Blog

Aid & Attendance – The Secret Benefit for Aging Veterans and Their Spouses

By:  Lindsay V.R. Moss, J.D. lindsay@elvilleassociates.com Aid and Attendance Improved Pension Benefit … never heard of it?  If so, you are not alone.  It’s a little known benefit offered through the Veterans Administration (VA) for Veterans and spouses of Veterans.  Aid & Attendance can be used to cover the cost of in-home health care, or …

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Do You Wish to Resign from Your Position as Trustee of a Trust?

Authored by: Verena Meiser, Senior Associate, verena@elvilleassociates.com If you’ve served as Trustee of a trust that benefits a family member or a friend, the time may come when you know you want to resign. You don’t need to have a particular reason to resign. Perhaps, the administration of the trust property is taking more time …

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How the Social Security Administration Treats an SSI Beneficiary’s Income

By: Stephen R. Elville, Esq. – steve@elvilleassociates.com The rules for how income will reduce a Supplemental Security Income (SSI) beneficiary’s monthly benefit can be very confusing.  Here is a quick look at how the Social Security Administration (SSA) treats an SSI beneficiary’s income. In general, every dollar of unearned income (such as interest or dividends) received by an SSI …

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An Understanding of Life Estate Deeds, Part 3 of 3

Authored by: Olivia R. Holcombe-Volke, Esq., 443-393-7696, olivia@elvilleassociates.com  In this final posting of my three-part coverage of life estate deeds, I will address the form of life estate deed that is “without powers.” A life estate deed “without powers” means that the life estate tenant cannot sell, mortgage, assign, or otherwise encumber the property without …

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Appointing Co-Personal Representatives is a Potential Recipe for Trouble

By: David A. (Andy) Hall, Esq. – Elville and Associates, P.C. 443-393-7696, andy@elvilleassociates.com Ask your estate planning attorney whether you it is advisable to appoint co-personal representatives. Co-personal representatives are two (or more) people named as personal representative simultaneously.  Successor personal representatives are named as backups in case your first choice is unable to serve …

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Why Do We Need an Estate Plan?

Authored by: Matthew F. Penater, Partner – Elville and Associates 443-393-7696, matt@elvilleassociates.com 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 …

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Removing the Personal Representative of an Estate

By David A. (Andy) Hall, Esq. – Elville and Associates 443-393-7696, andy@elvilleassociates.com Here is the scenario: You are a legatee under a will, which means that you are entitled to receive any property disposed of by will, including property disposed of in a residuary clause and assets passing by the exercise by the decedent of …

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