Some people in South Carolina might be considering using a trust as part of their estate plan. A spendthrift trust can help ensure that assets are protected against a beneficiary's irresponsible spending. It can also protect assets against creditors.
The uses of a spendthrift trust
Why people should keep only one signed will
When people in South Carolina make a will, they may know just how important it is to keep a signed copy of this key estate document safe and secure. People make wills to determine how their assets will be distributed after they pass away. By planning for the future, they can specify the use of their property without relying on the state law standards. Estate planning is especially important for wealthy people, but it can help people of any means. Family members will find that dividing assets is an easier process if a clear, legal will is available, and they will generally spend less time and money in probate court.
Why a pour-over will can be important
People in South Carolina who are using a trust in their estate plan may also want to create a pour-over will. The purpose of a pour-over will is to place all assets not already in the trust or passed using other methods, such as beneficiary designations, into the trust.
