fbpx
Close Menu
+

Tag Archives: gift tax

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 »

5 Scenarios to Consider Before Gifting Money

Planning on Gifting Money this Holiday Season? 5 Things to Consider

By Andre O. McDonald |

The holiday season is a time to enjoy friends, family, and loved ones. Often we consider our life circumstances and may get in the spirit of giving. This is particularly true if you are at a point in your life were you have enough from a financial standpoint. If you are planning on gifting… Read More »

Joint Property Ownership: Worth the Risk?

6 Dangers of Joint Property Ownership

By Andre O. McDonald |

In an effort to avoid the some assets passing through the probate process, some people often set up bank accounts or real estate so that these assets are owned jointly with a spouse or other family member. The appeal of joint property ownership is that when one owner dies, the surviving owner will automatically… Read More »

Request a Consultation

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.

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 - 2021 McDonald Law Firm, LLC. All rights reserved.