Myrtle Beach Estate Law Blog
Keeping your money out of the probate process
People in South Carolina work hard for what they earn, and some even take steps to invest their earnings in accounts that accumulate interest. Over time, these accounts can become very valuable. People may want the money in these accounts to go to a specific heir....
What should I include in my estate plan?
Many individuals may want to develop an estate plan, and may know it is important to do so, but may not be sure what they should include in their estate plan. Regardless of age, potential estate planners should understand how important it is to have an effective...
Testamentary Capacity in the Execution of a South Carolina Will
Estate planning is an important way for an individual to protect their wealth after they are gone and to ensure that their assets pass to the individuals and organizations of their intentions. There are many different legal devices that can be used to create an estate...
Why is Medicaid planning so important?
As they get older, South Carolina residents may get more and more concerns about how they are going to afford the cost of an assisted living facility, such as a nursing home. The costs of a nursing home stay are astronomical, with average costs running between around...
Estate planning for new parents
Throughout a person’s adult life, many major life events occur. This includes marriages, starting a business, the birth of a child, receiving an inheritance, entering retirement or being diagnosed with an illness. And with each of these events, it may be beneficial to...
Guide to forming a business later in life
Entrepreneurship is not just for the young at heart. In fact, many businesses and startups today are initiated by those considered middle-aged. However, no matter a person’s age, the reality is that the same steps are required to form a business. Nonetheless, for...
Factors to consider when disinheriting a child
As the hit show Succession has taught audiences, there is no guarantee that adult children will inherit a title, business, assets or properties during the lifetime of a parent or at their death. When beneficiaries, such as a child, discover that they are not named in...
Gray divorces and important estate planning steps
Ending a marriage is often an unexpected event; however, for many spouses in South Carolina, it ends up being a necessary one. Divorce is not an event that only occurs when someone is in his or her 20s, 30s or 40s. The increase in gray divorce, or rather, divorces...
Four reasons to update your estate plan in your senior years
An estate plan is a means for protecting and preserving your legacy, as well as a vehicle that allows you to care for your loved ones financially once the you have passed on. However, an estate plan executed when you were a young adult may not address the many life...
What are the benefits of a revocable trust?
There is more to crafting an estate plan than deciding what will happen to your assets after you die. A good estate plan can also help you and your family protect your assets and protect yourselves while you are alive. For example, an estate plan can include a health...
