The 110 Pd double-beta decay Q-value was measured with the Penning-trap mass spectrometer ISOLTRAP to be Q = 2017.85 (64) keV. This value shifted by 14 keV compared to the literature value and is 17 times more precise, resulting in new phase-space factors for the two-neutrino and neutrinoless decay modes. In addition a new set of the relevant matrix elements has been calculated. The expected half-life of the two-neutrino mode was reevaluated as 1. The recent results on neutrino oscillations [1-4] have revolutionized our understanding of the role played by neutrinos in particle physics and cosmology, in particular by proving that neutrinos have a finite mass. In the quest for a detailed understanding of the neutrino itself, the rare process of double-beta decay offers the most promising opportunity to probe the neutrino character and to constrain the neutrino mass [5,6]. In contrast to neutrino oscillations, which violate the individual flavor-lepton number while conserving the total lepton number, the process of neutrinoless double-beta decay (0νββ-decay) violates total lepton number and is as such, forbidden by the Standard Model of particle physics. Moreover, unlike the observed neutrino-accompanied double-beta decay (2νββ-decay) process, the 0νββ-decay process would imply that the neutrino is a Majorana particle, i.e., its own antiparticle. While the decay spectrum of the 2νββ-decay is continuous, the experimental signal of the 0νββ-decay represents the sum energy of the two electrons at the decay Q-value. The expected half-life of the 0νββ-decay is extremely long and hence, very small event rates are expected. In addition, a high accuracy (below 1 keV) is desirable to properly identify the signal with respect to background. Furthermore, a well-known Q-value allows a precise determination of the phase space of the halflives of the double-beta decay modes. The decay rates of both decay modes are strong functions of the Q-value. 0νββ-decay scales with the fifth power of the Q-value and 2νββ-decay with the eleventh power. Eleven nuclides (