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Estate Planning Benefits of ESOPS for Business Owners
Baby boomer business owners will be looking to retire in droves over the next decade and this could result in more businesses for sale than can meet the demand to buy. This will likely drive prices down and make business succession strategies more difficult to accomplish retirement goals.
June 21, 2021
Solo Aging and the Challenges it Brings
For some seniors in the baby boomer generation aging brings with it new challenges in the form of solo aging. Solo aging is a senior who has no children and no younger (or healthier) family members to assist them as they age.
June 17, 2021
Top 5 Misconceptions About Aging
Each day almost 10,000 U.S. residents turn 65 years of age. Those 65 and older will make up roughly 20 percent of the total U.S. population by the end of this decade.
June 16, 2021
What You Need to Know in 2021 About Medicare Plan D: Prescription Drugs
Private insurers contract with the federal Medicare program to offer limited insurance coverage of prescription drugs for qualifying elderly and disabled persons. This is known as Medicare Part D.
June 14, 2021
A Lost Will Can Create Many a Problem
If you have created a will but have lost track of it problems can arise as the Napa Valley Register discusses in its column "Is lost will still valid?," where a couple had questions on what might happen to their will.
June 10, 2021
Immediate Versus “Springing” Power of Attorney
A power of attorney document names someone you trust to act on your behalf. The language used in the document will determine the powers given to the trusted individual and the circumstances in which the power is conferred.
June 9, 2021
Estate Planning for Single Parents
All parents weigh very important decisions when it comes to their children’s future and well-being. Creating an estate plan allows parents to voice those decisions and help ensure specific instructions are carried out even if the parents are no longer available due to death or incapacity.
June 7, 2021
The Basics of Medicaid Estate Recovery
Medicaid is a health insurance program for low-income individuals funded by federal, state and county funds. Certain children, elderly, blind and/or disabled who are U.S. citizens, nationals, permanent residents, or legal aliens may be eligible to receive payouts from Medicaid.
June 4, 2021
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
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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