Trust
The benefit of placing contingencies on your trust
Do you have a loved one in South Carolina you would like to leave something to when you die, but you worry they will squander their inheritance due to young age, poor money management or substance abuse? Or perhaps you want to leave a loved one an inheritance, but you...
What if a revocable trust conflicts with a will?
The goal of estate planning is to ensure that all parts of that plan work together smoothly. This could include a revocable trust -- also called a living trust -- and a will. Unfortunately, though, that doesn't always happen. So, if there is a conflict between the two...
An incentive trust creates a conditional inheritance
Many times, an inheritance comes without conditions. If you put someone in your will and leave them $100,000, they simply get that money when you pass away. All that matters to the estate executor is finding the right person and distributing the funds.However, you may...
Case for trust ownership reversed in South Carolina court
Disputes over properties held in trust are often complicated and time-consuming, and they can also take a lot of resources and energy away from vital operations. This is why it's important to be very specific about the intentions for any trusts, whether they're...
Trusts can be set in stone or changeable in the future
"It's all for the children." That's what smart landowners and wealth managers say. You should think of what you own as something you give as your legacy. It is all something you are holding in trust for your successors.A trust is exactly what a lot of people use to...
Terms matter when you are writing a trust
South Carolina law allows people with assets to create trusts that protect them. A trust can have many functions, such as conferring ownership of homes and other valuable properties to people before they would be included in a will. They can also protect the value in...
Revocable and irrevocable trusts are both options
The most important decisions in life are often so vital because they cannot be unmade. Marriages, births and other commitments are for life. Even when marriages end, children or assets from them can last far longer. Many of those consequences, whether they are...
Living trusts can protect assets as part of an estate
Is it time to plan your estate? If you can wonder whether or not you should, it's probably time to do it. Anyone with a family, a job, causes to support or any other connection in life wants to know that these valued people and entities are getting what you want them...
Reasons to consider a living trust
Many people in South Carolina and throughout the nation procrastinate when it comes to estate planning. This is because it can be uncomfortable for individuals to contemplate their own mortality. However, it can be in a person's best interest to create a revocable...
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...