Andre O. McDonald, Author at McDonald Law Firm, LLC

Funding Options for Special Needs Trusts

It is crucial to properly fund special needs trusts (SNT's), designating your trust as the owner of certain assets. The trustee can...

Claiming the Guardianship of an Elderly Parent

Often an aging parent will lose their ability to think clearly to make informed and meaningful decisions regarding their life. This growing...

Handling S Corporation Interests in Estate Planning: Electing Small Business...

One of the many challenges of owning a small business is determining the appropriate tax classification of the business. When an individual...

Generation- Skipping Transfer Tax: What it is & Why it...

When it comes to federal taxes, most people are very aware of the federal income tax because, if they earn a paycheck,...

Things to Consider Before Accepting Your Inheritance

The news that you will be receiving an inheritance is often bittersweet because it means that somebody close to you has passed...

What Is a Nongrantor Trust?

Every trust has at least one grantor, also known as the trustmaker, i.e., the person who creates the trust. So, it can...

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