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2021 End-of-Year Estate Planning Checklist
While this time of year can be extremely busy, carve out some time to make sure your affairs are in order. Review the following checklist and make note of the items you need to address. Checklist:
December 1, 2021
What is a Child Protection Plan?
If you and your spouse die or become incapacitated in a tragic accident and you have minor children, law enforcement will have to find a place for your children to reside immediately.
November 29, 2021
What are the Consequences of Receiving a Gift or Inheritance from Someone Who is not a US Citizen?
This holiday season you may benefit from large gifts or an inheritance from relatives who are citizens of another country. First, the good news - the United States government does not impose a tax liability on the recipient of gifts or inheritances regardless of the donor’s immigration status.
November 26, 2021
Seniors Heading Back to Work
Many of the 50-year-old and older workers are raising children and helping aging parents, and it is putting a strain on budgets. There are over 3 million seniors or near-seniors looking for full-time employment and millions more looking for part-time work.
November 25, 2021
Year End Gifting: Avoid these Mistakes!
Writing a check and slipping it into your grandchildren’s stocking may have more consequences than you realize. Gifting assets is not simple and straightforward.
November 24, 2021
How to Transition the Family Business to the Next Generation
Start planning sooner rather than later when it comes to family business succession planning. It often takes years to complete the process as the transition may need to occur in phases.
November 22, 2021
The Impact of Normal Aging on Thinking and Memory
Like all the other parts of the body, the brain also deteriorates and changes through the normal aging process. The brain manages memory and thinking and regulates all mental processes.
November 19, 2021
Tips for Maintaining the Peace Among Your Heirs
You may spend a tremendous amount of time, money and energy deciding how to distribute your assets to your loved ones after your death. It may be necessary to spend even more time and attention on having conversations while you are still alive that will prevent discord later.
November 18, 2021
Strategies for a Rising Tax Environment
With the probability of tax hikes in all categories in the near future, many clients voice concerns over planning strategies in this type of rising tax environment. Specifically, they ask, “What are some sound strategies for a rising tax environment that can be implemented before the end of 2021 to minimize tax liability and sure up long-term financial wellness?”
November 17, 2021
The Infrastructure Legislation and its Implications on the Elderly/Veterans
This year continues to show us that it is still increasingly difficult to predict the future. That makes all types of planning for the future - planning for retirement, long-term care, disabilities or death- more complicated as well.
November 15, 2021
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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