Starting a business in South Carolina involves being a smart manager and planner. One of your responsibilities is to decide how your family members will receive the most benefits from your business and protect their assets and liabilities. You might want to...
After a South Carolina resident dies, their children might end up fighting in probate court. Probate court is most often used when there are disputes about the deceased last wishes or what should happen to elements of their estate. Arguing in probate court can be an...
There are several reasons that South Carolina residents might need to update their estate plans. Many people tend to think of creating an estate plan as a one-and-done deal, but the reality is that many estate plans need to be updated every couple of years or so....
Starting a business requires a lot of work to develop a viable idea and market it properly. There's another issue entrepreneurs in South Carolina need to consider when starting a business: the legal structure they want the company to take. Types of business structures...
Are you thinking about opening a business in South Carolina? If so, it's important to prepare for this process. Unfortunately, many people who lack legal and business knowledge find themselves soon closing the doors of their new companies. You can help prevent this...
In South Carolina, people sometimes dispute the validity of wills and file challenges to them in the probate court. When someone contests a will, he or she must notify all of the interested parties about the will contest so that they can have the opportunity to...
Many South Carolina residents are familiar with trusts, but not everyone understands irrevocable trusts. An irrevocable trust can only be altered or terminated if the beneficiaries consent to the change. The grantor no longer owns the assets in the trust. That might...
If you're looking for a way to protect your assets in South Carolina, an irrevocable life insurance trust (ILIT) might be the solution you need. With an ILIT, a life insurance policy is the asset in this trust. It is understandable to want help when deciding if an...
South Carolina law requires last wills and testaments to be in writing and signed by the testator and two witnesses. The witnesses must have either seen the will signed or been assured by the testator that the signature on the document is genuine. If the testator is...
Estate plans can contain many different documents that address a variety of concerns and responsibilities. While many wealthy South Carolina residents explore the idea, having substantial assets is not a prerequisite. Net worth may not play a factor and a better...
