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Tag Archives: estate planning attorney

do married couples need separate estate plans?

Do Married Couples Need Separate Estate Plans?

By Andre O. McDonald |

The average American family has changed a great deal over the last few decades. The assumption that a couple will share finances, tax obligations, and a last name is one that does not necessarily apply in the 21st century. There are more options than ever before to keep your finances, identity, and future plans… 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 »

Estate tax repeal: planning for the future without a crystal ball

Estate Tax Repeal: Planning for the Future Without a Crystal Ball

By Andre O. McDonald |

Creating a will, trust, or any type of estate plan has always involved dealing with an uncertain future. Consider that just 20 years ago in 1997, the estate tax had an astonishing 55% rate with only a $600,000 exemption. Back then, tax-driven estate planning was a mathematical necessity for a large segment of the… Read More »

Planning on leaving money to grandchildren in a will? Avoid these common mistakes.

Planning on Leaving Money to Grandchildren in a Will? Don’t Make These Common Mistakes!

By Andre O. McDonald |

As we build wealth, we naturally desire to pass that financial stability to our offspring. With the grandkids, especially, we often share a special bond that makes us want to provide well for their future. However, that bond can actually turn into a weakness if proper precautions aren’t set in place. If you’re planning… Read More »

How IRA retirement savings fit into your estate plan

How Does an IRA Fit Into Your Estate Plan?

By Andre O. McDonald |

When you think of IRAs, you probably think of retirement. But what happens to your IRA money after you’re gone? The answer depends on how you go about creating your estate plan and selecting beneficiaries, and you might be surprised to find out that your money could end up with the wrong people or… Read More »

Would your advance directive be readily available in an emergency?

Doctors Unable to Obtain Advance Directives from Electronic Health Records Systems

By Andre O. McDonald |

After procrastinating for several years, you decided to engage an estate planning attorney to prepare your estate plan. Now that the plan is completed, where do you store your Advance Directive /Health Care Power of Attorney, Living Will and HIPPA Authorization so that they are available in an emergency? At McDonald Law Firm, we… Read More »

Estate Planning for New Parents: How to Protect Your Sweet New Baby

New Baby? The Importance of Estate Planning for New Parents

By Andre O. McDonald |

Estate planning is often one item that gets pushed back on nearly everyone’s to-do list. The reasons you might be delaying vary: lack of time, not thinking you have enough assets, not knowing how to start, or fear of contemplating death. Whatever the reason for not putting an estate plan together up until now,… Read More »

what to do after the death of a spouse

What to Do After the Death of a Spouse

By Andre O. McDonald |

When a spouse passes away, thinking about “the estate” might be the last thing on your mind. And while it’s necessary to give yourself ample time to process the loss of a love one, it’s also imperative that you speak with your estate planning attorney so that you know what to do after the… Read More »

How to Avoid a Will Contest

4 Tips for Avoiding a Trust or Will Contest

By Andre O. McDonald |

A trust or will contest can derail your final wishes, rapidly deplete your estate, and tear your loved ones apart. If you are concerns about the possibility of challenges to your estate plan, the best way to prevent a trust or will contest is with proper planning.   4 Ways to help your family… Read More »

What you must know about the basics of estate planning for military families

Estate Planning for Military Families: Are You Protected? (UPDATED: August 2019)

By Andre O. McDonald |

No matter the time of year, it is always a good opportunity for members of the military and their loved ones to consider setting up — or revising an existing —estate plan. Military families need to consider special estate-planning issues that others do not. This is particularly true when one or more family members… 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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