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Tag Archives: Estate Tax

What you need to know about state estate and inheritance tax

State Estate and Inheritance Tax: What They Are, If Your State Has Them, and How to Plan Accordingly

By Andre O. McDonald |

The federal gift and estate tax exclusion is currently very high—$11.58 million for an individual and $23.16 million for a married couple in 2020. As a result, only very wealthy people currently need to be concerned that their estates will be taxable at the federal level, at least until 2026, when the increased exclusion… Read More »

Uses for annuities in estate planning

Understanding the Role of Annuities in Estate Planning

By Andre O. McDonald |

Selecting the right type of annuity for yourself is no small feat. Of course, you’ve put in the research and planned with your financial advisors. But, you might still be wondering what happens to those annuity payments upon your death. Let’s start by discussing the role of annuities in estate planning. In addition to… 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 »

What You Need to Know about Estate Planning Under Trump Administration

Impacts of the Trump Presidency on Estate Planning: Your Quick Guide

By Andre O. McDonald |

Estate Planning Under Trump It’s official — at 12:00 p.m. on January 20th, 2017, Donald J. Trump was inaugurated as the 45th President of the United States of America, in essence completing the 2016 presidential election cycle. With that bit of uncertainty behind us and a fresh administration starts out, here’s what you need… Read More »

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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.

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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

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2101 L Street, N.W., Suite 300
Washington, DC 20037

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