It Is Never Too Early To Plan For Your Future
Thinking about a time when you may be unable to care for yourself or your loved ones can be overwhelming. However, taking steps today to protect your future can ease the burden on them. One way to protect your legacy is to set up a comprehensive estate plan that will help distribute your assets to heirs and protect your estate.
At Schrader Companion Duff & Law, PLLC, our estate planning attorneys have years of experience helping the Wheeling community establish wills, trusts and estate plans designed to meet their goals. Hiring an experienced attorney for your estate plan can help you save time, money and energy and avoid detrimental errors. With almost a century of providing legal services in the Wheeling area, our clients trust our honesty and determination to address concerns and develop a plan tailored to their needs.
Establishing A Comprehensive Estate Plan
An estate plan includes various documents that account for how your estate and assets will be managed after your death or incapacitation. For example, if you suffer injuries in an accident and can no longer make decisions about your medical care and finances, your appointed power of attorney will take over.
We can help you with a variety of estate planning needs, including:
- Powers of attorney
- Advance directives
- Special needs trusts
- Charitable trusts
- Transfer-on-death deeds
Your estate plan should fit your goals and needs. At Schrader Companion Duff & Law, PLLC, we take the time to get to know you, your goals and your concerns before developing a unique estate plan that takes everything into consideration. Even if you are young and do not have a lot of assets, having an estate plan is still a vital safeguard for your future.
The Benefits Of Using Wills And Trusts
A will is an essential legal document that outlines your wishes on how your estate will be distributed after your death. You can include who will receive certain property, appoint guardians for minor children, and even specify final arrangements. In West Virginia, if you die without a will in place, the probate court will step in and distribute your assets according to intestate succession laws. This means that state law will determine who inherits your assets instead of the decision following your wishes.
A trust is a more complex document that allows you to hold assets for specific beneficiaries, charities or loved ones with special needs. A trust also can reduce estate taxes. There are multiple types of trusts that can be utilized in different situations and for different needs. At Schrader Companion Duff & Law, PLLC, our estate planning attorneys will review your estate and help you determine if a trust is right for you.
We Can Help You Prepare For The Future
Even if you are just starting your adult life, having an estate plan can protect you and your loved ones from difficulties in the future. For help with your estate planning needs, including wills and trusts, contact our Wheeling estate planning lawyers by calling 304-553-0194 or completing our online contact form.