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Why emergency planning is critical

Emergency Planning: Why You Shouldn’t Wait

By Andre O. McDonald |

Emergency planning sounds like something your mother used to lecture you about, right? And how often have you wished that you’d followed your mother’s good advice? Nobody really wants to think in advance about accidents or illness. But if no advance emergency planning has been done, and if an elderly parent has broken a… Read More »

Parkinson's Disease + Estate Planning

April is Parkinson’s Disease Awareness Month

By Andre O. McDonald |

Every April, the global Parkinson’s community engages to support awareness of Parkinson’s disease (PD), a disease whose cause remains largely unknown although treatment options exist. This year the Parkinson’s Foundation campaign theme is #KnowMorePD. The goal of raising awareness can help make lives better for people with Parkinson’s disease, generate ideas to improve care, educate, and fundraise to help… Read More »

Estate Planning strategies to help surviving spouse protect inherited IRA from creditors

Warning: Don’t Let Creditors Inherit from You or Your Spouse

By Andre O. McDonald |

Although a surviving spouse receives special treatment when inheriting a retirement account such as an IRA (the ability to roll over the account into a personal retirement account and to stretch the distributions over their lifetime), the retirement account you leave for your spouse can still be seized in a divorce, a lawsuit, or… Read More »

Tips for talking to your parents about creating an estate plan

How to Talk to Mom and Dad about Creating an Estate Plan

By Andre O. McDonald |

Conversations about death and dying are rarely fun. Most people avoid them because they invoke feelings about our inevitable demise. Broaching this subject of creating an estate plan can be particularly difficult for parents and their adult children. Adult children may avoid bringing up the topic because they do not want to think about… Read More »

Why you might need to protect your retirement accounts

Five Reasons to Protect your Retirement Accounts Now

By Andre O. McDonald |

Your retirement account provides asset protection during your lifetime, but as soon as you pass that account to a loved one, that protection evaporates. When your spouse, child, or other loved one inherits your retirement account, creditors have the power to seize it and use the funds to satisfy their claims. This means one… Read More »

Using a Standalone Retirement Trust to Protect Inherited Accounts from Creditors

How to Use a Standalone Retirement Trust (SRT) to Protect Your Inheritance from Creditors

By Andre O. McDonald |

Do you have an individual retirement account or other type of retirement account that you plan to leave to your loved ones? If so, proceed with caution. Inherited retirement accounts do not have asset protection when they pass to your loved ones, meaning creditors can seize the money in the accounts to satisfy any… Read More »

Brain injury and estate planning preparation

March is Brain Injury Awareness Month

By Andre O. McDonald |

As it has for thirty years, early March marks the beginning of Brain Injury Awareness Month. Brain injury, often referred to as traumatic brain injury (TBI), can range from mild (commonly called a concussion) to severe and is caused by an impact to the head or the body or by a penetrating head injury…. Read More »

March is Developmental Disabilities Awareness Month

March is Developmental Disability Awareness Month

By Andre O. McDonald |

In March of 1987, the Developmental Disabilities Awareness Month began, calling upon all Americans to provide the opportunities and encouragement necessary for people with developmental disabilities to reach their potential. Since then, the National Association of Councils on Developmental Disabilities (NACDD) holds a campaign each March to communicate the importance of inclusion and story… Read More »

why updating your estate plan after a loved one's death is so important

Reviewing and Updating Your Estate Plan after the Death of a Loved One

By Andre O. McDonald |

The death of a loved one is never easy. Regardless of your relationship with the deceased (blood relative, life partner, or close friend), you need space and time to process and grieve your loss. Once you have had time to cope with all that has happened, you should consider updating your estate plan in… Read More »

Naming noncitizens in estate planning documents: what you need to know

Including Noncitizens In Your Estate Planning

By Andre O. McDonald |

With our society becoming increasingly mobile and international travel becoming more affordable than ever before, families and family-like relationships have steadily grown far more diverse in terms of citizenship. It is no longer uncommon for spouses from different countries to retain citizenship in their native countries. Many couples split their time between the United… 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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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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