By: Stephen R. Elville – Managing Principal and Lead Attorney – Elville and Associates, P.C. Every good estate plan (a will-based plan or trust-driven plan) should address contingencies. Some of these contingencies are basic and commonsensical, such as what happens if the individual beneficiary or charitable organization you leave property to does not survive you …
People whose disabilities arose later in life will be able to open Maryland ABLE savings accounts if a bill just reintroduced in Congress, the ABLE Age Adjustment Act, becomes law. In 2014, Congress passed the Achieving a Better Life Experience (ABLE) Act, which created a new form of tax-free savings account for people with disabilities …
Eligibility for Maryland ABLE Accounts to Expand with New Age Adjustment Act Read More »
This webinar is an in depth overview that thoroughly educates attendees about the essentials of estate and elder law planning. Presented by Elville and Associates’ Managing Principal and Lead Attorney Stephen R. Elville, in our Estate Planning and Elder Law Essentials webinar Steve thoroughly educates attendees about estate planning and incapacity planning issues. Some of …
Estate Planning and Elder Law Essentials with Stephen Elville Read More »
The “For the 99.5%” Act was introduced on March 25, 2021 by Senator Bernie Sanders. This proposed Act represents the beginning of the real discussion surrounding the long-awaited Biden-era tax increases. Among many things being proposed in the For the 99.5% Act are a reduction in the federal estate tax exemption to $3.5 million per …
Over the years, many people have asked me about long-term care asset protection in light of Medicaid spend-down requirements. How many? Hundreds, possibly thousands. And yet, how is possible it that so many people do little or no planning for long-term care and wait for a crisis to occur? Long-Term Care Asset Protection Laws …
Long-Term Care Asset Protection – What Do I Need to Know? Read More »
Don’t assume your estate will automatically go to your spouse when you die. If you don’t have an estate plan, your spouse may have to share your estate with other family members. Do married couples need an estate plan? Yes. Here’s why… Dying Without an Estate Plan If you die without an estate plan, the …
It can be hard to tell if you or a loved one has Parkinson’s disease (PD). With early detection, treatment and expert care, many people live longer, productive lives with Parkinson’s. The rate of progression varies from one person to another, but there are many common symptoms and scenarios. Learn to spot the early signs …
Can a nursing home take my stimulus check? This is a question many seniors and their loved ones have been asking since the first round of stimulus payments. In December 2020, Congress approved a second round of stimulus checks for individuals making less than $75,000 a year. These checks are being sent to everyone who …
Long-term care is the care you need if you can’t perform daily activities on your own for an extended period of time. There are a number of different ways that long-term care can be provided. Most long-term care involves assisting with basic personal needs rather than providing medical care. You are usually determined to need …
By: Nicole T. Livingston – Principal and Senior Estate Planning and Elder Law Attorney with Elville and Associates, P.C. January 8th — A question most often asked to an estate planning attorney is regarding gifting of assets. There is a significant amount of confusion regarding gifting. To begin, there is an annual gift tax …
