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Shannon P. McNulty

CFP®, J.D., LLM (Tax)
Personal Finance, Taxes, Insurance
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“Shannon McNulty assists families, individuals, and small business owners provide for their loved ones, protect their assets, and minimize their taxes.”
Firm:

Law Offices of Shannon P. McNulty LLC

Job Title:

Principal

Biography:

Shannon P. McNulty is an estate planning attorney in New York City and the founder of www.savvy-parents.com,  on online resource that helps parents with young children make smart legal and financial decisions for their families.  

Drawing on her legal, tax, and financial planning background, Ms. McNulty's law practice focuses on providing a holistic approach to estate planning.  She works closely with clients to provide a comprehensive plan to design a legacy that protects their children, transfers wealth to future generations, and minimizes intergenerational taxes.  A significant portion of her practice is dedicated to assisting individuals and families with international estate planning issues.

Ms. McNulty regularly serves as a consultant to other law firms on complex tax and international planning issues.  She has appeared on MSNBC as a legal commentator about celebrity estates.  

Before opening her own practice, Ms. McNulty practiced law at the New York-based law firms of Curtis, Mallet-Prevost, Colt & Mosle and Skadden, Arps, Slate, Meagher & Flom and completed a judicial clerkship for a U.S. District Court Judge of the Southern District of New York. 

Ms. McNulty received her LL.M. in Taxation from New York University School of Law and graduated cum laude from Georgetown University Law Center, where she served as an Articles Editor for the Georgetown Law Journal.  She has also earned the CERTIFIED FINANCIAL PLANNER™ designation from the Certified Financial Planner Board of Standards.

Ms. McNulty is a member of the Tax Law and Trusts and Estates Sections of the New York State Bar Association. 

Education:

LL.M., Taxation, New York University School of Law
J.D., Georgetown University Law Center
B.S., International Studies, University of Scranton

Fee Structure:

Fixed

Disclaimer:

The information provided by Shannon McNulty on this website is for informational and advertisement purposes only, and should not be construed as legal advice. Further, any viewing or transmission of data, correspondence, or use of the contact form does not constitute an attorney-client relationship with Shannon McNulty.

All Articles
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March 2017
    Estate Planning, Taxes, International / Global
April 2017
    Estate Planning, International / Global
June 2017
    Estate Planning, Taxes
October 2018

All Answers
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    Taxes
How do I file taxes for income from foreign sources?
50% of people found this answer helpful

If you are a U.S. citizen or a U.S. resident, you must report foreign source income on your U.S. income tax return. Foreign income is reported in the same way as other income, e.g., wages, interest, dividends, etc., on a 1040. You may avoid U.S. income tax on foreign source income if you qualify for the foreign earned income exclusion or the foreign tax credit. You must file IRS Form 2555 to qualify for the foreign earned income exclusion and Form 1116 to claim the foreign tax credit.

April 2017
    Estate Planning, Real Estate, Taxes
Do I have to pay taxes on income generated from a trust?
29% of people found this answer helpful
February 2017
    Estate Planning, Taxes
How are estate taxes allocated among multiple heirs?
20% of people found this answer helpful
February 2017
    Estate Planning, Taxes, Life Insurance
Should I have inherited life insurance benefits go directly to me instead of a trust for tax purposes?
17% of people found this answer helpful
April 2017
    Charity, End of Life
What are the easiest and most affordable types of charitable trusts to create and maintain?
0% of people found this answer helpful
February 2017