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Recent Blog Posts

The Danger of Naming Your “Estate” as Your Life Insurance Beneficiary
We advise our clients to periodically review all accounts with beneficiary designations such as life insurance, retirement plans, annuities and the like. Part of comprehensive estate planning includes looking at these types of presumably non-probate assets to ensure the beneficiary designations match up with the client’s overall goals.
March 13, 2020
How Secure is Social Security?
Concerns over whether Social Security will survive as baby boomers age into retirement has been a growing issue on many Americans’ minds. The most recent government assessment notes that Social Security will not be able to meet the demands of its beneficiaries starting in 2035 without Congressional intervention.
March 12, 2020
2020 Census – Seniors Need to Be Counted
A constitutional mandate requires the federal government to conduct a census every 10 years and 2020 is the next one to take place. The 2020 Census is taking a new approach. For the first time, it will be conducted almost entirely online.
March 11, 2020
Patient Safety Movement – How We Can Help Our Seniors
In 2013, Joe Kiani founded the Patient Safety Movement after years of studying alarming statistics that revealed how many preventable deaths were occurring in hospitals. Seven years later the growing organization has almost 5000 hospitals across the nation committed to the mission of ZERO preventable deaths and as such those hospitals report over 90,000 lives saved each year.
March 10, 2020
Estate Planning and the Coronavirus
The recent spread of coronavirus has us thinking about estate planning during a possible pandemic.
March 10, 2020
Tax Season – How to File a Tax Return for a Special Needs Trust
We have written about the differences between a first-party special needs trust and a third-party special needs trust recently. With tax season upon us, we wanted to add more information pertaining to the differences in tax return requirements.
March 6, 2020
What You Need to Know About Minors Inheriting in Maryland
Under Maryland law, a child under the age of eighteen cannot inherit property in his or her own name. An adult must be designated to manage the assets inherited. Depending on how the inheritance occurs it will impact the manner in which it is managed on the child’s behalf.
March 5, 2020
Preventing Litigation Over Your Estate After You Pass Away
Avoiding family feuds is often an underlying motivation in developing a fair estate plan. Some items to consider that may help prevent costly and emotionally draining litigation later.
March 4, 2020
Top 5 Reasons You Need an Estate Plan Regardless of How Much Money You Have
Estate planning involves a lot more than wealth distribution and tax avoidance. Everyone over the age of eighteen needs a proper estate plan to protect current and future assets as well as safeguarding your health.
March 3, 2020
Money Management Concierge Services for Seniors
Many of our clients are caring for their aging parents who may not live in here in Maryland. One of the first areas of concern is money management.
February 28, 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.

Office Address:

658 Kenilworth Drive, Suite 203
Towson, MD 21204

Phone: (443) 470-3599

E-mail : office@stoufferlegal.com

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Stouffer Legal, Elder Law Attorney, Towson, MD