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Monthly Archives: December 2020

risks of DIY estate planning

Caution: Beware of DIY Estate Planning

By Andre O. McDonald |

We hear this question about DIY estate planning all the time: “Can’t I just grab a will off the internet, do a transfer-on-death deed for my land, put my kids on my bank account, and be done with my estate plan?” DIY estate planning is just not a good idea. For the plan to… Read More »

Steps to take if a loved one dies while traveling abroad

What to Do If a Loved One Dies While Traveling Abroad

By Andre O. McDonald |

The death of a loved one can be one of the most disorienting life events. But if the loved one dies while traveling abroad in a foreign country, the emotional and bureaucratic burdens can multiply exponentially. Things to Consider if A Loved One Dies in a Foreign Country Contact the United States Bureau of… Read More »

Should you own your timeshare in trust? Click to find out.

Should You Own Your Timeshare in Your Trust?

By Andre O. McDonald |

Timeshares have come a long way since they first arrived in the real estate market back in the ’70s. In the early days of timeshare ownership, high-pressure sales tactics, exceedingly vague contracts, and inflexible scheduling policies caused many people to quickly regret such purchases. Over time, however, timeshares have become more consumer-friendly with greater… Read More »

What you need to know about your inherited retirement account

What to do with your inherited retirement account

By Andre O. McDonald |

For decades, common financial planning wisdom has encouraged almost all-American workers to maximize their contributions to qualified retirement accounts. Indeed, doing so can be a powerful way to reduce your current income tax liability, grow your savings exponentially tax-free, and, in most states, protect your savings from claims of creditors. And by and large,… Read More »

Key estate planning takeaways from the deaths of Chadwick Boseman and Eddie Van Halen

A Tale of Two Celebrities: Chadwick Boseman and Eddie Van Halen

By Andre O. McDonald |

Estate planning is the process of making decisions about what happens to you, your money, and your property when you pass away or can no longer make decisions for yourself. This year, the deaths of two significant celebrities—the international rock superstar Eddie Van Halen and the global acting phenomenon Chadwick Boseman —provide examples of… 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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McDonald Law Firm, LLC

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Columbia, MD 21044-3563

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7315 Wisconsin Avenue, Suite 800 West
Bethesda, MD 20814

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Washington, DC 20037

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