Archive for the ‘Estate Planning’ Category

Apr. 13 2016

Asset Preservation in the Long-Term Care Context

By Steve Elville | Posted in Estate Planning | Comments Off on Asset Preservation in the Long-Term Care Context

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 | Comments Off on Back to the Basics: Trusts for Minors

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 | Comments Off on Why Do We Need an Estate Plan?

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. 08 2015

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

By Steve Elville | Posted in Estate Planning | Comments Off on Why We Ask Your Son or Daughter to Leave the Room When You Are Signing

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 | Comments Off on Should Trust Funds Be Distributed to Beneficiaries at Certain Ages?

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 | Comments Off on Have You Considered Planning for Your Digital Assets in Your Estate Plan?

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 | Comments Off on There Are Two Power of Attorney Forms in Maryland—Should You Have Both?

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 | Comments Off on The Key to Successful Trusteeship – Fiduciary Character

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

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 | Comments Off on A Good Rule of Thumb for Updating an Estate Plan

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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