Jenkins Fenstermaker, PLLC

Local: 304.521.4571

Toll Free: 866.617.4736

Quality. Dedication. Service.

Wills, Trusts, and Estates Archives

Medicaid Asset Protection Strategies: Fact and Fiction

Medicaid myths and misunderstandings about long-term care coverage and Medicaid asset protection are abundant. The belief that individuals with significant financial means will never need Medicaid coverage and the idea that all assets must be exhausted before Medicaid coverage becomes an option are among these fictions.

Spousal Medicaid Considerations for Long-Term Care Planning

Preparing for the possibility that you will at some point require long-term care, either in a nursing facility or at home, is an often overlooked aspect of estate planning. This third blog in a series of six on the topic of long-term care planning will discuss Medicare and Medicaid coverage, as well as spousal Medicaid rules and requirements that should be taken into consideration.

Elder Care Insurance and Long-Term Care Partnership Programs

Long-term care insurance can ease the burdens of aging by covering the cost of services--such as nursing home or in-home daily living care--not typically covered under Medicare and other health insurance plans. While this coverage can be expensive, there are multiple options to consider, and long-term care partnership programs in many states, including West Virginia (WV), Kentucky (KY), and Ohio (OH), seek to make long-term coverage more affordable and attractive to wider groups of people.

Elder Care Planning in WV, OH, and KY: How to Pay for Long-Term Care

This is the first in a series of six blogs on the topic of long-term care in elder care planning in WV, OH, and KY. The blogs that follow in this series will take more in-depth looks at the topics discussed here. Consulting an attorney for long-term care planning and the guidance of a financial advisor can help you protect your interests and those of your loved ones as you age.

Naming a Trust as an IRA Beneficiary: Is It Right for You?

In planning for your family's security, you may have wondered how to pass on your Individual Retirement Account (IRA) assets in the event of your death. In some cases, you may not want a family member to receive IRA funds directly after you're gone and wonder "can an IRA be in a trust?" If you're considering naming a trust as an IRA beneficiary, that can completely alter how the Internal Revenue Service (IRS) treats IRA distributions. Knowing the pros and cons of this estate planning strategy can help you make the best choice for your circumstances in conjunction with an experienced estate planning attorney.

Your Year-End Estate Planning Checklist

You can't stop time from passing. As you are asking yourself how another year went by so quickly, take control of those things that you can control and that can give comfort and support to your loved ones: review your estate plan using this year-end estate planning checklist.

International Estate Planning for Individuals and Families

The adoption of the European Parliament's European Succession Regulation in 2012 simplified estate planning in the European Union. The regulation also resolved jurisdictional and choice of law issues. Unfortunately, no single overarching law governs international estate planning for other countries, including the United States.

Charitable Estate Planning: Benefits for Both Donor and Recipient

Whatever your age, income, or family status, you have probably heard of and considered estate planning. An estate plan ensures that the money you work so hard to earn protects and benefits your loved ones. However, another planning option you may not have considered is charitable estate planning. Charitable estate planning is a rewarding way to benefit a worthwhile charity or organization, while reaping tax benefits for you and your family both now and later.

Technical Errors in WV Wills: Protect Your Estate from Potential Mistakes

A will is an important legal document that communicates your wishes about the distribution of your property after your death. In West Virginia as in most states, a will must comply with the standards set out by statute in order to be valid and enforceable. Unintentional, technical errors in WV wills can cast doubt on your intentions or even invalidate your will altogether. For that reason, it's essential to ensure that your will and other estate planning documents are well prepared and free of mistakes.
Jenkins Fenstermaker, PLLC Best | Client Recommended | 2019