F: (304) 267-3822
- 2018 Federal Tax Reform for Individuals and Business
- 2020 Federal SECURE Act
- Advance Directives
- Asset Protection Planning
- Business and Corporate
- Business Succession Planning
- CARES Act / COVID-19 Response Team
- Elder Law and Medicaid Planning
- Estate and Gift Tax Planning
- Estate and Trust Administration
- Estate and Trust Litigation
- Estate Planning, Trusts, Wills
- Federal Tax Matters
- Fiduciary Representation
- Formation or Expansion of Business
- Guardianship and Conservatorship
- Higher Education
- Land Succession Planning
- Mergers and Acquisitions
- Personal and Business Taxes
- Qualified Opportunity Zones
- Renewable and Alternative Energy
- Special Needs Planning
- Tax Controversies and Litigation
LL.M., with Distinction, in Taxation, Georgetown University (1992)
J.D., West Virginia University College of Law (1989)
- Moot Court
B.S., Geology, West Virginia University (1986)
- Court of Appeals of Maryland
- Supreme Court of Appeals of West Virginia
- Supreme Court of the United States
- Supreme Court of Virginia
- U.S. District Courts for the Eastern and Western Districts of Virginia
- U.S. District Courts for the Northern and Southern Districts of West Virginia
- U.S. Tax Court
David A. DeJarnett
David DeJarnett practices in the area of private client services, with a concentration in estate and trust planning, estate and trust administration, business and tax planning and tax controversies.
David’s estate and trust planning practice includes counseling clients with regard to the basic components of an estate plan including last wills, revocable living trusts, medical and financial powers of attorney and appropriate retirement account and life insurance policy beneficiary designations, in order to achieve their family and financial objectives. This planning may also include additional steps to satisfy a client’s needs such as spousal support trusts, spendthrift trusts, special needs trusts and trusts for minors.
His estate and trust planning practice also includes federal estate, gift and generation-skipping transfer tax planning and state estate and inheritance tax planning utilizing basic tax planning tools such as credit shelter trusts, Qualified Terminable Interest Property trusts, and dynasty trusts, as well as more advanced techniques such as life insurance trusts and grantor retained annuity trusts. David helps clients understand what taxes affect them, how to determine if their estates will be subject to these taxes, and how to reduce or even eliminate their “death” tax bill while achieving their family and financial objectives.
Another component of David’s private client services practice is asset protection planning designed to protect the client’s assets from potential liability arising in both his or her professional and personal lives by structuring the client’s affairs in order to have the best chance of preserving financial standing. The steps taken often include limited liability companies, trusts and prenuptial agreements.
For clients with closely-held businesses, David’s practice encompasses business succession counseling, using various tools such as family companies, buy-sell agreements, deferred compensation agreements and stock sales and gifts. If the client’s assets include significant real estate, then a land succession plan is a vital element of an estate plan, using techniques such as like-kind exchanges, conservation easements and family limited partnerships.
Many clients have philanthropic wishes. David advises clients in how best to achieve their charitable goals and objectives while realizing income, estate and gift tax savings and financial goals. Steps taken often include gifts of appreciated or tax-deferred assets, donor advised funds, private foundations, charitable remainder trusts, charitable lead trusts and charitable gift annuities.
David’s estate and trust administration practice includes advising executors, trustees, agents under powers of attorney and conservators. David guides them in all aspects of their fiduciary duties, such as appraisements, inventories, accountings, interpretation of the documents, litigation defense, estate and gift tax return preparation and tax audits.
His business planning services encompass forming a new business or expanding an existing business, focusing initially on the business and tax comparisons between operation as a C corporation, an S corporation, a limited liability company, a partnership, or some other entity.
David's tax planning practice includes advising clients on the federal and state income tax aspects of the purchase or sale of an asset or a business, or of many other major events such as divorce, inheritance or bankruptcy.
Utilizing a combination of the aforementioned areas of practice, David has represented national and state lottery winners – including multi-million dollar Powerball prize winners – in matters involving confidentiality, protection of assets, tax planning and estate and trust planning.
David's tax controversies practice includes representing clients before the Internal Revenue Service, the Appeals Office and the United States Tax Court.
- Member, Bowles Rice Executive Committee
- Former President, West Virginia Tax Institute
- Served on the faculty of the Institute for International Training, Trade and Development, Inc. at Shepherd University in connection with its Russian Tax Officials Training Program
- Named to The Best Lawyers in America ® (Corporate Law, Litigation & Controversy - Tax, Litigation - Trusts & Estates, Non-Profit/Charities Law, Tax Law, Trusts and Estates) 2007-present
- Named Best Lawyers’ Lawyer of the Year in the northern West Virginia region (2023, Tax Law; 2022, Trusts and Estates; 2021, Tax Law; 2019, Tax Law; 2018, Corporate Law; 2016, Corporate Law; 2015, Litigation and Controversy - Tax; and 2013, Corporate Law)
- Peer-Review Rated AV by Martindale-Hubbell
- Listed in West Virginia Super Lawyers (2009-2011)
- West Virginia University College of Law Thomas N. Chambers Award in Taxation
- University Healthcare Foundation Distinguished Volunteer
- August 26, 2022
- Best Lawyers in America®, August 20, 2020
- Best Lawyers in America®, August 20, 2020
- August 15, 2019
- January 25, 2019
- David DeJarnett honored as University Healthcare Foundation’s Distinguished Volunteer at National Philanthropy Day celebrationNovember 17, 2017
- January 18, 2012
Presentations & Events
- Presentation: West Virginia Economic Development Programs, Including Property Tax Incentives and Tourism Tax Credits by David A. DeJarnettWest Virginia Society of Certified Public AccountantsWebinar, June 17, 2020
- Winchester, VA, February 13, 2018
- Holiday Inn Martinsburg, Martinsburg, West Virginia, January 24, 2018
- Presentation: Update on Federal Transfer Taxation and Estate Planning, by David A. DeJarnettWV Society of CPAs annual conferenceThe Greenbrier, White Sulphur Springs, West Virginia, June 14, 2017
- Presentation: Estate Planning Pitfalls and Opportunities: It's Better to Give AND to Receive, by David A. DeJarnettEastern West Virginia Community FoundationShepherd University, Martinsburg Center, May 6, 2016
- Presented to Berkeley and Jefferson County Farmland Protection Boards and Land Trust of the Eastern PanhandleFebruary 27, 2016
- Presentation: Explanation of Wills and Estate Planning, by David A. DeJarnettPresented to federal employers at National Conservation Training CenterNational Conservation Training Center, Shepherdstown, West Virginia, December 1, 2014
- Presentation: Conservation Easements – Tax and Estate Planning, by David A. DeJarnettThe West Virginia Farmland Protection ConferenceCanaan Valley Resort, Davis, West Virginia, September 18, 2014
- Presentation: Section 1031 Like-Kind Exchanges in the Oil and Gas Industry, by David A. DeJarnettWest Virginia Society of CPAsThe Greenbrier Resort, White Sulphur Springs, West Virginia, June 18, 2014
- Presentation: Planned Giving: What You Need to Know, by David A. DeJarnettNonprofit Board of Directors
Articles & Alerts
- How Will New Federal Tax Laws Impact You or Your Business? Bowles Rice Breaks it Down.January 8, 2018
- The Community Banker, Quarter 1
Views & Visions
- American Bar Association (Real Property, Probate and Trust and Tax sections)
- West Virginia Board of Law Examiners District 16 Character Committee
- Client Protection Fund of the Bar of Maryland
- Tri-State Estate Planning Council
- University Healthcare (Director)
- University Healthcare Foundation (Vice Chairman, Board of Directors)
- Eastern West Virginia Community Foundation (Pro-bono Legal Counsel)
- West Virginia Natural Capital Fund (Advisory Committee)
- United Way of the Eastern Panhandle (Planned Giving Committee)
- Philanthropy West Virginia Keep5Local Campaign (Advisory Committee)