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Jul. 09 2014

Today’s Thought of the Day!

By Steve Elville | Posted in Estate Planning, Staff Blogs | No Comments

Many estate planning clients own income producing real estate (rentals). While a Maryland LLC (limited liability company) may be utilized to own and manage such real property, owners should know that a Maryland LLC does not protect the owner from claims of the “outside” creditors of the owner.

Stephen R. Elville, JD, LL.M

Elville & Associates, P.C.
9192 Red Branch Road
Suites 100 & 300
Columbia, Maryland 21045
 
Planning for Life, Planning for Legacies
 
443-393-7696 (Main Number)
443-393-7697 (Facsimile)
443-741-3446 (Baltimore calling area)
301-272-8874 (Montgomery Co/DC/Northern Va. calling area)

 Steve Elville, of Elville and Assocaites, posts a THOUGHT OF THE DAY, daily on his website.  Check it out at http://www.elvilleassociates.com/

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Steve Elville

About

Elville & Associates engages clients in a multi-step educational process to ensure that estate and elder law planning works from inception, throughout lifetime, and at death. Clients are encouraged to take advantage of the Planning Team Concept for leading edge, customized planning. Legal Services Include: Wills, Trusts, Estate Tax Planning, Powers of Attorney, Living Wills/Advance Medical Directives, Medicaid Asset Protection Trusts, Medicaid Planning and Qualification, Estate Administration, Fiduciary Representation, Nursing Home Selection, Guardianships, Special Needs Planning for children and adults, Social Security Disability Income (SSDI), Supplemental Security Income (SSI), and IRS tax controversy.

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