Archive for the ‘Estate Planning’ Category
The Elville Center for the Creative Arts!
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 […]
The Elville Center Helps Bring Music to The Children’s Home
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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, […]
