When individuals start considering planning out their end-of-life wishes, they may not know exactly where to begin. This feeling is understandable as there are many estate planning options available, and knowing which tools could suit specific needs can be difficult. However, gaining information on these options is relatively easy, and professional assistance is available for implementing these tools.
Most West Virginia residents likely already know about wills. These documents detail who should receive which assets after a person's passing. The specific details of this document vary from person to person, and not all assets need to be included in the will. Additionally, this document could also name guardians for any minor children who may need care in the event of their parents' deaths.
Individuals could also create living wills. These documents differ from standard wills as they allow parties to detail how their care should be handled in the event that they have reached a point past recovery. Parties could detail whether certain treatments should be allowed or whether they should simply be allowed to pass on naturally. By creating this document, family members may feel better knowing exactly what their loved ones wanted.
Each type of will could be useful in its own way. Various other estate planning documents could also play a role in West Virginia residents' plans, and understanding these options could help interested individuals make informed decisions. Additionally, experienced attorneys could offer insight and suggestions into what planning tools may suit certain circumstances for individual estates.
Source: mvtimes.com, "Estate planning", John Kageleiry, Dec. 5, 2017