Myrtle Beach area residents understand the importance of estate planning. But, estate planning is often placed on the back burner for many reasons. When a Myrtle Beach area resident finally takes the time to tackle their family's estate planning, they may think a will is sufficient for their needs. They may be surprised to learn that a trust may also be necessary.
Reasons why a person may need a trust
5 components all good estate plans need
Having a well-developed estate plan is one of the best things someone can do to safeguard their property, give themselves and their family peace of mind and avoid the cost of probate. Despite the utility of getting one's affairs in order, though, a surprising number of people with without a plan for their estate.
Digital presence needs to be protected
Almost everyone in the Myrtle Beach area has some sort of digital presence. Whether a person has online bank accounts, amazon prime memberships, or social media accounts, it's hard to avoid a digital presence of some sort. When a person thinks about estate planning, wills and trusts are the typical things that come to mind. But digital estate planning is also something that needs to be considered.
