Stouffer Legal Blog - Estate and Elder Law in Towson, Maryland

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Yes, it is possible to be a joint or co-power of attorney, meaning that you are one of two or more individuals who have been appointed to act as the power of attorney for someone else. Being a joint power of attorney can have both advantages and disadvantages.

January 23, 2023

What trends to expect in estate planning for 2023?

It's difficult to predict with certainty what trends will emerge in estate planning for 2023, as this will depend on a variety of factors such as changes in the law, economic conditions, and societal trends.

January 20, 2023

What happens if your child inherits from you and then gets a divorce?

If your child inherits property or assets from you and then gets divorced, the inherited property or assets may be considered separate property and may not be subject to division in the divorce.

January 18, 2023

5 reasons to update your estate plan in 2023

It's important to update your estate plan every now and then. This is because things can change in your life, like having a new family member or getting more money.

January 18, 2023

How do I protect my equity from a down payment on a condo with my boyfriend?

A cohabitation agreement, also known as a domestic partnership agreement, is a legal document that outlines the rights and responsibilities of individuals who are living together in a romantic or familial relationship but are not married.

January 16, 2023

Estate Planning for Children Studying Abroad

As a parent, it can be difficult to let go and watch your child grow into an independent adult. At 18 years old, they are legally considered an adult and are able to make their own decisions, including financial and legal ones.

January 13, 2023

Are the Holidays a good time to explain your Estate Plan to Family and Friends?

If you're planning on having a conversation with your family about estate planning over the Christmas holiday, it's important to approach the topic with sensitivity and understanding. Estate planning can be a difficult and emotional subject, so it's important to make sure that everyone feels comfortable and heard.

January 11, 2023

We all worry that our kids will spend everything!

Spendthrift provisions are a common feature of many estate plans and can be a useful way to protect your children's inheritance from creditors or other potential claimants. Spendthrift provisions are clauses that are included in a trust or will that restrict the ability of beneficiaries to sell, transfer, or encumber their inheritance.

January 9, 2023

When should we have the “Talk” about Nursing Homes?

The best time to have a conversation with your parent about going into a nursing home will depend on a number of factors, including your parent's health, their preferences, and the level of care that they need. In general, it's a good idea to have this conversation before a crisis arises, so that you and your parent can make a plan for their future care in a thoughtful and considered way.

January 6, 2023

Durable POA versus limited or springing POA

A durable power of attorney (POA) is a legal document that allows an individual (called the "principal") to appoint someone else (called the "agent" or "attorney-in-fact") to make financial and legal decisions on their behalf. The durable POA remains in effect even if the principal becomes incapacitated or unable to make decisions for themselves.

December 30, 2022

We are a local Estate Planning firm helping Maryland families plan ahead before a crisis happens. Creating Wills and Trusts by learning your unique story. A sound Estate Plan helps to protect and preserve assets during disability, incapacity, and at death. It may also minimize tax exposure and encourages families to plan inheritance during life and outside of the courts.

Office Address:

658 Kenilworth Drive, Suite 203
Towson, MD 21204

Phone: (443) 470-3599

E-mail : office@stoufferlegal.com

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