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Elville and Associates Presents The Advisors’ Forum: The Theory and Mechanics of Asset Alignment in Estate Planning, and Document Execution in the Age of COVID-19

September 18 @ 12:30 pm - 2:00 pm

Stephen R. Elville, President and Principal Attorney of Elville and Associates, P.C., and well-known Legal Administrator/Paralegal, Mary Guay Kramer will discuss what is arguably the most important thing in Estate Planning, Elder Law, and Special Needs Planning – the funding and alignment of assets in planning. Estate planning documents, and estate plans overall, come in many forms and iterations – some are average, some are excellent; many are poor and outdated. Regardless of quality, estate planning documents can only do so much without being fueled by a flow assets. Put more bluntly, estate plans are dead and inert without the proper asset alignment. Moreover, client goals live or die based on the quality of asset alignment – not necessarily the quality of the underlying estate planning documents. Professional advisors and the advisory team should never leave asset alignment to chance, regardless of the reality (and ethics opinions that remind us of the same) that asset alignment is ultimately the responsibility of the client. By revisiting these fundamentals, client needs and goals are served on the highest and best level, resulting in extraordinary service, value, and best professional practices. In this workshop, Mr. Elville will discuss the following:

 

  1. What is asset alignment (estate plan funding)?
  2. Does asset alignment apply to will-based estate plans?
  3. When does asset alignment occur?
  4. Types of assets – the mechanics of asset alignment
  5. Beneficiary-designated assets
  6. Risks associated with asset alignment
  7. Avoiding plan failure
  8. Process versus chaos

 

Since the onset of the COVID-19 pandemic, attorneys have worked diligently to accommodate the needs of clients as it relates to the signing of their estate planning documents. Through direction of Governor Hogan, remote notarization and witnessing took effect, and with the help of technology clients are now able to sign their estate planning documents in the comfort and safety of their homes while attorneys, witnesses and notaries are at a remote location.

We successfully transitioned to an online signing platform; however, there are changes coming soon.  We also accommodate our clients who do not want to use technology through in-office signings and sometimes innovative ideas ranging from parking lot to car hood signings.

Elville and Associates’ Partner and Senior Estate Planning Attorney Nicole Livingston will give a brief overview regarding “Document Execution in the Age of COVID-19.”

 

1)     Signings using Microsoft Teams – how does it work?

2)     What about the clients who do not have access to a computer/internet?

3)     What changes may be coming to the current rules in place?

 

1.5 continuing education hours will be available for attending this webinar.

 

To register and receive the webinar link ahead of time, please click here.  Should you have any questions ahead of time, please contact Community Relations Director Jeff Stauffer at [email protected], or 443-393-7696, x117.  We look forward to hosting you!

 

#elvilleeducation

Details

Date:
September 18
Time:
12:30 pm - 2:00 pm
Event Category: