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For many people in West Virginia, one of their goals in life is to be able to leave an inheritance for their children. However, the age of the potential beneficiaries could potentially impact the estate planning process. While many people recognize the importance of leaving a trust for young children who will inherit, some professionals […]
Most people in West Virginia have a variety of different tasks and chores that they must complete on a daily basis. As such, certain things — such as estate planning — can easily be put off for another day. Unfortunately, no plan, or a plan that contains only a will, can ultimately create costly and […]
Residents of West Virginia may know the importance of preparing their estates for the unavoidable eventuality that they will pass away. Estate planning may involve organizing one’s assets, paying down debt and writing a will. If there is a fear of estate taxes or heirs with special needs, a trust may be included. However, many […]
Most people in West Virginia may not hold up Hugh Hefner as a role model. However, those who advocate estate planning certainly feel Mr. Hefner had qualities to emulate. The founder of Playboy Enterprises built a fortune from a few thousand dollars and carefully prearranged for that fortune to provide security for his loved ones. […]
Some West Virginia residents and others throughout the country have likely given some thought to how things will be addressed after their passing. While many may have wills that address how assets will be distributed, others may have undergone more comprehensive estate planning. Experts suggest that individuals include some issues in the plan that go […]
Many West Virginia residents and others throughout the country know the importance of having a will in place. However, there is more to estate planning than simply drafting a will. There are additional documents necessary that can protect individuals who are still alive and others that will protect them after their deaths. Financial experts recommend […]
There are very few West Virginia residents or others throughout the country who make financial decisions in a vacuum. In other words, the decisions an individual makes regarding spending, saving, investments and retirement are likely to have an impact on others at some point in time. In most situations, those closest to a person are […]
Many residents in West Virginia and across the country have not given a lot of thought to drafting a will. Thinking about a time when someone will not be around anymore can be an uncomfortable topic. However, statistics show that one generation is more likely to have estate planning documents in place. AARP reports that […]
Many West Virginia residents may seriously begin thinking about their retirement years when their children are older. As children move away from home and begin life of their own, parents often believe that it is time to begin estate planning. However, experts recommend that estate planning begins when children are very young. Common thinking is […]
Many West Virginia residents have life insurance policies and accounts at banks, brokerage firms or retirement investment firms. These types of accounts are frequently included in an individual’s estate planning portfolio. Financial experts stress the importance of ensuring that one’s beneficiary designations for every account is correct and up to date. Analysts share situations when […]
While many West Virginia residents have developed plans for their retirement years, most do not realize the need to periodically review and update the documents. Financial experts stress that estate planning is not something someone can do one time and be done with it forever. An individual’s situation can change as could pertinent laws that […]
Most residents of West Virginia and those around the country understand the importance of planning for the future and how their affairs will be handled after death. However, many fail to give estate planning the necessary attention it needs. Many may realize the need and the broad concept of making an estate plan, yet few […]