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Tag Archives: inheritance

How inheritance impacts your estate plan

How an Inheritance May Change Your Estate Plan

By Andre O. McDonald |

Receiving an inheritance is a huge blessing but, if not handled properly, can also become a curse. Often times, the inheritor does not know what to do with the new asset and runs into financial trouble, squandering most, if not all of it. This could happen due to the inheritor having outstanding creditor issues… Read More »

Spendthrift trust: solution for financially irresponsible heirs?

How a Spendthrift Trust Keeps Your Heirs from Blowing their Inheritance

By Andre O. McDonald |

There are many tools that can be used when putting together your estate plan. One such tool- a trust- is a fiduciary arrangement, established by a grantor or trustmaker, which gives a third party (known as a trustee) the authority to manage assets on behalf of one or more persons (known as a beneficiaries). Since… 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 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 »

Intestacy: If You Die Without a Will in Maryland, Does Your Spouse Inherit Your Entire Estate?

By Andre O. McDonald |

If you are married and you die without a will in Maryland, you may mistakenly believe that your spouse will still inherit your entire estate. Not so fast. Who will inherit your estate depends on several different factors.   3 Factors that Determine What Happens to Your Estate if You Die Without a Will… Read More »

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