Year: 2019
Special needs trusts
Estate planning involves the arrangement, management and eventual distribution of assets over someone's lifetime, particularly to create favorable outcomes should they become incapacitated or die. While most people in South Carolina only need to use basic legal...
What to know about a pet trust
In the state of South Carolina, pets are generally considered to be property. Therefore, if you don't include them in your estate plan, there is no guarantee that they will be properly cared for after your passing. One way to ensure that your furry friends have a good...
Estate planning and retirement accounts
Estate planning is one of the most important kinds of financial planning for South Carolina couples. When there are special retirement accounts involved, the tax rules make it much more complicated to figure out the best way to preserve the accumulated wealth. How to...
Why you should update your will in 2022
Wills are a powerful estate planning tool for many South Carolina residents. They tell people what you want to happen to your belongings after you die and in a lot of cases, can ease the burden on your loved ones. However, this is only true if you remember to update...
Why are letters testamentary part of probate?
Your loved one has passed away, and now comes the process of going through probate in South Carolina to distribute assets to the heirs. You may have thought you understood the probate process, but now you face getting letters testamentary before you can do anything...
Do you need to go through the probate process?
Probate is the process of transferring assets from the estate holder to their beneficiaries. In South Carolina, you are required by law to deliver a person's will to the probate court within 30 days of the decedent's passing. Here are a few tips to let you know if you...
Fundamental points about estate planning
Estate planning may seem complicated and overwhelming to those who never explored the process. Perhaps the perception comes from being unfamiliar with the various steps and documents. After learning about estate planning fundamentals, the steps may become less...
Estate planning guide for high-net-worth individuals
Going through estate planning in South Carolina can be challenging, especially if you're dealing with a significant sum of money as a high-net-worth individual. Keeping up with all of the changes occurring with estate planning can also make it complicated....
Protect beneficiaries with discretionary lifetime trusts
Trusts in South Carolina can protect your heirs from creditors and taxes. Even a beneficiary's divorce won't reach the assets that legally belong to the right trust. Trusts are binding agreements that shelter assets in hopes of transferring them at a later date....
Facts about the probate process
Probate can be a confusing process to someone who's experiencing it for the first time in South Carolina, and many people feel overwhelmed or intimidated by the whole thing. The good news is that the probate process isn't always complicated. What is probate? Probate...