If you've decided that you're going to start your own business in South Carolina, then you have many options for how you legally form your entity. While many people are familiar with partnerships and corporations, a common favorite of the American entrepreneur is an...
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Myrtle Beach Estate Law Blog
How to avoid probate
Unless the necessary documents are created, your finances and assets must go through probate, which means your beneficiaries won't obtain everything you leave behind after you pass away in South Carolina. Real estate and retirement accounts must all go through...
How can I challenge a will in South Carolina?
Challenging someone’s last will and testaments can be a difficult task. Unless you have a legitimate reason to suspect that the will isn’t valid, it’s near impossible to contest a will after a person’s passed. If you’re considering challenging a will in the state of...
What is the difference between an heir and a beneficiary?
Estate planning frequently involves drawing up a will with the intention of leaving specific assets to relatives, friends, charities, or others. Unless told about the contents of the will beforehand, a close relative might not know if he or she receives anything. Many...
How partnerships work
When people in South Carolina start a business, they need to think carefully about how to structure it because there are numerous options available. Sole proprietorships are a common way one person can start a small business. Unfortunately, they don't provide a lot of...
What happens when an executor doesn’t perform duties?
The executor of an estate finds him/herself tasked with many essential duties during probate. Unfortunately, beneficiaries may find themselves dealing with an executor who might be incompetent or even malicious. Taking steps to deal with a disastrous executor might be...
When should you update your estate plan?
Many people make the mistake of creating their estate plan and never giving it a second look. However, things can change over the course of a life. If your estate plan doesn’t reflect those changes, it could leave your family in an awkward position after you pass...
Do retirement accounts go through probate?
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...
Avoid these estate planning errors
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...
How do passwords factor into estate planning?
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,...