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Tag Archives: trusts

Trusts and probate in Maryland: what you need to know

My Trust is Signed, No Probate for My Family Right?

By Andre O. McDonald |

Planning ahead has obvious benefits. Whether you’re planning a vacation or researching for a job interview, it’s always smart to outline your priorities and anticipate potential challenges that may arise. Planning your estate has similar benefits. With plans clearly established, your wealth and assets are protected should you pass away or become incapacitated. It’s… 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 »

Estate Planning in 2018: New Tax Laws and Other Key Considerations

How New Tax Laws Will Impact Estate Planning in 2018

By Andre O. McDonald |

With 2017 now relegated to history, including Congress passing (and President Trump signing into law) the Tax Cut and Jobs Act, the question as we look ahead to 2018 now becomes: how do these new tax laws affect my estate plan? With that in mind, let’s consider a few things to watch regarding estate planning,… Read More »

3 Estate Planning Myths You Should be Aware of in Columbia, MD and beyond

Estate Planning Myths: Why Me, Why Now … and is a Will Enough?

By Andre O. McDonald |

Marylanders – you have worked hard for years, have family members and friends you care about, and have approached a time in your life when “estate planning” sounds like something you should do … but you are not exactly sure why. You may feel that you are not wealthy enough – or not old… 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 »

What you must know about the basics of estate planning for military families

Estate Planning for Military Families: Are You Protected? (UPDATED: August 2019)

By Andre O. McDonald |

No matter the time of year, it is always a good opportunity for members of the military and their loved ones to consider setting up — or revising an existing —estate plan. Military families need to consider special estate-planning issues that others do not. This is particularly true when one or more family members… Read More »

The importance of including long-term care in your estate plan

Why Factoring Long-Term Care into Your Estate Plan Pays Off

By Andre O. McDonald |

For most people, thinking about estate planning means focusing on what will happen to their money after they pass away. But that misses one pretty significant consideration: the need to plan for long-term care.   The last thing any of us want to contend with when a health issue arises later in life is… 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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