On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jun 30, 2020 | blog, Estate Planning
New Yorkers who do not already have an estate plan in place should strongly consider getting one, even if their assets are minimal. Having an estate plan ensures that everything a person owns, including family heirlooms of sentimental value, goes to the intended...
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jun 15, 2020 | blog, Estate Planning
Estate planning is an important aspect of being fully prepared for the future. New Yorkers who have yet to create a will and other estate planning documents should be aware of the steps necessary to ensure that the document is valid. Failure to follow these...
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Jun 2, 2020 | blog, Trust & Probate Administration
When people in New York are writing a will, it is important to ensure that it is prepared correctly and that it does not contradict other elements of the estate plan. A will must pass through the probate process in most cases, but the process is usually faster than if...
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Apr 27, 2018 | blog
It is never easy to watch your parents get older. Facing the fact that your parents are aging may feel uncomfortable and intimidating. However, it is important to face this issue head-on and have some conversations with your parents about their finances and estate...
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Apr 13, 2018 | blog
It is important that estate holders select the best tools to carry out their estate plans. For those estate holders with large or complex estates, trusts are often beneficial options to keep assets from being tied up in probate. There are different types of trusts,...
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Mar 13, 2018 | blog
Beneficiaries are a major focus in your estate-planning strategy, and you want to make sure that upon your death the transfer of assets to them will be handled smoothly. One simple way to transfer certain assets and avoid probate is to have TOD- or POD-titled...
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Feb 23, 2018 | blog
If you are like many New York adult children who are helping their parents with estate planning issues as they age, you likely have talked to them about making their Last Wills and Testaments. If they have not yet done so, however, it will be helpful for you to know...
On behalf of McMahon Law Firm, Attorneys and Counselors at Law | Feb 9, 2018 | blog
Planning for the inevitable is not a very pleasant thing to think about. But if you fail to prepare for when your time will be up, your assets may not pass on to your heirs how you want them to. Not only can estate planning maximize the value of your estate, but it...
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...
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....
