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Tag Archives: irrevocable trust

As long term care insurance has become unaffordable for many

Creative Financial Approaches to Long-Term Care Planning

By Andre O. McDonald |

Long term care insurance was sold aggressively in the 1980’s, 90’s and thereafter to offset the costs of seniors needing to live in a nursing home or assisted living facility, or needing at-home health care. Now, however, the business of long term care insurance has dramatically changed. What was once over 100 insurers providing… Read More »

How to Control Your Nest Egg in a Second Marriage using a Lifetime QTIP Trust

How a Lifetime QTIP Trust Protects Your Nest Egg in Second Marriages (and Beyond)

By Andre O. McDonald |

Estate planning for couples in a second or later marriage who have disproportionate estates can be tricky. To avoid second marriage inheritance issues, one solution for allowing the well-to-do spouse to maintain control of their assets but keep their other half happy is the Lifetime QTIP Trust.   The Basics of Creating a Lifetime… Read More »

What powers does a trust protector need?

3 “Super Powers” Every Trust Protector Should Have

By Andre O. McDonald |

Today, many estate plans in Maryland contain irrevocable trusts that will continue for the benefit of a spouse’s lifetime, and then for the benefit of several generations.  Since these trusts are designed to span multiple decades, it is important that they include a trust protector who will have the ability to adjust the trust… 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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McDonald Law Firm, LLC

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Columbia, MD 21044-3563

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Bethesda, MD 20814

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