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Certificates of deposit and inheritance
In estate planning for South Carolina families, it is usually a good idea to keep assets out of the probate process. Probate is a slow and sometimes expensive court procedure for distributing assets from a person's estate to their heirs, and shielding assets from...
Using an AB trust to save on taxes
There are plenty of methods that you can adopt to save on taxes. One of the best will be an AB trust. This type of trust is perfect for the needs of South Carolina married couples. You can use it to maximize your federal real estate exemptions. This will let you pass...
Two forms of special needs trusts
The special needs trust is a great tool for people in South Carolina who are concerned about the future financial health of their children or other relatives. It is a way to provide them with funds without interfering with their benefits. Special Needs Trusts Types...
Reviving a will in South Carolina
When a person dies, their will goes into effect only if it meets the state requirements. However, if a will is invalid in South Carolina, there is a process called revival that you could use to bring it back to life. Understanding will revival in SC Will revival is...
Common mistakes people make with their estate plan
Preparing your South Carolina estate plan is important for your future. However, there are certain mistakes that are commonly made with estate planning. Not planning at all The biggest mistake you can make is to not plan for your future at all. Not having an estate...
How long does the probate process take?
South Carolina residents who recently lost a loved one might have to wait for probate to take place. An estate goes through probate regardless of whether there was a will. What is probate? Probate is a legal process that settles a person's estate with court...
4 basic types of trusts in South Carolina
Trusts are a commonly-used estate planning tool that can help you pass on your assets to your loved ones in a tax-efficient manner. There are many different types of trusts, each with its own set of benefits and drawbacks. Here are the four basic types of trusts in...
What to know about estate planning
Many people delay estate planning because it can be daunting to think about one's own demise. However, it is important for anyone with investments or any type of valuable property to plan for the future. If you're a South Carolina resident, here are some important...
What Assets Must Be Listed for Probate?
Preparing your South Carolina estate doesn't have to be hard. If you play your cards right, you might be able to plan your estate in a short amount of time. The key will be to list all assets in the correct manner and order of precedence. Your lawyer can help you...
Top estate planning mistakes to avoid
For South Carolina residents who are worrying about estate planning, there are a lot of things to keep track of as well as mistakes to avoid. Correct estate planning can protect wealth as well as reduce stress for the family. What to consider when estate planning...