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Estate Planning Statistics
While the pandemic has increased the overall estate planning activity, many Maryland residents still do not have a plan in place. The statistics are consistent with other states and the country as a whole shows that only 32% of Americans have a will (Caring.com).
November 14, 2022
The Not-So-Simple Will
Many clients search online for do-it-yourself estate planning forms or call an estate planning law firm asking for prices for a simple will. They are often convinced that it is a standard form where you simply change out the names and execute it.
November 11, 2022
What is the Best Age to Start Long-Term Care Planning?
The cost of long-term care in a nursing home facility in many of the urban portions of Maryland range from $11,000 to $14,000 per month. This can be a daunting figure for many upcoming retirees to wrap their heads around.
November 9, 2022
What to Know When You Inherit Assets
Learning that you are receiving an inheritance can be a really exciting, per perhaps overwhelming concept. There are a few things to know about inheriting assets because depending on the type of asset, you may need to plan for and manage them differently.
November 7, 2022
Comparing a Conduit Trust to an Accumulation Trust
These type of “see-through” trusts come into play when someone leaves an IRA to beneficiaries in a will or trust. Inherited IRA rules are different for spouses and non-spouses, and have changed under the SECURE Act.
November 4, 2022
Trust Options for Married Couples
There are two basic types of trust documents designed specifically for married couples. One is called the A-B Trust and the other is a Disclaimer Trust.
November 2, 2022
Probate is Not as Scary as Many Think
When someone hears the word “probate” it may invoke feelings of fear, dread and anxiety. Clients come to us asking them to help them avoid probate.
October 31, 2022
Protecting Your Marriage When Caregiving for Elderly Parents
There is a huge number of people making up what is referred to as the “Sandwich Generation” in today’s society. These caregivers are taking care of their own children while simultaneously caring for elderly parents.
October 28, 2022
Common Features of Life Insurance with a Long-Term Care Rider
Most clients think of life insurance as a way to provide cash to someone they leave behind. There is another approach to consider about life insurance.
October 26, 2022
Protecting the Family Home from Medicaid Recovery
Often the family home is the largest asset in an individual’s or couple’s estate. Many are aware that the home is an exempt asset for the Medicaid application when the other spouse continues to live in it, but it is also the main target of Medicaid estate recovery.
October 24, 2022
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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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Stouffer Legal, Elder Law Attorney, Towson, MD