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Letter of Competency: Why You Need It and How to Get It
Adding one very simple step in your estate planning process can reduce the potential for family discord later should one of your aging loved ones exhibit signs of dementia or forgetfulness. This could lead other family members to wonder whether the person knew what he was doing when drafting and signing estate planning documents.
August 6, 2020
How the Coronavirus Pandemic is Shedding Light on Ageism
An argument can be made that the policies implemented as a response to the Covid-19 pandemic seemingly devalue the lives of the elderly. Older Americans face more risk of serious illness as well as death from the virus, and the failure of politicians and medical experts to prioritize their care has resulted in more deaths in that age bracket – some of which may have been preventable.
August 5, 2020
The Five Most Popular Types of Trusts
There are many different types of trusts that will accomplish various estate planning and wealth planning goals. Each type of trust can provide great benefit but if it is not the correct trust for your situation it can waste your money and prevent you from realizing your overall objectives.
August 3, 2020
Making the Beneficiary Designation of Certain Assets as the Living Trust Itself – When Does this Accomplish Your Goals and When Does this Elude Them?
A living trust is a legal document created during a person’s lifetime where a trustee manages the assets that fund said trust for the benefit of the named beneficiaries who receive the assets at the grantor’s death or at some other designated time/event per the terms of the trust.
July 31, 2020
Is a Spouse Obligated to Notify the Other Spouse of Estate Plans?
In short, the answer is no. While unusual, a spouse has no obligation of notification to the other spouse that any type of estate plan- being the construction of a trust, drafting of a will or any health care directives have been executed.
July 30, 2020
As a Business Owner, Do I Need a Buy-Sell Agreement?
A Business Succession Plan is a living document that outlines the transition of ownership to ensure continuity of the business in the event of an owner’s death or incapacity. A buy-sell agreement is often a large component of the succession plan.
July 29, 2020
Steps to Take When Someone Breaches a Fiduciary Duty
A fiduciary is a person or entity entrusted with power to act on behalf of another with that person’s best interests steering the decisions
July 28, 2020
Are There Restrictions on Who Can Be Named a Beneficiary in a Will?
A critical component of executing your Last Will and Testament is selecting your beneficiaries. Generally, you can name anyone you want to be a beneficiary with the exception of the witnesses signing the attestation clauses to validate your will. All beneficiaries must also be living. A deceased person cannot inherit property.
July 27, 2020
Looking at Ways the 2020 Pandemic Will Impact Long Term Care Insurance
Long term care insurance covers care when placed in a nursing home facility and depending on the terms of the specific policy, may also cover some types of in-home care. Many now wonder how the pandemic of 2020 will impact long term care insurance now and going forward.
July 24, 2020
3 Common Mistakes with Pet Trusts
Whether it is your precious pup, a thoroughbred horse or an exotic tiger, it is important to consider how your beloved pet will be cared for in the event you pass away, become incapacitated or simply can no longer provide sufficient care. We often advise clients to create a pet trust which is a legal document that offers instructions for the continuing care of your pet(s).
July 23, 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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Stouffer Legal, Elder Law Attorney, Towson, MD