Year: 2017
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Year: 2017

What is Trust Decanting?

Decanting is a new statute in South Carolina that was effective January 1, 2014.  The concept of decanting is codified at S.C. Code Section 62-7-816A.  Technically speaking, decanting is the ability of a trustee to make a distribution from one trust to...

LLC vs. S Corporation

In order to truly understand the difference between limited liability companies ("LLCs") and corporations taxed pursuant to Subchapter S of the Internal Revenue Code ("S Corporations" or "S Corps"), it is important to realize that businesses exist within two different...