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Month: February 2017

Using an estate checking account

If you have assets, such as stocks, property and furnishings, it can be helpful to create an estate plan if you want to pass them along to specific beneficiaries after you pass away in South Carolina. An executor will be in charge of distributing your assets during...

A guide to paying estate taxes in South Carolina

South Carolina families that have just lost a loved one have much on their plate. One element many fail to consider are taxes and how they will get paid. What taxes occur after the death of a loved one The Internal Revenue Service (IRS) still needs the decedent's...

Understanding ancillary probate

If you live or own property in South Carolina, your estate will likely be subject to the state's probate laws. However, if you also own property in another state, an ancillary probate proceeding will need to take place within that jurisdiction. Ancillary probate...

Changing your will’s executor: Reasons and ways

Trusting anyone completely is understandably difficult. But you must trust yourself to make the critical choice of choosing someone to oversee your estate when you pass on. An executor, at least 18 and of sound mind, is the individual you, as the testator, appoint to...

How long does the probate process take?

Most South Carolina residents who own any type of asset know the importance of estate planning. However, even the most well-constructed estate plans still go through the probate process. The process varies in length depending on several factors, including what type of...

3 tips for being a good executor

While many South Carolina residents don’t want to think about the passing of a loved one, being an executor is both an honor and a great responsibility. Typically, people creating their estate plans choose a friend or relative whom they completely trust to serve as...

Overview of different types of trusts

For some people, creating a trust might be a better way for them to accomplish their estate goals than simply writing a basic will. Trusts can be used to accomplish a broad variety of different purposes, including the avoidance of South Carolina probate, minimizing...

What is probate in South Carolina?

South Carolina residents have probably heard of the term “probate” or “probate court” before. But you might not know what probate is until you’re planning your estate or trying to manage a loved one's affairs. Probate refers to the legal process used to transfer...