Planning for Life
Planning for Legacies

Elder law is a vital part of estate planning for individuals aged 55 and older, as well as those facing disability or chronic illness. In Maryland, where the cost of long-term care continues to rise, proper planning can make all the difference. Elder law focuses on protecting your assets in the context of Medicaid eligibility, ensuring you can access the care you need without depleting your life savings.

Unlike traditional estate planning, which often prioritizes tax strategies, elder law is about preserving your wealth, maintaining your independence, and preparing for potential incapacity. Our experienced team is here to guide you through long-term care planning, Medicaid strategies, and asset protection, so you and your loved ones can face the future with confidence.

Estate and Trust Administration is arguably the most important aspect of our work at Elville Associates, as it represents the final phase of the client’s estate planning. It is at this final administration stage of the estate or elder law plan that assets are distributed in the manner chosen by the client – grandchildren’s education trusts are funded, children’s assets protection trusts (Legacy Trusts) are funded, surviving spouses are provided for, special needs children receive their shares in the proper fashion, estate tax elections are made, and much more. Because of the importance of proper estate and trust administration, it is critical not to “go it alone” and, even more importantly, not to ignore the passage of time, as many critical dates and related actions are required after death.

When addressing a special needs planning situation, be sure to speak with an attorney who understands the nuances of the special needs planning process. Elville and Associates’ Stephen R. Elville, J.D., LL.M., Principal, is a member of the Academy of Special Needs Planners and is highly experienced in the special needs planning arena. Contact our office today with any questions related to your special needs situation.