You have the best of intentions when you execute a will, wanting to ease the burden on loved ones by leaving instructions on the distribution of your estate after your death. But executing a will isn't always a matter of set it and forget it. Sometimes a change in circumstances--the passage of time, the unexpected loss of a loved one, or a change in your financial situation--can lead you to change your mind about how you want your estate distributed. Is revoking a will in WV the answer? Read on to find out.
In my estate planning practice, clients frequently inquire into the distinctions between Medical Powers of Attorney and Living Wills. This is a great question because, under West Virginia (WV) law, it is not a matter of needing one or the other. There is no battle of "medical power of attorney vs living will." Instead, these documents work together as part of a comprehensive estate plan.
Let's start with the basics. A proper estate plan that protects both you and your assets includes the following legal documents: (1) Last Will and Testament; (2) Durable Power of Attorney; (3) Medical Power of Attorney; and (4) Living Will. In my estate planning practice, clients frequently ask: What is a Durable Power of Attorney? Since the purpose of Durable Powers of Attorney is a frequent point of discussion, below I discuss this estate planning tool's function.