A trust is a common tool used to manage or pass on a person's assets. In West Virginia, as elsewhere, trusts are used for a variety of purposes, such as tax planning, providing financial security for one or more trust beneficiaries, or donating…

May 19, 2017

Many people in West Virginia (WV) and nationwide believe that having a simple will is all that is needed to prepare their estate. However, a simple will may not adequately cover the passing of all property and financial accounts to your heirs. You…

March 26, 2018

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…

December 27, 2018

Trusts are an important tool in estate planning. While the concept of a trust has existed since ancient times, the governance of these agreements is ever-changing. Establishing an irrevocable trust in Kentucky can help you manage…

May 21, 2019

Grandmother's wedding ring holds deep sentimental value to the family. It also holds substantial financial value. This is an heirloom that you have been honored to have had passed down to you and one that you would like to keep in your…

July 16, 2019

Estate planning can be a complicated and confusing process. Part of estate planning is protecting your assets during your lifetime, for your own continuing support as well as to provide for your loved ones after you die. There are many options for…

September 03, 2019

Little did Joseph Lee Rice III know that, way back in 1992, when he created the Kimberley Rice Kaestner 1992 Family Trust, his descendants (the trust beneficiaries) would find themselves making claims before the Supreme Court of the United States…

September 10, 2019

Accountants, including certified public accountants (CPAs), are intimately involved in the financial lives and well-being of their clients. Despite conscientious adherence to best practices, blame can fall on the accountant when a client suffers…

November 12, 2019

Americans are afforded the right to bear arms by the Second Amendment of the US Constitution. However, interpretations of the Amendment vary. And, until federal lawmakers pass national reciprocity legislation, gun owners must follow a patchwork of…

March 04, 2020

Physicians dedicate their lives to acquiring the knowledge and skills to help others and to building a practice and reputation. These efforts often offer substantial personal and financial rewards. However, those who work in the medical field also…

March 05, 2020