Archive for the ‘Estate Planning’ Category

Nov. 22 2021

End of Year 2021 Tax Legislation Update – The Eagle Has Not Landed (But The Geese Have) 

By Steve Elville | Posted in Estate Planning | Comments Off on End of Year 2021 Tax Legislation Update – The Eagle Has Not Landed (But The Geese Have) 

End of Year 2021 Tax Legislation Update – The Eagle Has Not Landed (But The Geese Have)  By:  Stephen R. Elville – Managing Principal and Lead Attorney – Elville and Associates, P.C.  Here on the east coast when a hurricane or tropical storm is first identified in the Caribbean Sea or Gulf of Mexico, what do we do?  If you are like my […]

Oct. 27 2021

Inheriting Real Estate

By Steve Elville | Posted in Estate Planning | Comments Off on Inheriting Real Estate

When Inheriting Real Estate, Consider Your Options Inheriting real estate from your parents is either a blessing or a burden — or a little bit of both. Figuring out what to do with the property can be overwhelming, so it is good to carefully think through your choices. There are three main options when you […]

Sep. 28 2021

Leaving an IRA to a Special Needs Trust Is No Longer Such a Bad Idea

By Steve Elville | Posted in Estate Planning | Comments Off on Leaving an IRA to a Special Needs Trust Is No Longer Such a Bad Idea

By: Stephen R. Elville, J.D., LL.M. – Managing Principal and Lead Attorney – Elville and Associates, P.C. The SECURE Act, passed at the end of 2019, changed a number of rules regarding inherited IRAs, making it more difficult for most beneficiaries to save on taxes by “stretching” distributions over many years. However, an exception to […]

Jul. 02 2021

Potential 2021-2022 Tax Increases – What You Should Know and What You Can Do About Them

By Steve Elville | Posted in Estate Planning | Comments Off on Potential 2021-2022 Tax Increases – What You Should Know and What You Can Do About Them

At the outset, you should understand that my purpose here is to alert clients, professional advisors, and others that the following information should be given credence and thoughtful consideration for the protection of assets, inheritances, and your general legacy, all of which may now be considered to be under attack (for all practical purposes) in […]

Mar. 26 2021

The Financial Planning Aspects of Estate Planning

By Steve Elville | Posted in Estate Planning | Comments Off on The Financial Planning Aspects of Estate Planning

The Financial Planning Aspects of Estate Planning By:  Olivia R. Holcombe-Volke, J.D. – Senior Principal – Elville and Associates, P.C. Initially, my thoughts on this topic – “Financial Planning Aspects of Estate Planning” – were to elucidate and emphasize the importance of working with a financial planner (as well as a tax planner) as part […]

Dec. 22 2020

A Letter of Wishes, By Any Other Name

By Steve Elville | Posted in Estate Planning | Comments Off on A Letter of Wishes, By Any Other Name

A Letter of Wishes, By Any Other Name, Authored by: Olivia R. Holcombe-Volke, J.D. – Partner and Senior Estate Planning Attorney – Elville and Associates, P.C. Sometimes called a Letter of Intent, a Letter of Instruction, a Letter of Desires – Regardless of the Title, the Import is the Point Imagine – as unpleasant as it […]

Nov. 05 2020

Preparing for Possible Tax Law Changes after the Election

By Steve Elville | Posted in Estate Planning | Comments Off on Preparing for Possible Tax Law Changes after the Election

The 2020 election is upon us. The recent past has taught us that trying to predict the results of an election can be futile at best. Still, our clients need timely counsel regarding their wealth management, and it is our role as advisors to keep them as informed as possible when it comes to potential […]

Oct. 03 2020

The Philosophy of an Estate Planning Client Care Program – Intentionalism

By Steve Elville | Posted in Estate Planning | Comments Off on The Philosophy of an Estate Planning Client Care Program – Intentionalism

By: Stephen R. Elville, Managing Principal, Elville and Associates, P.C. You are searching for a client care program (whether you know it or not). Yes, you are. Whether you are consciously aware of this is the purpose of this article. You do want your estate plan – your Last Will and Testament; or your will […]

Jul. 07 2020

Steve’s Thought of the Day

By Steve Elville | Posted in Estate Planning | Comments Off on Steve’s Thought of the Day

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 […]

Apr. 08 2020

Steve’s Thought of the Day

By Steve Elville | Posted in Estate Planning | Comments Off on Steve’s Thought of the Day

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 […]

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