Elville and Associates

Archive for 'Blog' Category
Nov 24, 2021

By:  Shannon K. Mumaw – Associate Attorney with Elville and Associates, P.C. In general, the modified administration process can seem quite tedious and lengthy, especially since it comes at a […]

Oct 29, 2021

Unique tax benefits are available to families who have children with special needs. And thanks to recent changes in the tax code, there are opportunities to save substantial amounts of […]

Oct 29, 2021

The year was 1983: The U.S. invaded Granada. A gallon of gas cost 96 cents. Michael Jackson’s ‘Thriller’ video premiered. That year was also the last time that Social Security […]

Oct 12, 2021

Law provides Medicaid special protections for the spouses of Medicaid applicants to make sure the spouses have the minimum support needed to continue to live in the community while their […]

Oct 7, 2021

By:  Jeffrey D. Stauffer, Executive Director – Elville Center for the Creative Arts, Inc. Do you have an instrument taking up space in a closet or attic not being used […]

Oct 5, 2021

Inheriting real estate from your parents is either a blessing or a burden — or a little bit of both. Figuring out what to do with the property can be […]

Sep 28, 2021

When interest rates are low, intrafamily loans can be a good way to assist a relative (typically a child) with purchasing a house or a family business, and in certain […]

Sep 13, 2021

The SECURE Act, passed at the end of 2019, changed a number of rules regarding inherited IRAs, making it more difficult for most beneficiaries to save on taxes by “stretching” distributions […]

Sep 3, 2021
Sep 3, 2021

Parents or other family members establishing a special needs trust for their child often want to name a professional — usually a bank, trust company, attorney, certified public accountant or non-profit […]