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Should you change business forms in light of recent tax legislation? If you're starting a new business, which type of entity is best for you? Discover the relative merits and detriments of the various entity choices after the recent spat of tax law changes. Topics covered include: · Tax implications of LLCs, LLPs, S-corps, regular corporations and partnerships · Best ways to avoid personal liability for business debts · Planning for future modified ownership structures · Equity compensation alternatives available for key employees Open to clients, the general public, and financial advisors. 1.5 continuing education hours are available for CFPs, CPAs, and other professionals who attend this presentation. This presentation is offered by Charles A. "Chuck" Borek, J.D., MBA, CPA, a business and tax attorney with almost 30 years of experience representing individuals, small businesses, and nonprofits. Chuck earned his joint JD/MBA summa cum laude from the University of Baltimore, where he was the Editor-in-Chief of the Law Review and the recipient of the 1993 Law Faculty Award. He has taught law students as a visiting professor and adjunct professor of law at American University and the University of Baltimore and has lectured at Dickinson Law School of Penn State University. Chuck has written for Thomson-Reuters, Bloomberg BNA, and the American Institute of Certified Public Accountants. His book on contract drafting is used by lawyers throughout Maryland and has been cited by the Maryland courts. Additionally, Chuck presents seminars to CPAs and lawyers around the country though his company, The Borek Group, LLC, including presentations to "Big 4" accounting firms and Fortune 500 companies. He is also Special Counsel to Elville and Associates, P.C. More Webinars from Elville and Associates The education of clients and their families through counseling and superior legal-technical knowledge is the mission of Elville and Associates.  We hold multiple educational events every month. Click to view our calendar of educational webinars and events or visit the Elville and Associates YouTube channel to view recordings of our past webinars.

Elville and Associates' managing principal and senior estate planning attorney Olivia Holcombe-Volke offers this important and inclusive discuss related to estate planning for business owners. Perhaps you inherited a family business, and it is meant to carry on in the family, as a legacy. Or perhaps you built a business from the ground up, and have a star employee you want to ensure will be empowered to carry on the business when you no longer can. Perhaps the business interest is your most valuable asset, or perhaps it isn't all that lucrative from a financial perspective, but the intellectual property aspect of it should be protected against loss. A business is a unique asset, and business owners, regardless of the size or type of the business, or size or type of the ownership interest, have a unique concern: what will happen with the business interest in the event of my incapacity or death? Often, owners of any sort of business interest have the desire for the business interest to be handled in a particular way, or to pass on to a particular person. Even when that is not the case, when a business owner feels no particular "calling" to ensure that the business carries on in a particular way, or with a particular person, it is important to have documents that will provide for the business to wind down in an orderly fashion. Ensuring any of this requires careful planning. Among the many topics of discussion include: What will happen to your business if you become incapacitated? What will happen to your business if you die? The who, what, when, and how of planning for business succession Plus, a general overview of the fundamental estate planning documents to protect you, your family, and your business in the event of the unexpected. More Webinars from Elville and Associates The education of clients and their families through counseling and superior legal-technical knowledge is the mission of Elville and Associates.  We hold multiple educational events every month. Click to view our calendar of educational webinars and events or visit the Elville and Associates YouTube channel to view recordings of our past webinars.

While simultaneous death is certainly a possibility, the likelihood that one spouse will predecease the other is a reality which must be contemplated and discussed. Remarriage and asset protection are two of the most common concerns voiced by married couples when thinking about how the estate will be handled in the event that one spouse dies before the other. In these discussions, it often comes as a complete surprise to learn that there are also certain statutory mandates regarding inheritance between spouses that must be taken into account. Partner and senior estate planning attorney Olivia R. Holcombe-Volke offers this insightful and important discussion about " Estate Planning and the Surviving Spouse: Considerations, Recommendations, and Procedures." Topics discussed include: -- How to ensure that your estate "plan" survives in the event your surviving spouse gets remarried, including a review of statutory spousal rights to assets, the importance of pre- and post-nuptial agreements, and options for irrevocable trust planning to control the use and distribution of your estate in the event you pre-decease your spouse; -- An overview of available mechanisms for providing enhanced asset protection for the benefit of your surviving spouse; and A discussion of the relevant estate and income tax considerations. Open to clients, advisors and the general public. For Certified Financial Planners and CPAs, 1.5 continuing education hours are available for attending this presentation. More Webinars from Elville and Associates The education of clients and their families through counseling and superior legal-technical knowledge is the mission of Elville and Associates.  We hold multiple educational events every month. Click to view our calendar of educational webinars and events or visit the Elville and Associates YouTube channel to view recordings of our past webinars.

Supported Decision Making (SDM) is the concept that persons with disabilities can and should be able to make their own decisions provided they have adequate support to do so. Whether a person with disabilities is young or old, and even if they are under guardianship, SDM is a tool that can help that person live a more independent life and exercise their right of self- determination. SDM is currently codified into law in several states, including our neighbor state Delaware and the District of Columbia, and is also law in Indiana, Texas, Wisconsin, and Alaska. SDM will likely be passed into law in Maryland soon. When SDM is eventually passed in Maryland, persons with disabilities will have more choices available to them and will not be restricted by traditional notions of incapacity and the guardianship versus power of attorney paradigm. Financial advisors, CPAs, and other professionals will need to understand Supported Decision Making Agreements and how they differ from power of attorney documents and advance medical directives. The notion that a person with disabilities, even a person who presents with significant physical or mental limitations, has the right to make decisions in coordination with their supporter, will be the new future paradigm - one for which professionals should prepare themselves for now. In this one interactive webinar, Stephen R. Elville, J.D., LL.M. will lead a discussion designed to put advisors, CPAs, and other professional on the leading edge, enabling them to speak to a subject in the course of professional practice that is near and dear to the hearts of many clients, their families, extended relatives, and circles of influence: new recognition of the dignity and rights of persons with disabilities to make their own decisions and to take risks outside of traditional notions of protectionism, capacity versus incapacity, and adult guardianship. 1.5 continuing education hours will be available to CFPs, CPAs, and other professionals for attending this webinar. #elvilleeeducation More Webinars from Elville and Associates The education of clients and their families through counseling and superior legal-technical knowledge is the mission of Elville and Associates.  We hold multiple educational events every month. Click to view our calendar of educational webinars and events or visit the Elville and Associates YouTube channel to view recordings of our past webinars.

Town Hall Agenda: -- Greeting and comments about the current health crisis -- Status of Elville and Associates, its operations and capabilities What's important right now in estate planning, elder law, and special needs planning •Incapacity planning documents •Health care decision making •Wills and trusts •Beneficiary designations and asset alignment •Updating •Letters of wishes and memorandums of intent •Document storage and digital assets •Family and fiduciary education •Importance of the advisory team More Webinars from Elville and Associates The education of clients and their families through counseling and superior legal-technical knowledge is the mission of Elville and Associates.  We hold multiple educational events every month. Click to view our calendar of educational webinars and events or visit the Elville and Associates YouTube channel to view recordings of our past webinars.

Have you ever thought "Estate planning is for older/wealthier/more complicated people - not us."? Plus, "We can't afford a lawyer."? Join Elville and Associates partner and senior estate planning attorney Olivia Holcombe-Volke for this insightful webinar discussion that will dispel myths and raise awareness about the significant importance of estate planning for young families and young parents. Topics will include: • Why these assumptions are simply not true. • The documents that are vital for anyone over the age of 18 - and why. • Concerns that are of particular importance to parents of minor children. • Even if you are married, the existence of a spouse does not preclude the need for legal documents! • No one knows when incapacity or death might occur (and, while the hope is "not until a late age," incapacity and death do not follow any such rule). The time for estate planning is always now, because the moment in time when such planning will be necessary is entirely unknown. • Impress your friends! Be one of those adults, entirely on top of all tasks on the "adult" to-do list. More Webinars from Elville and Associates The education of clients and their families through counseling and superior legal-technical knowledge is the mission of Elville and Associates.  We hold multiple educational events every month. Click to view our calendar of educational webinars and events or visit the Elville and Associates YouTube channel to view recordings of our past webinars.