Winter 2008 Newsletter
Volume 21, No. 2
Probate Administration in Virginia: An Overview For The Personal Representative
Lauren A. Jenkins
INHERITING AN IRA: An Overview of the Distribution Rules for IRA Accounts
Skirmish in Session: Revising the Definition of “Slayer” in Virginia’s Slayer Statute
Katie Wallmeyer Payne
Repeal the Estate Tax? Yes or No, Much Remains to be Done
C. Jordan Ball III
- Board of Governors
Message from the Chair
John T. Midgett, Chair, Trusts and Estates Section
It is my distinct pleasure to introduce this issue of the Trusts and Estates Newsletter. The thoughtful articles on the repeal of the estate tax (Jordan Ball), inheriting an IRA (Pamela Buskirk) and a review of probate administration in Virginia (Lauren Jenkins) offer insight into matters that touch our practices on a daily basis. I also thank our Editor, Martha Sotelo and Assistant Editor, Southy Walton, for the excellent job they have done in assembling these articles.
Also in this issue is an article examining the recent changes to Virginia’s slayer statute. This article, written by Katie Payne, came about as a result of our section’s first annual writing competition for students of Virginia law schools, an effort to attract attention and talented law students to the practice of estate planning and administration and the related issues that we all face. We hope that this year’s competition will produce articles of interest to members of our section and encourage and promote the intellectual benefits of a trusts and estates practice.
Each section or the Virginia State Bar has been charged with the responsibility of developing, by May 1, 2009, a five year strategic plan to be included in the Bar’s comprehensive strategic plan. Included in that charge is a request to review and revise as needed this Section’s By-Laws and purposes, develop five year goals and propose suggestions to the Bar that would enhance the goals and objectives of the Trusts and Estates Section. Any member having suggestions for your Board of Directors to consider on any topic of interest, should e-mail them to me at firstname.lastname@example.org. We will keep you informed as we progress in this task.
I would like to thank each of the authors for the efforts made to address the topics included in this issue. I encourage each section member to contribute to the good of this section, and our profession, by becoming actively involved in the five year plan, by serving on future Boards or by contributing suitable articles of scholarship on topics of interest.
As a section we are more than a sum of our parts, and it is my distinct honor to be a part of the growth and progress of the Trusts and Estates Section of the Virginia State Bar. On behalf of the entire Board, I hope you enjoy this issue of the Newsletter.
Winter 2008 Newsletter (.pdf)