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October 2019 Archives

West Virginia Adult Guardianship: Investigating the Options

The law in the United States is often crafted around protecting the interests of those who cannot protect themselves. The West Virginia Guardianship and Conservatorship Act addresses just such a person--a "protected person" who cannot legally take care of him- or herself and who may need the assistance of an appointed guardian for personal care and concerns or the assistance of a conservator for financial decisions. Investigating the options, however, can be daunting. Those seeking to help a loved one incapable of tending to his or her own self-care or matters often have questions about what kind of guardian is needed, what forms to fill out, what court makes guardianship decisions, and what kind of qualifications a guardian needs to have. A West Virginia guardianship lawyer knows the ins and outs, of course, but if you find yourself needing to investigate the options for caring for an adult in need of assistance, it is helpful for you to have a general understanding of adult guardianship and conservatorship, too. Continue reading below to find out more.

Legal Guardianship of an Adult: What You Need to Know

Guardianship is a means by which you can become legally responsible for managing the care of a disabled or incompetent adult. Guardianship grants only specific rights and responsibilities related to the care and concerns of that individual. Understanding what guardianship entails and familiarizing yourself with the process to obtain it are essential to successful transitions in these situations.

DAP Trusts and Asset Protection for Physicians

Physicians dedicate their lives to acquiring the knowledge and skills to help others and to building a practice and reputation. These efforts often offer substantial personal and financial rewards. However, those who work in the medical field also endure a high risk of personal liability. Asset protection for physicians is an important part of financial and estate planning.

Estate Planning for Business Owners: Do You Have a Business Succession Plan?

When you own a business, estate planning and business succession planning are emphatically entwined. Estate planning for business owners requires careful consideration of the impacts of your business succession plan on your life, retirement goals, and family. These objectives must be balanced and coordinated with your wishes for the future of the company, business partners, and employees.

Why Communicating Your Estate Plan to Your Family is Essential

Estate planning can be a complex process. If you have a thorough, updated plan in place, you probably feel confident that your last wishes will be carried out. However, an important part of the process is often neglected--communicating your estate plan to your family and heirs. Sadly, if you fail to tend to this aspect of successful estate planning, your family could still be left in emotional and financial turmoil despite your efforts to document your wishes and provide a smooth transition of wealth.
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