Generally speaking, any assets that remain in your South Carolina estate are subject to probate. For instance, if a house was titled in your name only, it would likely be held in your estate. The same is often true for bank, brokerage or retirement accounts that do...
Estate planning mistakes in South Carolina can be costly, causing both financial and emotional turmoil for heirs. Unfortunately, these errors are also not uncommon, but being aware of some of the most frequent ones can help you avoid them. The dangers of doing it...
Password serves as keys to all manner of sensitive accounts. That's why so many security experts suggest guarding passwords to prevent unauthorized access by third parties. Even revealing passwords to trusted persons could lead to compromised accounts. Regardless,...
When estate planning in South Carolina, your will is a legal document that will designate who receives your belongings and assets upon your death. You may prefer to list a single beneficiary, or you can list several beneficiaries if you'd like to divide your assets...
An individual in South Carolina may be named as the executor of a will, which is a legal document that specifies how a person's assets will be divided upon his or her death. The document may also include instructions about the care of minor children. Upon a person's...
The structure of a business can be just as important to its success as what it does. Entrepreneurs in South Carolina should be aware of the differences between sole proprietorships, partnerships and corporations. One of the most common business structures used by...
If you die without a will or other estate plan documents in place, South Carolina courts may determine how your assets are transferred. In the event that you do have an estate plan, it is important to review that plan on a regular basis and update it as necessary....
In recent years, more older adults have been getting divorced. Many older people in South Carolina are also getting remarried. When people have had more than one family, it can complicate the financial picture. There are several estate planning problems that every...
Many South Carolina residents have a general notion of what probate is and would prefer to avoid the process if possible. In many cases, the necessity of probate can be obviated by careful planning. If, despite the parties’ intentions, probate becomes necessary, it...
Being named as the executor of your friend or family member's South Carolina will may seem like an honor. However, there are many potential drawbacks performing that role. This may be especially true if you are asked to oversee an estate alongside a sibling or other...
