On behalf of McMahon Law Firm, Attorneys and Counselors at Law | May 29, 2018 | Estate Planning
No matter how much wealth New York resident may have, it is important that he or she develops an estate plan. An estate plan that is tailored to a person’s unique situation can provide him or her with more privacy, control and security of their legacy. In cases...
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | May 29, 2018 | Firm News
You knew your parents to be intelligent and financially savvy all their lives. You went to them when you had a question about a home loan or another difficult monetary issue. As such, you felt confused and frightened when you found out they were recently taken...
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | May 22, 2018 | Estate Planning
A New York resident who has assets to share with family members, charities or associates should plan the broad strokes of their estate plan before delving into the details of the paperwork. The estate holder should establish their goals for wealth, such as funding...
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | May 16, 2018 | Trust & Probate Administration
According to a survey from Wells Fargo, 20 percent of Americans who are 65 or older become victims of financial abuse. However, only 10 percent of people in that age group think that it can happen to them. Older New York residents may be more vulnerable to such abuse...
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | May 14, 2018 | Firm News
The best time to create estate plans is yesterday. Anyone can benefit from them regardless of age or financial status. However, life happens, and estate planning may not come up until the senior years for some folks, including your own parents. It is still not too...
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | May 7, 2018 | Estate Planning
A common mistake that people make when creating a trust is not picking the right person to oversee it. New York residents may prefer to have a bank or some other entity oversee it instead. These entities could have a greater ability to act as a fiduciary and have a...
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | May 4, 2018 | Estate Planning
New York residents who have significant assets to transfer to future generations may be lost as how to best do so. In some cases, it can be a good idea to give the money to charity. In others, it could be worthwhile to give assets to family members. Giving to charity...
