Estate planning in West Virginia and elsewhere is something that people should start to do in their youthful years. A young couple having their first child, a worker who is acquiring a variety of different assets and investments, and people in all endeavors for that matter, are naturals for early estate planning. Retirement and elderly living are also important to one's future and the ability to age gracefully and happily. These topics are all closely related when one considers how to engage in estate planning.
A point to remember is that starting early in life to set up one's financial planning and practical goals for the decades ahead is a general process that goes hand in hand with estate planning. Estate planning involves a last will and testament and other documents that may become effective only after the person dies. However, there are also several legal documents that one can use during life, such as trusts, that are versatile legal instruments that can make one's life easier and more lucrative.
There are also other benefits of estate planning that may assist one in making easier choices and in navigating through tough waters later in life. For example, health care directives may advise one's doctors that the person does not want to be sustained on life support, if and when that situation may occur. These directives may also appoint a loved one or trusted friend to make medical decisions regarding the person's health care when that person is too incapacitated to function.
There are many different options that one is called upon to choose when the estate planning process in West Virginia is accepted and engaged. With the help of an experienced estate planning attorney, the individual or married couple will not have to guess frantically if things will turn out right when incompetence or death may occur. If a person does not make a will and embrace the idea of estate planning, undesired consequences may be the result.
Source: goodmenproject.com, "Estate Planning Guide: How Can a Man Protect Himself and His Family After Death? -", Patrick Watt, Jan. 24, 2017