Estate planning isn’t only for older persons, but as someone ages, concerns arise. With age comes worries about health, leading some to either revisit their plan or create estate documents for the first time.
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.
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.
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.
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.
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.
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.