Many seniors with estates of $5,450,000 or less (estates with assets not exceeding one federal estate tax exemption amount) ask themselves at some point during the estate planning process whether they should be engaging in conventional estate planning (in the normal course), or should they be engaging in a hybrid combination of estate planning and elder law planning for the purpose of divesting certain assets during lifetime for asset preservation purposes (for the benefit of children or other beneficiaries). This is a difficult but natural question that arises during the planning process where a broad-spectrum of counseling is offered. Since all planning should be goal driven, it follows that the decision to engage in conventional versus hybrid planning will flow naturally as a matter of client goals, comprehensive counseling, and client legal education.
- Why Do Estate Plans Fail and Not Work as Intended? The Answer Lies Below …
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- Elville and Associates’ Principal Stephen R. Elville Partners with University of Maryland Autism Research Consortium for Nationwide Webinar Series and Panel Discussion
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- Elville and Associates Partners with Maryland ABLE to Offer Special Needs Planning Workshop to Harbour School at Annapolis Parents
- Lindsay V.R. Moss, Esq., Becomes Partner at Elville and Associates, P.C.
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- How Will My Agent Know Where My Property Is – and How to Access It? The Maryland Fiduciary Access to Digital Assets Act, Digital Storage Options, Safe Deposit Boxes, and Good Old Fashioned Record-Keeping
- The Movement to Improve End-of-Life Health Care Planning