On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jul 31, 2018 | Estate Planning
Parents in New York may have many issues to consider when creating an estate plan. If they intend to leave money to their children, it is important to think about when they should be able to access that money. Individuals have the option of making distributions from a...
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jul 25, 2018 | Estate Planning
Trusts can be an effective estate planning tool for New York residents. However, they may not always be needed. Furthermore, a trust could be constructed in a way that doesn’t meet a person’s needs. For instance, making a gift could reduce the amount of a...
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jul 24, 2018 | Firm News
If your parents are elderly and living in New York, you may worry that they will have to move to an assisted living facility or even a nursing home sometime within the next decade. Few people, likely including your parents, have the financial means to pay for such...
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jul 16, 2018 | Estate Planning
People in New York often rely on trusts for the flexibility and control they provide during the estate planning process. In addition to the detailed vision for the future of a person’s assets that trusts provide, they also enable people and their loved ones to...
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jul 12, 2018 | Estate Planning
Some people in New York who are creating an estate plan and have relatives with special needs might wonder whether a special needs trust might be an appropriate way to provide for those individuals. A trust is an estate planning vehicle that generally involves three...
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jul 8, 2018 | Firm News
There are numerous reasons why everyone, including individuals who do not have lots of assets, needs an estate plan. Such a plan benefits more than solely the rich because these documents help establish power of attorney and cause married couples to bring all their...
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jul 2, 2018 | Estate Planning
Trust planning professionals in New York and throughout the country should be aware that interest rates are likely to rise in the short-term. It is also likely that the past decade of low interest rates is set to gradually come to an end. Therefore, it is a good idea...
