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Jan. 17 2019

Today’s Elville Thought of the Day

By Steve Elville | Posted in Estate Planning | No Comments

Sometimes a professional trustee will work with a financial advisor or other financial professional to establish a trust budget that will guarantee fiscal security well into the future. In many cases, the budgeting process will also call for a detailed professional evaluation of a beneficiary’s current and future needs. This is often undertaken by a professional care manager or by a team of medical professional and social workers. Trust budgeting is an incredibly important trustee duty, and a trustee without a budget is like a traveler without a map — completely lost. If you have been serving as a trustee of a trust and you don’t have a trust budget in place, there’s no time like the present to establish one.   #elvilleeducation

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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