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

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In this digital age, many minors under the age of 18 are amassing wealth from acting, modeling, sports, business ventures and even video gaming. By earning their own money, they may need to protect those assets from family members who try to take advantage of the familial relationship to access the funds.

January 10, 2022

How to Add Liquidity to Your Estate Plan

Estate planning attorneys advise clients to keep plenty of liquid assets available because you may be surprised by the cost of dying or becoming disabled. Liquid assets refer to assets like cash, funds in bank accounts, publicly traded stocks and bonds. On the contrary, illiquid assets refer to real estate, equipment, collectibles and privately held stock.

January 7, 2022

How to Protect Your Parents’ Assets from Greedy Siblings

Greed is defined as a selfish desire for more of something. When that something is your parents’ hard-earned assets, it can cause siblings to become protective and territorial.

January 5, 2022

How Social Security is Changing in 2022

As more and more baby boomers enter into retirement, Social Security benefits may contribute to a considerable portion of their retirement income. To properly plan for the future, many baby boomers need to know what changes are in the pipeline for Social Security in 2022.

January 3, 2022

What You Need to Know about Continuing Care Retirement Communities

Life plan communities, often referred to as continuing care retirement communities (CCRCs), are an increasingly popular choice of aging Americans. These communities offer the array of care options necessary as seniors move through the stages of aging that include independent or assisted living, memory care, and skilled nursing.

December 31, 2021

You Have a Will, is That Enough?

Roughly half of all Americans don’t have a will, so if you’ve already taken this vital step to protect your assets and successors then congratulations are in order - you’re already ahead of the curve. While a will is a necessary document that every person who owns assets should have, it is still a relatively simple document that may not cover everything you want it to.

December 30, 2021

The Risk of Polypharmacy in the Elderly

Polypharmacy refers to the concept of taking multiple types of medications simultaneously. Many seniors take more medications than they need and risks may occur.

December 29, 2021

How to Protect Your Child’s Inheritance from their Spouse

It may be that you think the world of your son or daughter-in-law, but it may still be your wishes that all of your assets are preserved for your children. That is a very reasonable and understandable position to take. To ensure that it goes as planned requires some strategy.

December 27, 2021

How Does a DNR (Do-Not-Resuscitate) Order Work?

When a loved one is seriously ill and hospitalized, the issue of whether to obtain a DNR order may become an issue. A Do-Not-Resuscitate (DNR) order is a legally binding physician’s order that requires medical staff to take no further actions to restart a patient’s heart or restore breathing if the patient goes into cardiac or respiratory arrest.

December 24, 2021

Points to Discuss with Your Aging Parent

Your parent is getting on in age, but you don't have a clear idea if there is a plan in place for their care. It is a difficult topic to broach; no one wants to talk about death and the financial realities that come with aging.

December 23, 2021

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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