fbpx
Close Menu
+

Recent Blog Posts

Leave a family legacy with a limited income

Don’t Have a Lot of Money? Here Are Seven Ways You Can Still Leave Your Family a Great Legacy

By Andre O. McDonald |

Although the word “inheritance” usually conjures up images of property or accounts with significant monetary value, you can leave a long-lasting family legacy and inheritance by doing these seven things, whether or not your bank account is overflowing. 7 Ways to Leave a Great Family Legacy with a Smaller Income Make a Plan Often,… Read More »

When are estate plan updates necessary?

An Estate Plan Should Not Be a Set-It-and-Forget-It Endeavor

By Andre O. McDonald |

As we all know, life happens. There is really nothing we can do about it. However, some of the most common life events can have a dramatic effect on your estate plan. If you think your estate plan is like a slow cooker and you can set it and forget it, you and your… Read More »

3 estate planning lessons from Encanto

Estate Planning Lessons We Can Learn from Encanto

By Andre O. McDonald |

Not only is Disney’s award-winning animated film Encanto hugely entertaining, it also contains the following valuable estate planning lessons: Leaving a family legacy is important and can have an impact beyond your immediate family. Be sure to consider the significance of multigenerational planning. Treating each beneficiary as a unique person is essential. Naming the… Read More »

4 elements of an estate plan that all seniors need

A Senior’s Guide to Estate Planning

By Andre O. McDonald |

Most older adults acknowledge that estate planning is essential. Yet, nearly half of Americans age 55 or more do not have a will, and even fewer have all the elements of an estate plan, including designated powers of attorney, a living will, or health care directives. These documents help guide your representatives to provide… Read More »

The importance of Medicaid Planning in protecting your home

Medicaid Planning Protects Your Home from Rising Health Care Costs and Capital Gains

By Andre O. McDonald |

Your most valuable property may be your home, which is true for many people. You want your children to inherit that value when you pass. However, you are also concerned about planning for the future, declining health, and the potential need for expensive long-term care. You have heard that Medicaid can pay for that,… Read More »

I plan on leaving my house to my child in my will. Do I need to worry that they can take my home while I'm still alive?

If I Give My Home to My Child in My Will, Can They Take My Home While I Am Still Alive?

By Andre O. McDonald |

Here’s an interesting estate planning question: “I’m planning on leaving my house to my child in my will. However, does this allow them to take my home while I’m still alive?” The short answer to this question is no. Naming your child as the recipient of your home in your will does not give… Read More »

Domestic Partnership vs. Marriage: Rights in Estate Planning

Does a Domestic Partner Have the Same Rights as a Spouse When It Comes to Estate Planning?

By Andre O. McDonald |

The short answer to whether couples in a domestic partnership have the same rights as married couples when it comes to estate planning is … probably not. To a large extent, the state in which you live, and maybe even the city or county, determines domestic partners’ rights. What Is a Domestic Partnership? Everyone… Read More »

Electronic wills: what, where and why would I use one?

Electronic Wills: What are they, and should I use one?

By Andre O. McDonald |

What Are Electronic Wills? It was not very long ago that all legal documents were printed on paper and signed with a pen. But in today’s world, where we sign commercial contracts, form and run businesses, and buy everything from groceries to cars online, it seems almost prehistoric for state laws to require that… Read More »

Transfer on Death Deed: Pros and Cons

Using Beneficiary/Transfer-on-Death Deeds  

By Andre O. McDonald |

What Is a Transfer on Death Deed? If you own real property, such as a home, in your sole name but you have not created a trust and transferred your property’s title to the trust, it is virtually guaranteed that your beneficiaries (or heirs) will have to deal with probate after your death. If… Read More »

How do personal injury settlements impact SSDI and/or SSI?

Do Personal Injury Settlements Affect My SSDI or SSI?

By Andre O. McDonald |

The answers to many an important questions about the effects of personal injury settlements on Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI) monthly benefits you currently receive, or whether you should apply for SSDI benefits and pursue a personal injury claim simultaneously, are all situationally dependent. However, there is a general short… Read More »

Request a Consultation

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.

Captcha
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

  • Facebook
  • Google Plus
  • linkedin

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.

No content on this site may be reused in any fashion without written permission from www.mcdonaldesq.com

© 2016 - 2022 McDonald Law Firm, LLC. All rights reserved.