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Tag Archives: Howard County estate planning attorney

How to Avoid Living Probate

Avoid Living Probate: How to Keep Guardians and Conservators Out of Your Estate (UPDATED: May 2019)

By Andre O. McDonald |

While most proactive individuals know the importance of having a well-rounded estate plan, it is typically considered as something that will take effect after they have passed away. But there are in fact many ways in which comprehensive estate planning can have a positive impact on your life while you are still around to… Read More »

how can I protect my children's inheritance ? 3 estate planning tools to consider

How Can I Protect My Children’s Inheritance?

By Andre O. McDonald |

Parents who develop an estate plan often do so to provide for their heirs financially. In Columbia, MD and beyond, parents simply want to make sure their hard-earned assets, family heirlooms, and closely held businesses stay within the family. Indeed, one of the most common questions that clients ask is ” How can I… Read More »

Why your comprehensive estate plan needs asset protection

How to Build a Comprehensive Estate Plan that Includes Asset Protection

By Andre O. McDonald |

Much of estate planning has to do with the way a person’s assets will be distributed upon their death. But that’s only the tip of the iceberg. From smart incapacity planning to diligent probate avoidance, there is a lot that goes into crafting a comprehensive estate plan. One important factor to consider is asset… Read More »

4 Things to Consider When Leaving an Early Inheritance for Your Children

Want to Give the Kids an Early Inheritance? 4 Things to Consider

By Andre O. McDonald |

If you’re thinking about giving your children an early inheritance, you’re not alone. A recent Merrill Lynch study suggests that these days, nearly two-thirds of people over the age of 50 would rather pass their assets to the children early than make them wait until the will is read. It can be especially satisfying… Read More »

Maryland Inheritance Laws: Don't let these mistakes hurt your children's inheritance

3 Decidedly Dumb Ways to Leave an Inheritance for Your Children

By Andre O. McDonald |

Estate planning offers many ways to leave your wealth and pass on a legacy to your children and future generations, but it’s just as important to know what not to do when it comes to Maryland inheritance laws. If you live in Howard County, Maryland or a surrounding area and want to leave an… Read More »

Holographic wills: are they enforceable?

Are Handwritten Intentions Enforceable? Princess Diana Thought So…

By Andre O. McDonald |

Princess Diana of Wales was one of the world’s most loved celebrities – and one of the richest. Her tragic death in 1997 was world news. The majority of her estate, reportedly worth $40 million at the time of her death, was divided between Prince William and Prince Harry in her estate plan. However,… 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 »

3 Coping Strategies for the Overwhelmed Personal Representative

3 Tips for the Overwhelmed Personal Representative

By Andre O. McDonald |

While it is an honor to be named as personal representative (executor) of a will or estate, it can also be a sobering and daunting responsibility. Being a personal representative requires a high level of organization, foresight, and attention to detail to meet all responsibilities and ensure that all beneficiaries receive the assets to… Read More »

Wills for New Parents: 5 Things You Must Know

Wills for New Parents: What You Need to Know

By Andre O. McDonald |

As a new parent, you naturally want to guarantee your new baby’s future in every way. For many new parents, infancy is a time for celebrating new life, and making a will is the last thing on their minds. For others, the process of bringing new life into the world sparks intense feelings of… Read More »

Are payable on death accounts a smart choice for your family?

Is a Payable on Death Account Right for You and Your Family?

By Andre O. McDonald |

Payable on death accounts, or “POD accounts” for short, have become popular for avoiding probate in the last decade or so. What is a Payable on Death Account? A POD account is a type of bank account authorized by state law which allows the account owner to designate one or more beneficiaries to receive… 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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