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Interested Parties Who Might Contest a Will
In South Carolina, people sometimes dispute the validity of wills and file challenges to them in the probate court.
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Butler Law
Would an Irrevocable Trust Be Right for You?
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.
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Should You Create an Irrevocable Life Insurance Trust?
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.
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South Carolina Wills Must Be Signed in Front of Witnesses
South Carolina law requires last wills and testaments to be in writing and signed by the testator and two witnesses.
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Is Estate Planning for Everyone?
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.
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How Do Transfer on Death Accounts Work?
Estate planning often involves making things less costly and complicated for beneficiaries. When drawing up a will, the testator may realize that surviving family members may find probate confusing and time-consuming.
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Is It Difficult to Change the Executor of Your Will?
If you currently have a will, then it’s highly likely that you named an executor of it. This is the person that is responsible for carrying out your wishes specified in the will after your passing.
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The Potential Benefits of A Living Trust
A revocable living trust can be an effective estate planning tool for anyone who owns property in South Carolina. This is because any assets held inside of such a trust are unlikely to be subject to state probate laws.
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Should You Form an LLC?
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
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Primary Legal Considerations when Launching a Business
Starting a new business in South Carolina is an exciting, challenging and gratifying process. As you go about launching your startup venture, there are a number of primary legal considerations to bear in mind.