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Financial Exploitation — Frauds and Scams Targeting Seniors

It is estimated that seniors are scammed out of $36 billion dollars per year in financial exploitation. Such exploitation occurs whenever older adults are deprived of their property by improper means. This commonly includes fraud, theft or deceptive behavior. Often the perpetrator of this behavior is a family member, caregiver, or someone who has a …

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Trustee Selection — How to Choose the Right One for You

Elville and Associates’ Managing Principal and Lead Attorney Stephen Elville offers this webinar discussion about the very important topic of how to select a Trustee. Choosing a Trustee is one of the most intensive pieces of the estate planning process, and a choice not to be taken lightly. Ensure you’re educated about all the factors …

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March Is National Developmental Disabilities Awareness Month!

Authored by: Stephen R. Elville – Managing Principal and Lead Attorney – Elville and Associates, P.C. March is National Developmental Disabilities Awareness Month!  Elville and Associates is very privileged and honored to work with persons with disabilities and their families, and to be a part of the disability and special needs community for the past …

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What Documents Are Required for a Medicaid Application?

Medicaid applicants must prove that they have limited income and assets in order to be eligible for long-term care services. Before beginning the Medicaid application process, it is helpful to understand what information you will be required to provide to prove your eligibility.  Medicaid is a state-run program, so the rules can vary from state …

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Trustee Compensation – What Is Reasonable and What Factors Should Be Considered?

Serving as a trustee of a trust can be a huge responsibility, so trustees are entitled to compensation for their work. The amount of trustee compensation depends on the type of trustee and the complexity of the trust.  Depending on the trust, a trustee’s duties can include managing trust assets, making distributions to beneficiaries, paying …

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Hands in shape of heart

If You Don’t Want an IRA Distribution, You Can Donate It to Charity

Not everyone wants to take the required minimum distributions from their retirement accounts right away. If you don’t want your IRA distribution, one option is to donate it to charity and get a tax deduction.  You are required to begin taking IRA distributions from your tax-deferred IRA when you reach age 72 (70 ½ if you turned …

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Often-Overlooked Earned Income Tax Credit Expanded, Now Covers More People with Disabilities

For tax year 2021, the IRS is expanding eligibility for the earned income tax credit (EITC), an important antipoverty measure that assists those with low-incomes. One key impact of these changes is that more people without children, many of whom are also people with disabilities, will qualify. Traditionally people with disabilities have “left money on the …

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Putting It All Together – A Diagnosis to Adulthood Guide of Navigating the Disability World

Elville and Associates welcomes back guest presenter Eric Jorgensen, a Special Needs Advisor with Special Needs Navigator who provides a complete timeline overview of what families and the professionals they work with can expect from the original diagnosis until the child survives the parents. Eric highlights key times when specific planning items such as completing …

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