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Supreme Court Holds Inherited IRAs Not Exempt from Bankruptcy Estate
The Bankruptcy Code permits an individual in bankruptcy to exempt from the bankrupt estate “retirement funds” in an individual retirement account (“IRA”) or certain other tax-advantaged vehicles. In a recent…
Myth Busting Common Estate and Retirement Planning Misconceptions: WHAT
Authored by summer associate Audrey McElrath. This article is the first in a multi-part series on the value of legal guidance and services for estate and retirement planning and will…
Rachel W. Adams Appointed to RBA Administration of Justice Committee
Congratulations to Partner Rachel Adams on her appointment to the Richmond Bar Association’s (RBA) Administration of Justice Committee, serving a three-year term from June 2024 through June 2027. The purpose…
DOL New Overtime Rule to Go into Effect July 1
On July 1, 2024, the Department of Labor’s (DOL) new federal overtime rule will go into effect. The new rule increases the salary threshold for employees who are exempt from…
A Copyright Best Practices Reminder: Get it in Writing
“Get it in writing” is a common refrain from lawyers. Not getting it in writing is a mistake I have seen too many clients make. When an individual or company…
What Public Benefits Does My Beneficiary Receive and Why Does It Matter?
The Intersection of Public Benefits and Disbursement Decisions You may have heard that the beneficiaries you serve who currently receive public benefits cannot receive food, shelter, or cash, but do…
Cliona Robb to Serve as Panelist at the 2024 Virginia Energy Summit
Energy and Telecommunications attorney Cliona Robb has been selected to serve as a panelist at the third annual Virginia Energy Summit hosted by the Virginia Manufacturers Association. Titled Energy Regulation…
FICA Tax Imposed on Compensation That Will Never Be Received
FICA tax is normally collected through withholding at the time the underlying compensation (“wages”) is received. Under a special rule in the Internal Revenue Code, however (the “special timing rule”),…
ThompsonMcMullan Welcomes Paulo E. Franco Jr.
Former state prosecutor Paulo E. Franco Jr. has joined ThompsonMcMullan’s Civil Litigation practice group, after prosecuting lawyers on behalf of the Virginia State Bar for the last 18+ years. Paulo…
Appellate Practice: Building and Perfecting Your Appellate Practice
Appellate attorney John O’Herron has been selected to speak at a Virginia CLE session titled “Appellate Practice: Building and Perfecting Your Appellate Practice” geared towards attorneys looking to hone their…