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Monthly Archives: August 2022

3 things to do if your trustee is unresponsive

What to Do if Your Trustee Is Unresponsive

By Andre O. McDonald |

A trustee has a duty under the law to communicate with beneficiaries and keep them reasonably informed as to the progress of the trust administration. In Maryland and the District of Columbia, such duty to inform may require the trustee to give beneficiaries a copy of the trust document, provide information regarding the anticipated… Read More »

Right of Occupancy Trust: How does it work?

Right of Occupancy Trust: A Trust to Protect Your Home and Your Loved Ones

By Andre O. McDonald |

Estate planning is about protecting you and your loved ones. Sometimes this can be a difficult endeavor when there is a loved one who may require additional support at your death. While you may want to give as much as possible to this individual, you may not want to do so at the expense… Read More »

How to protect your child's inheritance if they go through a divorce

How to Keep Your Child’s Inheritance Out of Your In-Law’s Hands

By Andre O. McDonald |

About 40 to 50 percent of all marriages in the United States end in divorce. Regardless of how you feel about your child’s spouse, you must face the possibility that they could become your child’s ex-spouse. Should that day come, the money you leave to your child could be subject to a division of… Read More »

3 powerful provisions in financial power of attorney

Powerful Provisions in Your Financial Power of Attorney

By Andre O. McDonald |

In a financial power of attorney, you designate a trusted decision maker (agent or attorney-in-fact) to act on your behalf if you become disabled or unable to manage your financial affairs. Depending on the provisions you choose to include, your agent may have the power to buy and sell property, the power to invest,… Read More »

3 things to know about cryptocurrency and your estate plan

Three Things You Need to Know about Cryptocurrency and Your Estate Plan

By Andre O. McDonald |

The popularity of cryptocurrency has rapidly increased in recent years, with more people buying and selling it. Here are three things you need to know about cryptocurrency in relation to your estate plan. Beware of the Tax Consequences Transferring your cryptocurrency to other people, either during life or at your death, could have income,… 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

Columbia Office

10500 Little Patuxent Pkwy, #420
Columbia, MD 21044-3563

Bethesda Office:

(By Appointment Only)

7315 Wisconsin Avenue, Suite 800 West
Bethesda, MD 20814

Washington, DC Office:

2101 L Street, N.W., Suite 300
Washington, DC 20037

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