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The Nelson Law Firm
South Carolina Tax Law Attorney

August 2019 Archives

Pet care provisions in estate plans

About two out of three households in South Carolina and around the country own a pet. Many people see their companion animals as cherished members of the family. Pets may be placed in shelters when their owners die, and they are often euthanized if they are not adopted. Adding pet provisions to a will is not a solution to this dilemma because a will provides no ongoing control over how animals are treated. It could also be several months before a will is probated.

Confusion continues to muddle estate planning efforts

There are no shortages of reasons why many South Carolina residents fail to complete the estate plan the vast majority of them fully understand they should and intend to establish. Of course, there is the uncomfortable thought of dealing with one's own mortality, but sooner or later everyone needs to confront that reality. And for many, there are difficult decisions or perhaps no good choices when it comes to dividing up assets among beneficiaries. But it's also true there is simply a common lack of understanding regarding what purpose individual estate planning documents serve and how they work together to protect the individual's interests.

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