Margaret M. Mahon, Esq., LLC

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Tax Attorneys, Elder Law Attorneys, Mediation Services

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(732) 530-6626Visit WebsiteMap & Directions210 Broad St Apt BRed Bank, NJ 07701 Write a Review

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Mon - Fri:	9:00 am - 5:00 pm

Margaret M. Mahon, Esq., LLC

Child Support
The executor can distribute estate assets to inheritors only after debts and taxes are paid. The executor must also check before distributing assets to ensure that an inheritor has not been determined to be delinquent in child support payments. When the executor has paid all required estate debts and filed any necessary tax returns, he or she can then distribute assets to beneficiaries. When all of these tasks have been accomplished, the court will relieve the executor of his or her duties. Working with a beneficiary attorney can help you ensure you are following proper protocols.

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Email: Law Firm E-mail
Extra Phones: Fax: (732) 530-1184
Payment method: check, cash, all major credit cards
Other Link: Estate, Elder and Tax Law Firm
Categories: Tax Attorneys, Elder Law Attorneys, Mediation Services, Wills, Trusts & Estate Planning Attorneys

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Phone: (732) 530-6626

Address: 210 Broad St Apt B, Red Bank, NJ 07701

Website: Estate, Elder and Tax Law Firm

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Margaret M. Mahon, Esq., LLC

Child Support
The executor can distribute estate assets to inheritors only after debts and taxes are paid. The executor must also check before distributing assets to ensure that an inheritor has not been determined to be delinquent in child support payments. When the executor has paid all required estate debts and filed any necessary tax returns, he or she can then distribute assets to beneficiaries. When all of these tasks have been accomplished, the court will relieve the executor of his or her duties. Working with a beneficiary attorney can help you ensure you are following proper protocols.
Spousal Support

Business and Corporate Law

Limited Liability Companies

Medicaid Planning
With the skyrocketing costs of long-term healthcare, many older adults not only worry about being in a nursing home but how they will pay for it. Medicaid planning helps you preserve your assets and reduce the financial burden of a nursing home or home care. Margaret M. Mahon, Esq., LLC thoroughly understands the complicated Medicaid eligibility requirements and guides clients through every step of the process. Our goal is to give you the peace of mind that comes with knowing that your medical needs will be met and that your legacy is protected.

Trusts and Estates

Estate Planning
Our practice consists of providing a valuable, personalized service for every client. We listen to each client to determine what their goals are and how to best accomplish these goals. Every client is different. We get clients to consider things they may not have thought of. Our advice is based on extensive knowledge and experience in this area. Estate planning, estate administration, and elder law are the core of the firm’s practice, not a side service. Our principal attorney, Margaret Mahon, has an LLM in taxation with a specialty in estate planning. She is part of a nationwide network of estate planning professionals through Wealth Counsel and consistently participates in continuing legal education courses to estate abreast of changes in this complex area.
Wills
If a deceased person named you to serve as Executor in his or her will and probate is necessary, you will go to the Surrogate’s Court and request to be formally appointed as Executor of the estate. This can occur as soon as 10 days after the death. You will need to provide the will and obtain and provide a certified copy of the death certificate. If the will is not “self-proving,” then one of the two witnesses who watched the deceased person sign the will and who signed the will themselves must appear in court or submit a sworn statement.
Trusts
Irrevocable living trusts: An irrevocable trust cannot be revoked or terminated by you. If you create an irrevocable living trust, once you sign over an asset, it belongs to the trust and is no longer owned by you. However, you can name yourself the trustee and maintain control of the trust. The advantage of an irrevocable trust is the tax protection it provides for your estate and, after the five years has passed, from consideration for Medicaid eligibility. A testamentary trust is an irrevocable trust.
Power of Attorney
Whether due to a tragic accident, a medical condition or simply the aging process, there may come a time in your life when you can no longer make decisions. Margaret M. Mahon, Esq., LLC guides clients through the process of creating durable powers of attorney and healthcare directives. With sensitivity and an attention to detail, we work diligently to create a legally enforceable document that meets your needs and protects your best interests in the event of incapacity. For a consultation with an experienced Monmouth County elder law attorney, contact Margaret M. Mahon, Esq. LLC.
Probate

Tax Law
Margaret M. Mahon, Esq., LLC has the experience and skill to review your commercial, real estate, and personal documents to determine your true tax liability and advise you on how best to proceed to reduce or eliminate certain obligations. We are equipped with a deep understanding of federal and New Jersey tax law and how it applies it to your unique circumstances. To discuss your tax situation with an experienced tax law attorney, contact Margaret M. Mahon, Esq. LLC.

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