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May 2017 Archives

Getting Started on Your Internal Transition: Identifying Potential Successors

Small business owners who have decided to pursue an internal ownership transition often struggle with where to start. This blog is the fourth in a series of six designed to help small business owners ease into the transition process. In this article, we'll focus on identifying potential successors.

Claimant Attorney Fees in WV Workers' Compensation Cases: Who Foots the Bill?

A common question our workers' compensation practice group receives relates to the payment of workers' compensation claimant attorney fees by claims administrators. With the media reporting daily about excessive attorney fee awards in other areas, concern over this issue is understandable. However, in the context of West Virginia workers' compensation, the claims administrator rarely has to pay a claimant's attorney fees.

Can I Change a West Virginia Irrevocable Trust?

A trust is a common tool used to manage or pass on a person's assets. Trusts are used for a variety of purposes, such as tax planning, providing financial security for one or more trust beneficiaries, or donating to a charity; however, not all trusts are the same. The purpose or type of a trust may determine who can be a beneficiary or even whether it can be changed after it is created.

Deciding on the Type of Business Ownership Transition: Internal, External, or Closure?

Business succession planning is a process. It takes time to define your goals and structure your plan to best achieve those goals. This blog is the third in a series of six designed to help small business owners make important decisions about business ownership transition.