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Category Archives: Estate Planning

Trusts and probate in Maryland: what you need to know

My Trust is Signed, No Probate for My Family Right?

By Andre O. McDonald |

Planning ahead has obvious benefits. Whether you’re planning a vacation or researching for a job interview, it’s always smart to outline your priorities and anticipate potential challenges that may arise. Planning your estate has similar benefits. With plans clearly established, your wealth and assets are protected should you pass away or become incapacitated. It’s… Read More »

Blood test for Alzheimer's disease: pros and cons

New Blood Test For Alzheimer’s May Detect the Disease Years Before Onset of Symptoms

By Andre O. McDonald |

Alzheimer’s disease is becoming more prevalent among aging Americans, and there are more aging Americans than ever before. Alzheimer’s disease has three typical biomarkers: plaques of beta-amyloid protein, tangles of tau protein, and loss of connections in the synapses that communicate information between brain cells. Now a simple blood test for Alzheimer’s may be able… Read More »

What rental property owners need to know about estate planning

Estate Planning Considerations for Rental Property Owners

By Andre O. McDonald |

In all parts of the country, services such as Airbnb have grown in popularity over the past few years. Indeed, these alternatives to hotel stays are popular among homeowners and vacationers alike. If you have a home or other rental property that is generating income, you should understand the following asset protection and estate… Read More »

5 documents you need to help get your affairs in order

5 Documents You Need to “Get Your Affairs in Order”

By Andre O. McDonald |

Five words no one ever wants to hear from their doctor: “Get your affairs in order.” Unfortunately, 58 percent of Americans do not have a will or trust, and it often requires a chronic disease or terminal illness diagnosis, or other life-changing event to prompt the estate planning process. Talk to your attorney about… Read More »

What's the difference between elder law and estate planning?

Elder Law vs. Estate Planning: What’s the Difference?

By Andre O. McDonald |

The short answer: Both estate planning and elder law share similar concerns. The longer answer? The differences make all the difference.   Elder Law vs. Estate Planning: The Concerns are Similar   No matter what age we’re, life can deliver some hard knocks. Hope for the best, but plan for the worst. We can… Read More »

6 Steps to Planning for End-of-Life Wishes

6 Steps to Ensuring Your End-of-Life Wishes Are Met

By Andre O. McDonald |

Contemplating our own death is one of the hardest challenges we will ever have to face. Yet, if we want our dying to be meaningful and merciful, it is imperative that we think about it while we still can. Part of doing so involves thinking through our end-of-life wishes.   For most of us,… Read More »

The truth about ALS and healthcare power of attorney

Live and Learn: ALS and Healthcare Powers of Attorney

By Andre O. McDonald |

Strong healthcare powers of attorney are indeed powerful for a condition like Alzheimer’s. But it may come as a surprise to learn that a good “basic” advance-directive document needs considerable supplementation when it comes to a dreadful illness like ALS – Amyotrophic Lateral Sclerosis, or Lou Gehrig’s disease. Ordinarily, if a patient becomes unable… Read More »

Don't risk making these estate planning mistakes!

Don’t risk making these 11 costly estate planning mistakes!

By Andre O. McDonald |

Unfortunately, estate planning is often viewed as a “luxury” that is only necessary for the wealthy. In reality, a properly executed estate plan is an important financial document that everyone should have, regardless of how many assets they have to their name. That being said, even if you do have an estate plan, it’s… Read More »

Liability planning tips that every physician should know

3 Liability Planning Tips Every Physician Should Know

By Andre O. McDonald |

You probably know that the practice of medicine is a profession fraught with the risk of liability.  It’s not just medical malpractice claims either (although those are certainly scary enough). It’s the entire scope of risk from being in business, including employment-related issues, careless business partners and employees, and contractual obligations, as well as… Read More »

What's the difference between dying intestate vs. with a will or trust?

Wills, Trusts & Dying Intestate: What’s the Difference?

By Andre O. McDonald |

“Estate planning is for the rich! I don’t have enough assets to do an estate plan!” Sounds familiar? These are some of the excuses folks make in order to justify not creating an estate plan. While most people understand that having some sort of an estate plan is a good thing, many of us… 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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