Stephen Elville Offers Guidance to Advisors During Panel Discussion at Financial Planners Association Spring Symposium

June 7, 2016

By: Jeffrey D. Stauffer, Community Relations Director jeff@elvilleassociates.com, 443-393-7696

Stephen R. Elville, Esq., Principal at the elder law, estate and special needs planning firm of Elville and Associates, was part of a panel discussion titled, “As Clients Age, the Next Wave of Challenges” at The Financial Planners Association of Maryland Spring Symposium on Thursday, May 26th in Columbia.

Also participating on the panel were Ms. Kim Natovitz of TriBridge Partners and Ms. Mary Faith Ferreto of Ferreto Elder Care Consulting. The three experts in their fields provided insight to the financial planners in attendance about what they are seeing in their work with aging clients.

The primary goal of the panel was to help the attendees understand the next wave of challenges with aging clients and the need to develop an understanding of what is to come so advisors are prepared to serve these clients now – as opposed to waiting for a crisis to occur.

Mr. Elville addressed the discussion from a legal perspective, talking about the importance of financial powers of attorney, maintaining agents and the overall importance of keeping documents up-to-date and staying in touch with clients through a comprehensive client maintenance and updating program, as well as the importance of having documents that provide flexibility for both the grantors and agents. Mr. Elville also discussed the importance of having a comprehensive planning team in place for clients – which would include an attorney, a financial advisor, insurance professional, geriatric care manager, and others as appropriate.

Mr. Elville works with individuals and families to provide a unique attorney-client experience and peace of mind solutions to the challenges they face with estate, asset protection, and tax planning issues, and with disability and a long-term care planning issues. He has extensive experience in working with clients involved in crisis situations. He also brings a unique and personalized approach to pre-crisis planning. Mr. Elville routinely handles clients issues in the followings areas: wills, trusts, powers of attorney, living wills/advance medical directives, Medicaid asset protection trusts, Medicaid planning and qualification, estate administration, fiduciary representation, nursing home selection, guardianships, special needs planning for children and adults, Social Security Disability Income (SSDI), Supplemental Security Income (SSI) and IRS tax controversy.

Mr. Elville was named to the Maryland Super Lawyers list for 2015, and is a member of the National Association of Elder Law Attorneys, Elder Counsel, Wealth Counsel, the Academy of Special Needs Planners, and the National Network of Estate Planning Attorneys. He currently serves as a member of the Maryland State Bar Association Elder Law Section Council and the Charitable Gift Planning Advisory Committee for Anne Arundel Medical Center. He also serves as Chair for Law Day Maryland.

He is a frequent guest presenter for banks and credit unions, businesses, associations, hospitals, and other facilities and groups. He provides continuing education for financial advisors and CPAs, and is a guest lecturer for the National Business Institute. Mr. Elville’s daily blog appears on WBJC.com and on elvilleassociates-staging.bgbshlgq-liquidwebsites.com and his articles have appeared in The Business Monthly.