fbpx
Close Menu
+

Tag Archives: estate planning

3 things to know about cryptocurrency and your estate plan

Three Things You Need to Know about Cryptocurrency and Your Estate Plan

By Andre O. McDonald |

The popularity of cryptocurrency has rapidly increased in recent years, with more people buying and selling it. Here are three things you need to know about cryptocurrency in relation to your estate plan. Beware of the Tax Consequences Transferring your cryptocurrency to other people, either during life or at your death, could have income,… Read More »

The Importance of LGBTQ+ Estate Planning

LGBTQ+ Estate Planning to Protect Yourself and Your Loved Ones

By Andre O. McDonald |

Estate planning is for everyone. Regardless of your wealth, age, marital status, gender identity, or sexual orientation, it is crucial to have a plan in place to protect your money, property, and loved ones in the event of an accident, illness, or death. For LGBTQ+ Americans, estate planning can be even more important. Despite… Read More »

When are estate plan updates necessary?

An Estate Plan Should Not Be a Set-It-and-Forget-It Endeavor

By Andre O. McDonald |

As we all know, life happens. There is really nothing we can do about it. However, some of the most common life events can have a dramatic effect on your estate plan. If you think your estate plan is like a slow cooker and you can set it and forget it, you and your… Read More »

4 elements of an estate plan that all seniors need

A Senior’s Guide to Estate Planning

By Andre O. McDonald |

Most older adults acknowledge that estate planning is essential. Yet, nearly half of Americans age 55 or more do not have a will, and even fewer have all the elements of an estate plan, including designated powers of attorney, a living will, or health care directives. These documents help guide your representatives to provide… Read More »

Domestic Partnership vs. Marriage: Rights in Estate Planning

Does a Domestic Partner Have the Same Rights as a Spouse When It Comes to Estate Planning?

By Andre O. McDonald |

The short answer to whether couples in a domestic partnership have the same rights as married couples when it comes to estate planning is … probably not. To a large extent, the state in which you live, and maybe even the city or county, determines domestic partners’ rights. What Is a Domestic Partnership? Everyone… Read More »

Electronic wills: what, where and why would I use one?

Electronic Wills: What are they, and should I use one?

By Andre O. McDonald |

What Are Electronic Wills? It was not very long ago that all legal documents were printed on paper and signed with a pen. But in today’s world, where we sign commercial contracts, form and run businesses, and buy everything from groceries to cars online, it seems almost prehistoric for state laws to require that… Read More »

Transfer on Death Deed: Pros and Cons

Using Beneficiary/Transfer-on-Death Deeds  

By Andre O. McDonald |

What Is a Transfer on Death Deed? If you own real property, such as a home, in your sole name but you have not created a trust and transferred your property’s title to the trust, it is virtually guaranteed that your beneficiaries (or heirs) will have to deal with probate after your death. If… Read More »

New FAFSA Rules: What Do They Mean for Grandparents

Changes to the FAFSA Form (and What It Means for Grandparent-Funded 529s)

By Andre O. McDonald |

For grandparents who want to leave a legacy to their grandchildren, the gift of a 529 college savings plan is an option. Not only can opening a 529 plan account help a grandchild with educational expenses, it can also help grandparents with their estate planning goals. In the past, grandparent 529 plans had the… Read More »

What is a pour-over will (and do I need one?)

Pour-Over Will: Not Your Average Will

By Andre O. McDonald |

Wills and trusts are the two basic legal instruments that people use to pass accounts and property on to their loved ones at death. Although a revocable living trust is often used in place of a will, the two are not mutually exclusive. You can have both a will and a trust, and in… Read More »

Build Back Better Act: Implications for Estate Planning

Build Back Better Act and Estate Planning Changes

By Andre O. McDonald |

Build Back Better Act and Estate Planning Changes President Biden’s Build Back Better Act (BBBA) has made a significant first step towards passage as the House Ways and Means Committee approves the bill’s tax provisions. As the draft now stands, the legislative proposal may restrict the ability of higher net worth individuals to shelter… Read More »

Request a Consultation

For help with estate planning, special needs planning or elder law throughout Howard, Montgomery, Prince George’s, Anne Arundel, and Baltimore County; and Baltimore City, contact McDonald Law Firm, LLC.

Captcha
McDonald Law Firm, LLC

Columbia Office

10500 Little Patuxent Pkwy, #420
Columbia, MD 21044-3563

Bethesda Office:

(By Appointment Only)

7315 Wisconsin Avenue, Suite 800 West
Bethesda, MD 20814

Washington, DC Office:

2101 L Street, N.W., Suite 300
Washington, DC 20037

  • Facebook
  • Google Plus
  • linkedin

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.

No content on this site may be reused in any fashion without written permission from www.mcdonaldesq.com

© 2016 - 2024 McDonald Law Firm, LLC. All rights reserved.