Archive for the ‘Estate Planning’ Category

Feb. 05 2016

Today’s Thought of the Day!

By Steve Elville | Posted in Estate Planning | No Comments

Your power of attorney document can serve as a platform that allows your agent to implement certain aspects of your estate planning for you if you are unable to do it yourself.  This is a powerful technique where changed circumstances arise, with particular application in long-term care asset preservation, special needs planning, and other areas […]

Oct. 05 2015

Why Do We Need an Estate Plan?

By Steve Elville | Posted in Estate Planning | No Comments

Authored by:  Matthew F. Penater, Partner – Elville and Associates Why do we need an estate plan?  Really, why do we need to put our energy into reviewing our assets, hiring an estate planning attorney, making potentially difficult decisions about life-changing events, and talking about our ultimate demise?  Because, as my college Ethics professor said, […]

Sep. 24 2015

Appointing Co-Personal Representatives is a Potential Recipe for Trouble

By Steve Elville | Posted in Estate Planning | No Comments

By: David A. (Andy) Hall, Esq. – Elville and Associates, P.C. 443-393-7696, andy@elvilleassociates.com Ask your estate planning attorney whether you it is advisable to appoint co-personal representatives.  Co-personal representatives are two (or more) people named as personal representative simultaneously.   Successor personal representatives are named as backups in case your first choice is unable to serve […]

Sep. 08 2015

Why We Ask Your Son or Daughter to Leave the Room When You Are Signing

By Steve Elville | Posted in Estate Planning | No Comments

By David A. (Andy) Hall, Esq. The sad reality that even with the best prepared estate plan there can be instances where a family member, or some other individual challenges your will after your death.  Often times, if you have enough resources to carefully prepare your estate plan, then you have enough resources for descendants […]

Aug. 04 2015

Should Trust Funds Be Distributed to Beneficiaries at Certain Ages?

By Steve Elville | Posted in Estate Planning | No Comments

By: Olivia R. Holcombe-Volke, Esq. – Elville and Associates – 443-393-7696, olivia@elvilleassociates.com   A common understanding of testamentary trusts (that is, trusts that come into existence after a testator’s death in order to hold the assets inherited by a beneficiary) is that the beneficiary of a trust will receive her trust funds at a particular […]

Jul. 27 2015

Have You Considered Planning for Your Digital Assets in Your Estate Plan?

By Steve Elville | Posted in Estate Planning | No Comments

Authored by:  Ollvia R. Holcombe-Volke, Esq. – Elville and Associates – 443-393-7696, olivia@elvilleassociates.com The law regarding digital assets is evolving, though its ability to keep pace with the evolution of digital assets themselves is an impossibility.  These days, most, if not all, photographs, personal communications, and personal information are digitally stored – not to mention […]

Jun. 30 2015

There Are Two Power of Attorney Forms in Maryland—Should You Have Both?

By Steve Elville | Posted in Estate Planning | No Comments

Authored by: Olivia Holcombe-Volke, Esq. – Elville and Associates – 443-393-7696, olivia@elvilleassociates.com The Maryland Statutory Power of Attorney (MSPOA) is a literal creature of statute – it is in a form that is set forth by Maryland Estates and Trust Code Section 17-202.  It is statutorily mandated to be accepted by receiving institutions – if […]

Jun. 15 2015

The Key to Successful Trusteeship – Fiduciary Character

By Steve Elville | Posted in Estate Planning | No Comments

Authored by:  Verena Meiser, Esq.—Elville and Associates, 443-393-7696, verena@elvilleassociates.com What does it take for a trustee to serve well?  If you feel a bit uncertain how to respond to this question you are not alone, given that (1) the number of trustees grows daily with the number of new trusts and assets held in trust, […]

Jun. 05 2015

Do You Want to Protect Your Personal Assets from the Claims of Business Creditors? Here’s How…

By Steve Elville | Posted in Estate Planning | No Comments

By:  Matthew F. Penater, Esq.- matt@elvilleassociates.com, 443-393-7696     Creating a corporation or other limited liability entity is the first step to protecting your personal assets from claims of business creditors. However, failure to adhere to the requirements of the corporate code could reduce that corporate protection. Holding annual meetings, maintaining corporate records, and properly […]

Apr. 21 2015

A Good Rule of Thumb for Updating an Estate Plan

By Steve Elville | Posted in Estate Planning | No Comments

Authored by:  Verena Meiser, Esquire—Elville and Associates verena@elvilleassociates.com, 443-393-7696   Several years ago I heard this simple rule of thumb, which I like to share with my clients, since they like to know how frequently they should review their estate plan: Rule of Thumb: A good time to review your estate plan and update your […]

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