Blog

Educating the Beneficiaries and Fiduciaries of Your Estate Plan

Authored by:  Olivia R. Holcombe-Volke – Associate, olivia@elvilleassociates.com, 443-393-7696 A common source of concern for estate planning clients is the disconnect between an estate plan and the people involved in its actual implementation.  Clients almost always ask “how much of this should I share with my medical agent/financial attorney-in-fact/personal representative/trustee/beneficiaries?”  The fact is, informing those …

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Stephen R. Elville Presents on Topic of Psychiatric Advance Directive at NAMI Maryland Annual Conference

By: Jeffrey D. Stauffer, Community Relations Director –  jeff@elvilleassociates.com, 443-393-7696 On October 14th, Mr. Stephen R. Elville, principal of Elville and Associates, presented the topic of “Exploring the Nuances of the Advance Directive for Mental Health Treatment” at the National Alliance on Mental Illness Annual Conference at Shepherd Pratt Conference Center in Towson, Maryland. The presentation educated the …

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Elville and Associates to Sponsor 11th Annual Scarecrow Classic 5K Run/1 Mile Walk Hosted by Brain Injury Association of Maryland

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

Elville and Associates is pleased to announce it will sponsor the 11th Annual Scarecrow Classic 5K Run and 1 Mile Walk, to be held on Sunday, October 4, 2015 on the University of Maryland-Baltimore County campus.  For detailed information and to sign up for the event, visit biamd.org as the event nears and more details become available…

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Naming Guardians for Your Children

By:  Olivia R. Holcombe-Volke, Associate – olivia@elvilleassociates.com, 443-393-7696

It is common in meeting with clients who are either pregnant or have young children to learn that their driving motivation in contacting an estate planning attorney is to make sure their children are taken care of in the event that they (that is, the parents) die.  These clients should be applauded for addressing this important detail, rather than leaving it to chance…

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Some Practical Tips for Ensuring Seamless Implementation of Your Powers of Attorney

By: Verena Meiser, Senior Associate verena@elvilleassociates.com, 443-393-7696

You have a power of attorney in place to name agents who can handle your financial affairs during any periods of incapacity you might encounter. Is there anything you can do to make it easy for your agents to step up and act on your behalf? Yes, there are a few preliminary steps you can take to reduce challenges for your agents as they try to assist you…

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Stephen R. Elville, Esq. Speaks at Continuing Legal Education Series

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

Stephen R. Elville, Esq., Principal at Elville and Associates, spoke at the Anne Arundel County Department of Aging’s 24th Annual Caregivers’ Conference on Saturday, April 16th on the topic of “VA Aid & Attendance,” and on Wednesday, April 27th will be discussing with members “Enhancing the Maryland Statutory Power of Attorney” at the Anne Arundel Bar Association’s Continuing Legal Education Series…

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Asset Protection in the Long-Term Care Context

By: Stephen R. Elville, Esq. Principal steve@elvilleassociates.com, 443-393-7696

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 certain routine but little understood assets owned by most people, such as husband and wife property, IRAs, qualified plans, life insurance, and annuities…

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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 persons to serve as Guardian of your minor (under 18) children is of paramount importance…

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For Married Couples, Should You Develop a Joint or Individual Revocable Living Trust?

By:  Olivia R. Holcombe-Volke, Esq.olivia@elvilleassociates.com, 443-393-7696

When utilizing a Revocable Living Trust-based approach for the estate plan of a married couple, an important first step is deciding whether to develop a Joint Revocable Living Trust – one Trust covering both spouses – or whether to create two individual Revocable Living Trusts, one per spouse. There is no blanket rule to apply to all couples or all estates, rendering a thorough discussion with your estate planning attorney necessary…

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