The coronavirus health emergency is a reminder that life is unpredictable, and it makes sense to be prepared. It may sound self-serving, but the threats to life and finances posed by the pandemic offer ample reason to reevaluate your estate plan — or create one if you haven’t already. Experts recommend that you will need to […]
In yesterday’s Time to Think blog, we talked about providing for the possibility of a trust protector, a special fiduciary that adds dimension and flexibility to an estate plan. This brings to mind the issue of also providing for the possibility of other contemporary planning approaches into our estate planning and making sure we understand what those […]
Family time – it’s something we have much more of right now. For many of us it’s a good time to get back to basics – relationships, house work, shared values, past recollections, discussions of shared visions, shared dreams, and shared goals, stories of good times and bad, joys and sorrows. It’s also a good […]
What’s important right now for your estate planning? In short, three (3) things: locate all original documents – wills, trusts, powers of attorney, advance medical directives, memorandums – and review them for accuracy and any needed changes; revise and update all documents that require changes or updating, and check/verify all asset alignment and beneficiary designations to ensure continuity […]
Organization is another aspect of the maintenance and updating of your estate or elder law planning. It can and will save you money. But transcending mere financial considerations, organization can and will significantly ease the burdens of administration on your loved ones when the curtain of life’s Act Three closes. Don’t procrastinate – begin your […]
Remember all that tangible personal property you keep thinking about (furniture, jewelry, silver, clothing, collections, automobiles, boats, and all other furnishings and personal belongings)? This is an excellent time to continue the thought process about the disposition of this property to your loved ones, and to be proactive, where appropriate, in conversations with family members […]
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 […]
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 […]
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 […]
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 […]
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