Archive for the ‘Estate Planning’ Category

Sep. 03 2015

Today’s Thought of the Day!

By Steve Elville | Posted in Estate Planning | No Comments

A special needs trust is designed to supplement the income of an individual with special needs so that he or she can maintain access to government benefits without necessarily sacrificing their standard of living. But government benefits like Supplemental Security Income (SSI) and Medicaid prohibit the trustee of a special needs trust from simply giving […]

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 […]

Apr. 14 2015

The First Meeting with Your Estate Planning Attorney

By Steve Elville | Posted in Estate Planning | No Comments

By:  Verena Meiser, Esq.—verena@elvilleassociates.com, 443-393-7696 New clients often wonder what to expect from their first meeting with their estate planning attorney and how to prepare for the meeting.  Whether you already have an estate plan or are ready to set up your first estate plan, expect to have an open conversation with your estate planning […]

Apr. 09 2015

Providing Personalization to Your Advanced Medical Directive

By Steve Elville | Posted in Estate Planning | No Comments

By: Olivia R. Holcombe-Volke, Esq. It is rare to find someone who enjoys contemplating what they want done in the event they are suffering from a terminal condition that will lead to death, or are in a persistent vegetative state, or are incapacitated and affected by an end stage condition that will continue until one’s […]

Apr. 01 2015

Disinheriting a Spouse – Statutory Limitation in Maryland

By Steve Elville | Posted in Estate Planning | No Comments

Authored by:  Bridgette E. Becker, Esq. – 443-393-7696, bridgette@elvilleassociates.com Estate planning attorneys have clients with many different situations prompting the need for scheduling consultations to discuss estate planning.  Every so often, an attorney has a client come to their office with the intention of disinheriting a family member who would otherwise inherit under the laws […]

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