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Monthly Archives: July 2025

Minimalist estate plan? Bad idea!

Minimalist Estate Plan? Save “Less is More” for Your Decor!

By Andre O. McDonald |

In a modern world marked by information overload, overflowing inboxes, nonstop notifications, and the constant pressure to accumulate more stuff, minimalism offers a compelling counternarrative. But, is a minimalist estate plan a smart idea? NO! Let’s discuss why… Born from the mid-twentieth century artistic rebellion and revived in the 2010s on the back of… Read More »

What to know before purchasing real estate in a foreign country

Planning for Real Estate in a Foreign Country

By Andre O. McDonald |

The allure of a foreign land—perhaps where the weather is milder, the pace of life slower, and the cost of living lower—is a dream for many Americans who want to escape our country’s fast-paced, high-cost living. That dream can become a reality, and a tangible investment, for Americans who purchase real estate in a… Read More »

Have the irrevocable life insurance trust lost its luster?

Undoing an Irrevocable Life Insurance Trust: Options and Alternatives in a Changing Estate Tax Landscape

By Andre O. McDonald |

The irrevocable life insurance trust (ILIT) has long been a staple of estate planning. This tool is designed to hold life insurance policies and remove the death benefit proceeds from an individual’s taxable estate (meaning that the value is not subject to estate tax) while also providing liquidity to cover estate taxes, the deceased… Read More »

Do you need to modify estate plan after divorce decree?

Your Divorce Decree: The First Step in Estate Planning

By Andre O. McDonald |

You and your spouse have recently divorced, and the judge has signed the divorce decree. Now what? Although you may feel that you have spent enough time and money on lawyers, there is one last attorney you need to talk to: an estate planning attorney. If you and your former spouse created an estate… 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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10500 Little Patuxent Pkwy, #420
Columbia, MD 21044-3563

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7315 Wisconsin Avenue, Suite 800 West
Bethesda, MD 20814

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1025 Thomas Jefferson Street, N.W.
Suite 400
Washington, DC 20007

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