New York residents with significant art collections may want to think about the estate planning process. While there's often a significant financial value in art investments, most buyers develop a collection due to aesthetic and personal tastes. As such, a collector...
Tips for revising an estate plan after a divorce
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jan 21, 2019 | Estate Planning
It is important to revise and update an estate plan after major life events, and a divorce is one of them. New York residents should give a copy of the divorce agreement to the attorney who is assisting with the estate plan because they may still have certain...
Choosing the best person to be your medical power of attorney
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jan 16, 2019 | Firm News
When you were young, you probably did not give much thought to estate planning. After all, many New York residents wait until they reach middle age to begin the process. Failing to adequately address your end-of-life wishes, though, could leave you unprepared for...
The necessary elements of an estate plan
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jan 15, 2019 | Estate Planning
Getting an estate plan together may be a New Year's resolution for some people in New York. To start, an estate planner will need a last will and testament. This directs assets to beneficiaries. Before creating a will, however, one should review their assets and...
Traits of a quality long-term care insurance plan
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jan 7, 2019 | Firm News
Having insurance is a good choice to make, but selecting the right provider is even more critical. The wrong insurance provider may not provide the full coverage you or your loved one need when the time comes. In the case of long-term care insurance, the proper...
The benefits of creating an estate plan
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jan 7, 2019 | Estate Planning
An estate plan can be beneficial to anyone who lives in New York, regardless of their age or level of wealth. The first step in the process is to create an inventory of assets that may need to be transferred upon passing. These assets could include life insurance...
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