneficiary of a will, it is important that you understand the probate process. There...
Including art collections in an estate plan
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jan 9, 2018 | Estate Planning
People in New York who are art collectors may want to include plans for their collection in their estate plan. Collectors may often procrastinate on dealing with art in their estate plan until it is too late. This could be because the collector is undecided as to who...
Approaching estate planning the right way
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jan 3, 2018 | Estate Planning
As is the custom each New Year's Day, individuals around New York will take some time to reflect upon the resolutions they have made for 2018. Estate planning happens to be one of those life situations that are seldom considered as New Year's resolutions, and this can...
Recent Posts
Archives
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- December 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014