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Monthly Archives: November 2020

Probate process: what you need to know

What is the Probate Process?

By Andre O. McDonald |

Probate is the legal process for authenticating a deceased person’s last will and testament, reviewing their assets, paying their outstanding debts and taxes, and distributing what remains to their heirs. After an asset-holder dies, the court will appoint the person nominated as personal representative under a valid will to administer the estate of the… Read More »

13 things your letter of instruction in your estate plan should have

Letter of Instruction for Your Estate Plan

By Andre O. McDonald |

Whether you are starting from scratch or have an estate plan in place, a letter of instruction (LOI) is an important part of any comprehensive plan. A letter of instruction can help your loved ones manage important information about you. A letter of instruction conveys your desires, includes practical information about where to find… Read More »

The best way to hold different types of real estate

How to Own Your Real Estate

By Andre O. McDonald |

Real estate encompasses not only one’s primary residence, but also other real estate such as a vacation home or a rental property. The ideal form of ownership varies depending on the type of real estate you own. Below, we take a look at the different types of real estate and offer guidance about the… Read More »

7 Risky Excuses for Delaying Estate Planning

Seven Bad Reasons for Delaying Estate Planning  

By Andre O. McDonald |

Too many people in this country mistakenly believe that estate planning is only for the wealthy. In reality, an estate plan is an important financial document that everyone should have, no matter how many assets they currently own. Below are 7 common scenarios that lead people to think that estate planning is unnecessary for… 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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