Month: May 2020
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Month: May 2020

What happens to your digital assets when you die?

You may not consider your digital assets when considering estate planning. However, it is essential that you plan for these, as well as your tangible assets.  Digital assets encompass a wide range of electronic records and accounts, including social media profiles,...

A will is not the only way to bequeath your assets

Many people who haven’t yet begun the process of developing an estate plan think that the will is the only instrument used to designate how assets will be distributed after they die. While the will is always the central document of an estate plan, there are multiple...

Charitable giving and estate planning

Estate planning often involves deciding what assets go to heirs. However, not all distributions must go to relatives and other close beneficiaries. An estate plan may involve charitable giving, directing a little or substantial amount toward good causes. The key point...

Health care in the estate plan

Under South Carolina intestate succession laws, if someone dies without a will, their assets automatically transfer to the closest relatives. However, there may be interim issues when estate planning for the final days. Many select a power of attorney in case they...

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...