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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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Better Than No Loaf: Medicaid Planning Using “Half a Loaf” Strategies 

While it is preferable to conduct long-term care planning well in advance of needing care, if you haven’t planned ahead, there are some strategies available to avoid spending all your assets. Three so-called “half a loaf” approaches allow a Medicaid applicant to give away some assets while still qualifying for Medicaid.   In order to be …

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5 Important Tips When Planning a Trip with a Person with Dementia

By:  Ellen S. Platt, MEd, CRC, CCM – President & Certified Aging Life Care Manager of The Option Group For many people, gathering with family and friends is a time-honored tradition, strengthening bonds and creating (or reliving) joyous memories. Dementia presents many challenges in the everyday cycle of life, as daily routines and the avoidance …

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Medicaid Home and Community-Based Services in Maryland – An Unfolding Tragedy? The Doors Are Falling Off

By:  Stephen R. Elville, J.D., LL.M. – Managing Principal and Lead Attorney of Elville and Associates, P.C. As children many of us rode in station wagons with our parents – some in station wagons with wood trim.  Yes, whether you rode in one of these wagons or not, you saw them and you remember them.  …

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Championing The Voices – A Documentary Film About Supported Decision Making by Stephen Elville – Volunteers Needed

By:  Stephen R. Elville – Managing Principal and Lead Attorney – Elville and Associates, P.C.  Championing the Voices (hereinafter referred to in this brief article as “the film” and/or “CTV”) is a documentary and instructional film currently in production by Elville Studios, LLC about Supported Decision Making (“SDM”), the concept that persons with disabilities can …

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What Plan Is Best for Me: Last Will and Testament or Revocable Living Trust?

By: Shannon Werbeck – Associate Attorney – Elville and Associates, P.C. In initial consultations with clients, one of our main goals, among other things, is to determine which type of estate plan will best suit a client. The two main types of estate plans are a Last Will and Testament or a Revocable Living Trust. …

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