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Monthly Archives: October 2023

How young is too young to have an estate plan?

How Far in Advance Can I Begin My Estate Planning?

By Andre O. McDonald |

You can create your estate plan at any time, but many people choose to begin the process sooner rather than later. Why? Because you never know when life-changing medical or financial emergencies can strike that will require someone else to manage your affairs during your lifetime. However, is there an age that is too… Read More »

Key Considerations Around Estate Planning for Expatriates

Key Considerations Around Estate Planning for Expatriates

By Andre O. McDonald |

The United States hosts the highest number of immigrants in the world, but increasingly, Americans say they are looking to relocate permanently to another country. A large percentage of wealthy Americans are also interested in buying real estate overseas and living there at least part-time. This begs the question: are there any specific considerations… Read More »

Do you knowhat to do with leased car when someone dies ?

What Happens to My Leased Car If I Die Before the Lease Term Ends?

By Andre O. McDonald |

After a house, a car is often the second-most valuable piece of property a person owns. About 15–20 percent of new vehicles are leased rather than purchased and financed. Leasing is a popular alternative to traditional financing because it can allow the lessee (the person who leases a vehicle) to drive a more expensive… Read More »

Things to Beware of When Co-Buying a House with Others

Beware of Unequal Contributions When Purchasing a House

By Andre O. McDonald |

At a time of record home unaffordability, more people are teaming up with friends and relatives to realize the home ownership dream. According to the National Association of Realtors (NAR), more than 75 percent of homes on the market now are too expensive for middle-income buyers. Just five years ago, this same income group… Read More »

The impact of family estrangement on estate planning

Limited Impact of Estrangement on Estate Planning

By Andre O. McDonald |

Unfortunately, rifts sometimes arise between family members that are much more serious than just temporary squabbles. The result may be estrangement, defined as “the state of being alienated or separated in feeling or affection; a state of hostility or unfriendliness” or “the state of being separated or removed.”[1] Estrangement does not mean that the… 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.

McDonald Law Firm, LLC

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Columbia, MD 21044-3563

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Bethesda, MD 20814

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Washington, DC 20037

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