Blog

Digital Assets – An Essential Component to Estate Planning

By:  Nicole T. Livingston – Associate Attorney, Elville and Associates, P.C. In 2016, the Maryland Fiduciary Access to Digital Assets Act became law.  This law allows your agent named in your power of attorney, a trustee named in your revocable living trust, or a personal representative named in your Last Will and Testament to obtain …

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Estate Planning Is Not “Permanent,” But a Continuous Process

By: Stephen R. Elville, J.D., LL.M. – Principal and Lead Attorney of Elville and Associates, P.C.   Most people approach estate planning as an important but long-put-off project. A natural tendency in this process is to view the planning as ”permanent” and ”forever”. This is a mistake and actually represents the first step towards plan …

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Governor Hogan’s Authorization of the Remote Notarization of Documents

By:  Stephen R. Elville, Principal and Lead Attorney of Elville and Associates, P.C.   “The issue of how important legal documents can be notarized during the COVID-19 emergency has been resolved.  Yesterday Governor Hogan waived the requirement of in-person notarization of documents and authorized the remote notarization of documents.  This important pronouncement means that the …

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Ensure You’re Educated About These Three Aspects of Incapacity Planning

By:  Stephen R. Elville, J.D., LL.M. – President and Principal Attorney of Elville and Associates, P.C.   Over the past several days many people have asked “what is important right now regarding estate planning/elder law and the coronavirus?” Although there are many responses to this question, and I am releasing a new article on this …

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Three Action Items That Are Important to You Estate Planning Right Now

By: Stephen R. Elville, J.D., LL.M. – President and Principal Attorney of Elville and Associates, P.C.   What’s important right now for your estate planning?  In short, three (3) things:  locate all original documents – wills, trusts, powers of attorney, advance medical directives, memorandums – and review them for accuracy and any needed changes; revise …

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Estate Planning and the Rewards of Peace of Mind, Clarity and Certainty

By: Stephen R. Elville, J.D., LL.M. – President and Principal Attorney of Elville and Associates, P.C. The process of estate planning is confusing and ambiguous for some people, and a real obstacle for others. No one really enjoys sitting down and discussing end-of-life issues or incapacity issues, let alone the sharing of personal information with a …

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The Tremendous Importance of Proper Beneficiary Designations in Your Estate Plan

By Stephen R. Elville, J.D., LL.M. — Principal and Lead Attorney of Elville and Associates, P.C. Beneficiary designations can make or break an estate plan. Without proper and accurate beneficiary designations, retirement plan assets can flow in unintended ways causing many potential problems including, but not limited to, the following: loss of lifetime stretch out of required …

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husband and wife holding toddler outside in the fall

Family Values as an Inheritance

Successfully addressing and legally formalizing inheritance of family values and assets can be challenging, especially if parents wait too long to begin instilling family values. Undoubtedly the best time to teach and empower your children as eventual inheritors of your family legacy is during childhood, then continuing throughout adulthood. Waiting until your later stages in …

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elderly persons hands

New Insights on Parkinson’s Disease Revealed

Parkinson’s disease is a neurodegenerative disorder that causes a progression of symptoms including, body tremors, limb rigidity, Bradykinesia (slow movement), as well as balance and gait problems. The cause of Parkinson’s disease (PD) remains largely unknown. One well-known indicator of PD is the dying off of predominately dopamine-producing neurons (dopaminergic) in a particular region of …

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lawyer sitting with client review documents

Taking Steps to Protect Your Child’s Inheritance

Estate planning for the future inheritance of your children and grandchildren should include protective measures to keep assets from disappearing or being claimed by a creditor.  A simple way to achieve inheritance protection is through a trust. A trust can pass your wealth bypassing probate. This allows specific trust provisions to ensure the money left …

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