The duties of an executor in South Carolina must be entrusted to someone responsible and thorough. This person has a list of tasks to do in order, and they cannot afford to skip any task. Otherwise, a simple court case could become delayed longer until the problem is...
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Month: February 2022
Power of attorney authority in estate planning
Writing a will remains a vital component of estate planning, but there are other steps someone could take. Planners may wish to draw up valid power of attorney documents under South Carolina law. While signed power of attorney documents do not affect assets transfers...
What is an IDGT?
An IDGT, or intentionally defective grantor trust, is a useful tool for people in South Carolina who are beginning their estate planning. Like other kinds of trusts, an IDGT can help with the transfer of accumulated wealth while minimizing the tax impact of moving the...
Having an estate planning conversation
Most families do not want to talk about death or money, and they don't want to discuss the two topics in a single conversation. However, when an aging parent reaches a difficult stage in life, it becomes almost impossible to ignore the discussion. Know how to start a...
How does an LLC handle income taxes?
As you know, there are many ways to form a business in South Carolina. With that in mind, many people choose to form a limited liability company (LLC). One reason that LLCs are so popular is that they protect business owners from many personal liabilities. But how do...