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Tag Archives: estate planning

gift vs loan vs advance: what's the difference?

Gift vs Loan vs Advancement: Why the Classification Matters

By Andre O. McDonald |

While we all want to provide financial help to our loved ones—whether they are family or close friends—it is important to understand that how the money is classified will directly affect your estate planning. Accordingly, the intent behind the transfer of the money is key when determining if it will be considered a gift… 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 »

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 »

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 »

4 Common Power of Attorney Myths

4 Common Power of Attorney Myths

By Andre O. McDonald |

A durable power of attorney is one of the most important estate planning documents you can have. It allows someone who you appoint (your agent) to make non-medical decisions on your behalf in the event you become incapacitated. If you have not appointed an agent then your friends and family may not have the… Read More »

Your legal affairs checklist for Fall 2018

Your Fall Legal Affairs Checklist

By Andre O. McDonald |

Now that Labor Day, the unofficial end of summer, has come and gone and the summer of 2018 is in your rear-view mirror, it’s an excellent time to review the state of your affairs. To help you do so, below is a legal affairs checklist to ensure your planning is up-to- date and meets… Read More »

How to have a conversation about end-of-life planning

3 Tips for Talking About End-of-Life Planning

By Andre O. McDonald |

No one wants to discuss death and dying. And yet, it’s a critical time in everyone’s life and one for which we know we need to prepare. While many people have the desire to share their wishes, something is preventing people from openly communicating with their families when it comes to end-of-life planning. As… Read More »

Does your college-bound student have these 2 basic estate planning documents?

2 Basic Estate Planning Documents Every College Student Should Have

By Andre O. McDonald |

If you are preparing to send your son or daughter off to college to pursue higher education, you may be wondering how their first semester of school will go. During this exciting new chapter in your family’s life, the last thing you may be thinking about is estate planning for your college-aged child. While… Read More »

The dangers of do-it-yourself estate planning

The Hidden Risks of Do-It-Yourself Estate Planning

By Andre O. McDonald |

With automation an artificial intelligence (AI) disrupting every sector of the economy, it is not surprising that the legal profession is feeling the impact as well. Today, there are many software programs, as well as websites, that sell do-it-yourself estate planning documents. These websites and form tools seem to offer a convenient and cost-effective… Read More »

estate planning for singles 101

I’m Not Married. Do I Still Need an Estate Plan?

By Andre O. McDonald |

Approximately half of America’s population over the age of 16 is unmarried. While much of the discussion involving estate planning focuses on married couples, this topic is just as important for a single person. In fact, many times estate planning for singles and unmarried couples may be even more important than for their married… Read More »

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