Blog

The Remote Contingent Beneficiary — Can the World’s Saddest Estate Planning Provision Actually Make You Happy?

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 …

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Stephen R. Elville to Present About Medicaid Asset Protection Trusts at MSBA Medicaid Planning Evening Series

By:  Jeffrey D. Stauffer – Community Relations Director, Elville and Associates, P.C. Stephen R. Elville, Managing Principal and Lead Attorney of Elville and Associates, a leading estate planning, elder law, and special needs planning firm in Maryland, will present during the fifth of six sessions of the Maryland State Bar Association’s Medicaid Planning Evening Series …

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Catch the Spring Spirit of Planning for Life Ahead

By: Stephen R. Elville, J.D., LL.M. – Managing Principal and Lead Attorney of Elville and Associates, P.C. During this beautiful spring period of renewal, Elville and Associates continues to educate clients, their families, fiduciaries, and professional advisors.  Only through client education and subsequent client care/maintenance and updating of estate plans can success in estate planning …

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Eligibility for Maryland ABLE Accounts to Expand with New Age Adjustment Act

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 …

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The Biden Tax Proposals Trigger the Need to Revisit and Update Your Estate and Tax Planning

The first of the long-awaited Biden tax proposals have been introduced in Congress.  In short, income tax rates will likely increase soon, and estate and gift tax exemption amounts will decrease. Now is the time to proactively review estate and tax planning for individuals and couples.  We encourage you to read detailed information regarding the …

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The Biden Administration’s Effect on Estates, Trusts, and Tax Planning

Talking about politics can sometimes be risky business.  However, as is often said, elections have consequences and in the context of estate planning it is important to examine the Biden Administration’s effect on estates, trusts, and tax planning.  After the outcome of the recent Senate run-off election in Georgia, we now know that we have …

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