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The Nelson Law Firm
South Carolina Tax Law Attorney

February 2020 Archives

Don't overlook these estate planning issues

Ideally, South Carolina residents and others will develop and refine an estate plan that meets their current and future needs. In many cases, a plan will need to be reviewed and updated as life events such as a divorce or a death in the family take place. One of the primary mistakes a person can make when it comes to managing their assets is not having a plan at all.

What older people should know about divorce and retirement

People in South Carolina and throughout the country who get divorced after the age of 50 may face unique estate planning challenges. TD Wealth conducted a survey of 112 financial professionals to determine what those challenges may be. Of those who responded, 39% said that getting divorced later in life can increase the cost of retirement. Those respondents also said that ending a marriage could make it harder to adequately fund a retirement.

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