What Are the Pros and Cons of Transfer on Death Deeds?
It is important to consider the pros and cons of transfer on death deeds while estate planning in West Virginia. Transfer on death ("TOD") deeds became legal in West Virginia in 2014 with the passage of the Uniform Real Property Transfer on Death Act. There are advantages and disadvantages to using this estate planning tool.
WV Right to Work Law Debate Ongoing
The Supreme Court of Appeals of West Virginia (WV) has granted a motion to stay the February 2019 ruling of a Kanawha County judge that found portions of the WV right to work law unconstitutional. The court's order did not include an opinion on the matter but extends the stay indefinitely. Therefore, WV remains a right to work state pending further proceedings.
Estate Planning Goals Are New Year’s Resolutions You Can Keep
The conversation is sure to turn to resolutions as we are preparing for a new year in the tristate area of West Virginia (WV), Kentucky (KY), and Ohio (OH). Many of us will make resolutions, but few will keep them. Prioritizing your estate planning goals in the year ahead is actually relatively easy to achieve. When you make estate planning your resolution, you set yourself up for success that extends beyond the satisfaction of keeping a New Year’s resolution.
Parent Access to Grades Can End When College Begins
Parent access to grades is a specific area of concern for parents and guardians of college students, especially when funding all or part of a student’s education. Call it helicopter-parenting or just a vested interest, but many parents and guardians have good reasons for keeping track of a student’s progress, especially during the critical first year of college. However, they may be surprised to learn that access to their student’s grades is not automatic.
Charitable Estate Planning in WV, KY, and OH
Whatever your age, income, or family status, you have probably heard of and considered estate planning. An estate plan ensures that the money you work so hard to earn protects and benefits your loved ones. However, another planning option you may not have considered is charitable estate planning. Charitable estate planning is a rewarding way to benefit a worthwhile charity or organization, while reaping tax benefits for you and your family both now and later.