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What Is the Difference Between a 401(k) and an IRA?
The terms 401(k) and individual retirement account (IRA) are bandied about quite a bit when discussing retirement planning- but what are the actual differences between the two? The main distinction…
17 ThompsonMcMullan Attorneys Recognized as 2023 Super Lawyers®
Congratulations to the 17 attorneys named to the 2023 Virginia list of Super Lawyers®, with three attorneys recognized as “Rising Stars”, two for the first time, and one selected as…
Accolades and Appointments
Chris Malone has received the inaugural bestowment of the Client Distinction Award– the Martindale-Hubbell® honor of distinction. This honor has been made possible by clients who have taken the time…
Involuntary Civil Commitment
“Involuntary civil commitment is the only legal proceeding known to my grey hairs by which the state deprives a person of liberty without proof of a criminal act or a…
ABLE Act 2014
On December 19, 2014, the “Achieving a Better Life Experience Act of 2014” (ABLE ACT 2014) was enacted. The purpose of the Act is to permit families to save private…
Incentive Trusts: Ensuring That an Inheritance Will Be Well Spent
Many parents or grandparents with sizable amounts of money to pass on to their heirs are apprehensive about the effect it many have on their children or grandchildren. In some…
What to Do If You Are Appointed Guardian of an Older Adult
Being appointed guardian of a loved one is a serious responsibility. As guardian, you are in charge of your loved one’s well-being and you have a duty to act in…
How Will the New Tax Law Affect You?
While most of the new tax law – the Tax Cuts and Jobs Act – has to do with reducing the corporate tax rate from 35 percent to 21 percent- some…
How to Pass Your Home to Your Children Tax-Free
Giving your house to your children can have tax consequences- but there are ways to accomplish it tax-free. The best method to use will depend on your individual circumstances and…
Renewed Calls for Electric Co-Op Reforms in the Commonwealth
As summer comes to a close, so does another season of annual meetings convened by electric cooperatives (“electric co-ops”) in the Commonwealth and renewed calls for reform to electric co-op…