Stouffer Legal Blog

Stay Up To Date

Recent Blog Posts

What Happens to Your Debt when You Pass Away?
Approximately 73% of people in the U.S. pass away while still in debt. The average amount of debt is $61,554, but that average goes down to $12,875, if mortgage debt is not included.
June 3, 2021
Can Someone Set Up Multiple Living Trusts?
In short yes, you can have multiple living trusts, but the question to ask is whether you need them. You will need to consider your intended beneficiaries, creditor/liability concerns, tax implications and overall planning goals.
June 2, 2021
Book Club: Helpful Elder Law Books
When it comes to estate planning, long-term care planning and other elder law issues, you may find yourself with more questions than answers. We provide a lot of resources on our blog and through our community seminars, but also understand that sometimes you simply want a great book chock full of information to help you make informed choices on these topics.
May 31, 2021
5 Reasons You Should Not Skimp on Estate Planning
Everyone likes the idea of a good deal, a great sale, saving a buck, and the like. When it comes to estate planning, you really do get what you pay for.
May 28, 2021
There are Several Ways to Leave an Inheritance for Your Spouse
It is unlikely that you can disinherit your spouse, unless you have a valid legal agreement otherwise. In every state, a spouse is entitled to a spousal elective share of a deceased partner's estate, although the exact amount of the share varies between states.
May 27, 2021
Per Capita or Per Stirpes?
In a will or trust that states your intentions for how your property will be distributed upon your death, if you intend to leave your assets to an intended group – such as your grandchildren – you will be asked whether you want to make that distribution in a per capita manner or per stirpes?
May 26, 2021
Including Transfer-on-Death (TOD) Accounts in Your Estate Plan
Terms of a TOD account may vary widely, but the general premise is that the account holder can designate who gets the account at his or her death. This allows the account to pass directly to that designated beneficiary without the probate court’s involvement.
May 24, 2021
Five Myths About Your Assets and Nursing Home Care
Truth: No, the State of Maryland does not take your assets. The nursing home will charge you a fee for residency and other services.
May 21, 2021
Collection of Data Can Create Problem for the Elderly
Elder abuse can come to the forefront, when data is tracked on what people do online and then is used to increase advertising opportunities. There are potential downsides to data collection that worry elder law experts, according to Financial Advisor in "AI, Big Data May Become Tools for Elder Financial Abuse."
May 20, 2021
Estate Planning for Medical Doctors
Everyone benefits from proper estate planning, but most medical doctors have an additional layer of protection needed. With the rise in medical malpractice lawsuits, it is imperative that medical doctors utilize some essential asset protection strategies.
May 19, 2021
We can't wait to see you!
Today is the right day to take your first step. Click below to register for our next free workshop and learn what everyone is talking about.

Attending our next free Workshops is the best way to
Get Started on your New Estate Plan!
REGISTER FOR a WORKSHOP

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

‍

Stouffer Legal, Elder Law Attorney, Towson, MD