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December 2018 Archives

Naming a Trust as an IRA Beneficiary: Is It Right for You?

In planning for your family's security, you may have wondered how to pass on your Individual Retirement Account (IRA) assets in the event of your death. In some cases, you may not want a family member to receive IRA funds directly after you're gone and wonder "can an IRA be in a trust?" If you're considering naming a trust as an IRA beneficiary, that can completely alter how the Internal Revenue Service (IRS) treats IRA distributions. Knowing the pros and cons of this estate planning strategy can help you make the best choice for your circumstances in conjunction with an experienced estate planning attorney.

The West Virginia Opioid Reduction Act and Workers' Compensation

In the spring 2018 session of the West Virginia Legislature, the West Virginia Opioid Reduction Act was passed. The law went into effect on June 7, 2018. The Act is not a workers' compensation statute, per se, meaning that it does not state that it applies to workers' compensation, but it does not expressly exempt workers' compensation from its coverage either.

Your Year-End Estate Planning Checklist

You can't stop time from passing. As you are asking yourself how another year went by so quickly, take control of those things that you can control and that can give comfort and support to your loved ones: review your estate plan using this year-end estate planning checklist.

International Estate Planning for Individuals and Families

The adoption of the European Parliament's European Succession Regulation in 2012 simplified estate planning in the European Union. The regulation also resolved jurisdictional and choice of law issues. Unfortunately, no single overarching law governs international estate planning for other countries, including the United States.
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