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Monthly Archives: December 2021

qualified personal residence trust: what is it, and do I need one?

Qualified Personal Residence Trust: What Is It and When Should You Consider One?

By Andre O. McDonald |

Americans have enjoyed historically high estate tax exemption rates for most of the last twenty years. Such high exemption amounts have kept many of them from needing to seek out more advanced estate planning strategies to avoid estate taxes, which have been as high as 60 percent during those same years. However, it is… Read More »

Build Back Better Act: Implications for Estate Planning

Build Back Better Act and Estate Planning Changes

By Andre O. McDonald |

Build Back Better Act and Estate Planning Changes President Biden’s Build Back Better Act (BBBA) has made a significant first step towards passage as the House Ways and Means Committee approves the bill’s tax provisions. As the draft now stands, the legislative proposal may restrict the ability of higher net worth individuals to shelter… Read More »

Notice to Creditors and the Probate Process

Notice to Creditors: Understanding the Probate Process

By Andre O. McDonald |

Avoiding probate through legal techniques is a great strategy to save taxes, keep your estate from public proceedings, and avoid the need for court approval every step of the way. It can save you time, frustration, and in many cases, significant attorney and court fees. After your death, your personal representative – sometimes referred… Read More »

Becoming a Legal Guardian of an Aging Parent: What You Need to Know

Becoming a Legal Guardian of Person and Property of Your Aging Parent in Maryland and the District of Columbia

By Andre O. McDonald |

Guardianship of an aging parent means acceptance of significant legal responsibility to act and advocate for their care. The duties include a parent’s daily care, medical care, and possibly financial decisions made on their behalf. Many guardians are family members who were previously caregivers, now cast into a formal legal role. At the same… Read More »

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For help with estate planning, special needs planning or elder law 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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