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The Basics of a Spousal Lifetime Access Trust (SLAT)
With a new administration moving into the White House, many high net worth married couples are reaching out to seasoned advisors about the impact of potential tax changes. At Stouffer Legal, we discuss the creation of a spousal lifetime access trust commonly referred to as a SLAT with many of these couples.
January 7, 2021
Estate Planning for a Beneficiary Suffering from Addiction
Do you worry what will happen to a child or loved one suffering from addiction after you pass away? Will they blow their inheritance?
January 6, 2021
A Will Is Still Needed Even If Estate Tax Is Eliminated
Even if the Republican-controlled Presidency and Congress eliminate the federal tax, the need for an estate plan is not eliminated, according to Forbes in "Five Reasons You Need a Will (Even If the Estate Tax Is Repealed)!"
January 4, 2021
Tips for Long Distance Caregivers
Providing long distance care for an aging family member can be especially difficult during a pandemic. Below are a few tips to consider if you are in this situation:
January 1, 2021
If you are a parent it is likely a will is an essential document.
It is likely that once you bring a child into this world you are going to be more concerned about them than you are about yourself which means you need a will as Nerdwallet explains in "Protect Your Family by Writing a Will."
December 31, 2020
Mediating Probate Disputes
Alternative dispute resolution (ADR) refers to legal remedies to settle disputes outside of court litigation. The most popular methods being mediation and arbitration.
December 30, 2020
Using 529 College Savings Plans as Part of Your Gift Strategy
If you are looking for ways to help younger generations afford a higher education while still focusing on your overall financial and estate planning goals, using a 529 college savings plan as part of your gift strategy may be a win-win.
December 25, 2020
Living a Thrifty Life and Leaving Millions
Generally speaking, librarians don’t leave a lot of assets behind when they pass away yet they sometimes do as My Central Oregon reports in “Librarian Quietly Saved $4 Million, Left it to School Where He Worked.”
December 24, 2020
What Can Go Wrong with a Life Estate?
With a life estate deed , two or more people are granted an ownership interest in a property but for different periods of time. The life tenant possesses the property during his or her life but cannot easily sell or mortgage the property with only a life estate interest.
December 23, 2020
New “Universal” Deduction for Charitable Contributions Under the 2020 CARES Act
Part of comprehensive estate planning includes finding last minute tax saving strategies in the final quarter of 2020. One such strategy involves the changes that were made to the charitable giving rules under the 2020 Cares Act.
December 21, 2020
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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.

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Towson, MD 21204

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E-mail : office@stoufferlegal.com

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Stouffer Legal, Elder Law Attorney, Towson, MD