Joe and Elly Summers have lived in Morgantown for many years. Joe is a veteran, and spent more than 25 years as a financial aid counselor for West Virginia University. He and Elly have two children and wanted to ensure that they would leave them with a legacy when they are gone. “It’s a scary thing to not have your affairs in order. Not just for yourself, but for the sake of your kids. We wanted to make sure that all our hard work over the years could be passed on to our kids.” The Summers came to Seamon Law Offices with the goal to protect their assets for the benefit of their kids, and also to ensure their financial future. Their estate plan included a revocable trust for most assets, and an Irrevocable Trust to protect their real estate investments. “We both came from a very modest financial background and didn’t think that we had that many assets worth protecting. When we started the process we discovered that we had much more than we thought. Doreen, Mike, and Madisen were great. We had many questions that we didn’t have answers for, but they were great about helping us understand everything.”
One concern that Joe and Elly had was that they wanted to pass on some of their savings, but they also wanted to be able to enjoy spending some of it as well. “We had spent most of our lives saving, but we wanted to have some fun at this stage in life. Mike did an amazing job with the financial planning and placement.” Their plan was set up to allow for both and ensured that their plans could be fulfilled. When asked what they would have to say to everyone reading their story here is what they had to say… “Don’t wait to plan! The longer you put it off the harder it will get or the less possible it will become. We should have done it prior to retirement. That would have saved us a lot of stress, and if something would have happened to us at that time we would have been completely unprepared. Go see Doreen for a free consult. You’ll be glad you did.”