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While many people avoid thinking about what will happen after they die, a carefully crafted estate plan gives them the opportunity to ensure their assets are passed on to those they wish to have them. At Prim Law Firm, PLLC in Hurricane, West Virginia, we tailor estate plans to fit our clients’ unique needs. Whether you seek help drafting a will, establishing a trust or specifying your wishes for medical care in the event that you cannot articulate them, we provide the seasoned advice and advocacy that advances your goals and helps you protect your assets and your family.
Estate planning can be thought of as a toolkit, offering an assortment of legal instruments that clients can select from based on their individual needs and objectives. Thus, there is no one-size-fit-all approach when it comes to planning an estate. As experienced attorneys, we will take the time to understand your situation and goals before advising you on the available options, which include:
With these options, the possibilities are nearly limitless for those seeking to provide for family members and charitable organizations after their death, direct their own care and ensure their wishes are known and honored.
Estate planning attorneys can also help clients make arrangements for long-term care in the event they suffer a serious illness that leaves them incapable of caring for themselves. For many people, the question of what will happen to them if they require such care doesn’t occur to them until it is too late and they have been severely injured in an accident or diagnosed with a degenerative condition such as dementia. The cost of caring for someone who needs around-the-clock care can be astronomical, whether the care is at home or in a nursing facility.
The best approach is to deal with long-term care planning before you need it. Besides long-term care insurance, which will cover some of the cost, one must be mindful of preserving assets and establishing eligibility for federal and state assistance. Legally, there are options for Medicaid planning, such as assigning assets to certain types of trusts or transferring them to a relative in advance of one’s need for benefits. Our firm can advise clients or their family members on the steps they can take to ensure they have the financial means for extended care when they need it.
At Prim Law Firm, PLLC, we devise creative solutions and plans to address our clients’ estate planning needs through wills, trusts and other instruments. To schedule a consultation at our Hurricane, West Virginia office, call 304-721-4619 or contact us online.