Archive for the ‘Estate Planning’ Category

Sep. 29 2016

Today’s Thought of the Day!

By Steve Elville | Posted in Estate Planning | No Comments

Despite the tax and other advantages of marriage, for older couples there are other considerations unrelated to the conventional protection of assets, such as the realities associated with how the Medicaid laws treat assets owned by individual spouses. Although this treatment varies from state to state, in Maryland the rigorous segregation of spousal assets over […]

Jun. 08 2016

The Elville Center for the Creative Arts!

By Steve Elville | Posted in Estate Planning | No Comments

The attorneys and staff of Elville and Associates are proud of the firm’s charitable organization – the Elville Center for the Creative Arts. Founded on June 30, 2014 by Elville and Associates’ principal and lead attorney Stephen R. Elville, J.D., LL.M., the Elville Center is a 501(c)(iii) non-profit corporation that partners with local and regional […]

May. 19 2016

The Elville Center Helps Bring Music to The Children’s Home

By Steve Elville | Posted in Estate Planning | No Comments

By:  Jeffrey D. Stauffer – Director, jeff@elvillecenter.org, 443-393-7696 In March, The Elville Center developed a relationship with a truly unique organization that makes a difference in the lives of young people in its community, The Children’s Home in Catonsville.  Established in 1863, The Children’s Home (TCH) is a non-profit residential care facility that provides services […]

Apr. 13 2016

Asset Preservation in the Long-Term Care Context

By Steve Elville | Posted in Estate Planning | No Comments

Authored by:  Stephen R. Elville, Esq. – Elville and Associates, P.C. – 443-393-7696, steve@elvilleassociates.com, www.elvilleassociates.com Asset protection takes different forms depending on the situation.  During lifetime, with the exception of domestic asset protection jurisdictions such as Delaware, Nevada, Alaska, South Dakota, Wyoming, and approximately nine (9) others, asset protection is difficult to achieve, except in […]

Apr. 04 2016

Back to the Basics: Trusts for Minors

By Steve Elville | Posted in Estate Planning | No Comments

By:  Matthew F. Penater, Esq., Partner – Elville and Associates, matt@elvilleassociates.com, 443-393-7696   The first time most people think about getting a Will is when they have their first child.  The common thought is “Who will raise our kids should both parents pass away?”  This is a legitimate and serious concern.  Naming a person or […]

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 […]

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