This Is Not Your Parents’ Estate Plan

Authored by: Stephen R. Elville, J.D., LL.M. – Managing Principal and Lead Attorney

It’s spring and the cool weather has brought us misty mornings with cadmium green bursting through the umber and sap green backgrounds of our highways, backyards, and parks. At the same time the magnolia, cherry, and other blossoms have exploded onto the scene, reminding us that it’s the time of year for renewal and spring cleanup!

It’s also a good time in this second quarter of the year to remind yourselves that the old estate plan documents that might be occupying your closet, safe, or safe deposit box may need to be updated. And while you may put off a certain home improvement or yard project or some personal goal, it’s never a good idea to put off reviewing your existing estate plan or implementing estate planning for the first time. And when you do so, you will find through proper counseling and education that the world of estate planning has changed, evolved, morphed into the kind of structured planning that can make sense to you and your family, and beyond that provide flexibility and a foundation for future contingencies beyond what traditionally was imagined.

How do I know this? Because I have spent the last 24 years educating clients and their families about estate planning, elder care-related, special needs-related, and business-related estate planning concepts that once understood give power, purpose, and vitality to an estate plan. This truly is not the estate plan of your parents or grandparents, and the changes and improvements in the planning possibilities that are available to you today versus what were available 50 years ago may astonish you. All it takes is some dedicated time, focus, and a commitment to your future and the future of your family. You can do it. And Elville and Associates is here to help you.

To get started with your estate planning or estate planning review process, or for information and video links about Elville and Associates, please send an email to Community Relations Director Jeff Stauffer at jeff@elvilleassociates.com or call 443-393-7696 x117. You can also request to be contacted here and also visit our website at www.elvilleassociates.com.

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