A recent court case involving a power of attorney demonstrates the problem with using online estate planning forms instead of hiring an attorney who can make sure your documents are tailored to your needs. Mercedes Goosley owned a home in Pennsylvania. In 2013, she named one of her six children, Joseph, as her agent …
Court Case Illustrates the Danger of Using Online Power of Attorney Form Read More »
By: Stephen R. Elville – Managing Principal and Lead Attorney with Elville and Associates, P.C. At the outset, you should understand that my purpose here is to alert clients, professional advisors, and others that the following information should be given credence and thoughtful consideration for the protection of assets, inheritances, and your general legacy, all …
Potential 2021-2022 Tax Increases – What You Should Know and What You Can Do About Them Read More »
A Message from Elville and Associates’ Managing Principal and Lead Attorney Stephen R. Elville Surely our times are challenging. History teaches us that during the punishing winter of 1776, Thomas Paine’s pamphlet, The Crisis, intended to bolster the willpower and determination of George Washington’s soldiers, many of whom were ready to quit, changed the course …
By: Ellen S. Platt, MEd, CRC, CCM, Certified Aging Life Care Manager with The Option Group, LLC – Guest Contributor As Sheila Martin (name changed to protect patient confidentiality) walked down the hallway of the hospital after her mother’s emergency admission, the realization hit her hard that, had she educated herself on care options earlier, …
The Benefits of Being Proactive with Decisions on Aging Read More »
The American Rescue Plan of 2021 is designed to provide economic relief to millions of Americans in the wake of the COVID-19 pandemic. In addition to “stimulus” payments, the Plan includes several lesser-known tax provisions. Understanding how they may affect you can help your income tax planning and withholdings in 2021 and beyond. Tax Changes …
Tax Provisions in the American Rescue Plan Act of 2021 Read More »
By: Dr. Michelle Fritsch – PharmD and founder of Retirement Wellness Strategies – Guest Contributor Is your attitude the RESULT of what is happening around you? Is it what others do to you? Is it the RESULT of your life circumstances? OR – is your attitude your CHOICE? I propose your attitude is your CHOICE! …
Attitude – the Choice Is Yours and the Impact Is Huge! Read More »
By: Jeffrey D. Stauffer – Executive Director – Elville Center for the Creative Arts, Inc. “Music enhances the education of our children by helping them to make connections and broadening the depth with which they think and feel. If we are to hope for a society of culturally literate people, music must be a vital …
By: Olivia R. Holcombe-Volke, J.D. – Senior Principal and Estate Planning Team Leader – Elville and Associates, P.C. Initially, my thoughts on this topic – “Financial Planning Aspects of Estate Planning” – were to elucidate and emphasize the importance of working with a financial planner (as well as a tax planner) as part of the …
The Financial Planning Aspects of Estate Planning Read More »
By: Stephen R. Elville – President and Founder of the Elville Center for the Creative Arts, Inc. Good news is rare these days, but not at the Elville Center for the Creative Arts. The Elville Center is boldly continuing its work in 2021 to provide much needed musical instruments, music lessons, art- and dance-related activities, …
By their very nature, special needs trusts (SNTs) are usually designed to terminate, or at least radically change, when the trust’s primary beneficiary dies. But terminating a special needs trust is not as simple as merely writing a check to the remainder beneficiaries and calling it a day. There are several key considerations and requirements …
Terminating a Special Needs Trust – What Happens to Assets? Read More »
