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Monthly Archives: January 2020

Do I need a living will?

Why a Living Will is Important

By Andre O. McDonald |

A living will is a legal document that lays out your preferences for life-sustaining medical treatment.  It is often accompanied by a health-care proxy or power of attorney, which allows someone to make healthcare decisions for you when you are incapacitated, and the living will does not have specific instructions for the situation at… Read More »

Can adult children be held responsible for their parents' nursing home bills?

Can adult children be held responsible for parents’ nursing home bills?

By Andre O. McDonald |

The astronomical expense of long-term nursing care is no longer news. Costs can run around $7,000.00 or more per month, depending on location. Hundreds of thousands of people presently need that kind of care and the numbers are rising. Ten thousand “baby boomers” a day turn 65, and it’s projected that seven of ten… Read More »

Understanding the risks of co-ownership of property

The Risks of Co-ownership of Property

By Andre O. McDonald |

Many individuals believe that co-owing property with relatives is a cheaper alternative to drafting a will or trust. While this may be true, this strategy has some inherent risks. While owning property with family may let you pass on the asset without going through probate, there are several risks – including taxes, creditor exposure,… Read More »

What you need to know about the serious impact of the SECURE Act of 2020

What You Need to Know About the SECURE Act of 2020

By Andre O. McDonald |

In 2019, Congress passed a bipartisan appropriations bill. As part of this massive spending bill, there is a piece of legislation known as the Setting Every Community Up for Retirement Enhancement Act (SECURE Act). The SECURE Act represent the first significant change in retirement legislation since the Pension Protection Act in 2006. On December… Read More »

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For help with estate planning, special needs planning, elder law or Veteran's Pension Planning needs throughout Howard, Montgomery, Prince George’s, Anne Arundel, and Baltimore County; and Baltimore City, contact McDonald Law Firm, LLC.

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Columbia, MD 21044-3563

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Bethesda, MD 20814

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