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Estate Planning for Entrepreneurs
Many entrepreneurs have complicated financial situations and may need both a CPA and an experienced estate planning attorney involved in the process of creating an estate plan. The main reason for including the CPA is that many entrepreneurs have business interests spread out over several different entities.
April 5, 2021
Basic Rules of Asset Protection Planning
Asset protection planning involves strategies that protect certain types of assets from being exposed to future risks. Examples of those risks may involve divorce, creditors or lawsuits.
April 2, 2021
A Good Will Can Be a Beautiful Thing
Wills are often dry, technical documents. However, they can be beautiful things. Wills can be beautiful, if done correctly and for the best intentions, according to Nasdaq in "A Will Can Be a Beautiful Thing."
April 1, 2021
Burial or Cremation? Deciding in Advance
It may be surprising that comprehensive estate planning also takes into consideration issues related to funeral and burial instructions. With the shocking costs of traditional burial arrangements, the option for cremation is thoughtfully considered during the estate planning process.
March 31, 2021
5 Tips to Stay Organized as an Elderly Relative’s Financial Power of Attorney
In addition to managing your own family’s finances, you may find yourself in the position of taking over for your aging parents, in-laws or other elderly relatives. This can be overwhelming, especially if there are a lot of assets to manage and several accounts to reconcile.
March 29, 2021
Estate Planning for New Parents
Many anticipated a huge baby boom resulting from pandemic lockdowns. Sociologist and demographer, Philip Cohen at the University of Maryland monitored the changes in family planning throughout the pandemic and found that the birth rate actually dropped.
March 26, 2021
Senior Adults and Identity Theft – How to Protect Against It
Senior adults can be more susceptible to identity theft than others. Identity theft is a crime that is on the rise. It involves a criminal stealing personal identifying information to create a new identity or to steal money from the victim.
March 25, 2021
How is Step-Up in Basis Calculated?
Tax basis is the amount of the taxpayer’s investment in a particular asset. The basis is used to calculate depreciation and amortization for tax purposes.
March 24, 2021
Helping Seniors Survive Allergy Season
Coughing, sneezing and watery eyes can be greatly feared symptoms during the current COVID-19 pandemic, but during the spring, the culprit could simply be allergies. As pollen fills the air, seniors may find themselves struggling to breath and presenting with cold/flu/COVID-like symptoms.
March 22, 2021
Tax Breaks for Family Caregivers
Tax season is in full swing with the filing deadline quickly approaching on April 15. Many family caregivers who provide time and money to elderly relatives may qualify for some tax advantages that will reduce the amount of taxes owed.
March 19, 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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Stouffer Legal, Elder Law Attorney, Towson, MD