As you think about your estate plan, whether creating it or updating it, it is likely that you view your personal property as either tangible property (that which can be physically touched or seen) or intangible property (that which has value but isn’t physical in nature). In recent years, however, another category of personal property […]
“Just Do” Your Estate Planning – Perfection Will Come Through a Lifetime Process By: Stephen R. Elville, J.D., LL.M. – Managing Principal and Lead Attorney – Elville and Associates, P.C. Lately I’ve been thinking about the theme Elville and Associates has been talking to clients about so much since late 2022 and now […]
Authored by: Renee Q. Boyd – Associate Attorney – Elville and Associates, P.C. Oftentimes when I meet with clients to discuss their estate planning needs or to review their documents, I am asked “If we move to another state, will our documents be valid in the new state?”. Generally, the answer is yes. It is […]
Introduction: When most people think about Estate Planning, they think about planning for how their assets (the estate) will be distributed when they die and how to facilitate smooth administration. But Estate Planning encompasses much more – it is also planning for and deciding who will manage your assets during your lifetime, if and when […]
Aid & Attendance – The “Secret” Benefit for Aging Veterans and their Spouses By: Lindsay V.R. Moss, Esq., Senior Principal, Elville and Associates, P.C., Lindsay@elvilleassociates.com Aid and Attendance Improved Pension Benefit (A&A), is a little known benefit offered through the Veteran’s Administration (VA) for Veterans and surviving spouses of Veterans. A&A can be used to […]
By: Shannon Werbeck – Associate Attorney – Elville and Associates, P.C. In initial consultations with clients, one of our main goals, among other things, is to determine which type of estate plan will best suit a client. The two main types of estate plans are a Last Will and Testament or a Revocable Living Trust. […]
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 […]
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 […]
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 […]
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 […]
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