Month: August 2022
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Month: August 2022

Avoid estate tax with a dynasty trust

Dynasty trusts provide grantors in South Carolina a way to avoid the various transfer taxes that your estate may otherwise incur. But for it to work, you have to make sure you set everything up correctly on the first try. What are dynasty trusts good for? The big...

Keep your property in the family with a life estate

Legal joint property ownership commonly comes in the form of a life estate. Life estates themselves come in many different kinds, and you may want to find out which one is right for your estate if you want to ensure that the family property in South Carolina stays in...

What if a beneficiary dies before probate is done?

Probate in South Carolina can be an involved, complicated process. It is made all the more complex when one of the beneficiaries dies during the pendency of the probate action. This circumstance is more common than you might think, as probate can take months or even...

Wills and trusts serve different purposes

One of the first questions some South Carolina residents may have about estate planning is what is the difference between a will and a trust? They are not interchangeable documents, but they are often used in conjunction with each other. A will is public and essential...

Does a will always have to be probated?

Losing a loved one is difficult, and the last thing families want to deal with at a time like this is a complicated legal process to settle an estate. In South Carolina, most estates must pass through probate court in order to be settled. However, there are a few...

Certificates of deposit and inheritance

In estate planning for South Carolina families, it is usually a good idea to keep assets out of the probate process. Probate is a slow and sometimes expensive court procedure for distributing assets from a person's estate to their heirs, and shielding assets from...

Using an AB trust to save on taxes

There are plenty of methods that you can adopt to save on taxes. One of the best will be an AB trust. This type of trust is perfect for the needs of South Carolina married couples. You can use it to maximize your federal real estate exemptions. This will let you pass...