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The Nelson Law Firm | South Carolina Tax Law Attorney
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We provide uncomplicated explanations and personally work to unburden you from the sense of worry about your legacy and the intricacies of tax concerns.

Year: 2020

Making use of an incentive trust

There are many different kinds of trusts you can add to your estate plan. One you may be interested in if you want to protect your assets from misuse is an incentive trust An incentive trust allows you to make clauses that your beneficiaries must meet if they want to...

When might you need a pour-over will?

A pour-over will is a type of will you can set up when you base your estate plan on a revocable living trust - which is something people may do to keep assets out of probate among other things. The problem with a revocable living trust is that you need to remember to...

How to ask a chosen party to be your executor

After determining the qualities you want your executor to possess and finding the right party, you need to initiate a conversation. But how do you ask someone to accept such a complex role? Here are three tips that can help you: Let them understand your criteria for...

Disinheritance tactics: What you should know

There are lots of different reasons that a parent may choose to disinherit one of their children – and it’s not always an adversarial situation. For example, parents may choose to disinherit capable, successful adult children to leave more resources behind for their...

Do you need to go to a will reading?

In the past, people would find out what they were inheriting at a will reading. This is often used for dramatic effect in movies and television shows. For instance, someone may be surprised to find out that they have inherited the family business or outraged to...

How often do estate plans need to be updated?

Estate planning is a so-called “living process,” as estate planning documentation benefits from periodic review and updates to better ensure that it remains aligned with your life circumstances, financial situation and goals.  As a general guideline, reviewing your...

Making charity a part of your estate plan

Estate planning largely revolves around leaving assets to your loved ones upon your death. Nonetheless, there is much more to it than this.  Charity plays a huge part in the lives of many people. If this is the case for you, then you may want to make charitable giving...