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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.

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.

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.

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.

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.

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.

When estate planning in South Carolina, your will is a legal document that will designate who receives your belongings and assets upon your death. You may prefer to list a single beneficiary, or you can list several beneficiaries if you’d like to divide your assets among multiple people or entities.

An individual in South Carolina may be named as the executor of a will, which is a legal document that specifies how a person’s assets will be divided upon his or her death. The document may also include instructions about the care of minor children.

The structure of a business can be just as important to its success as what it does. Entrepreneurs in South Carolina should be aware of the differences between sole proprietorships, partnerships and corporations.

If you die without a will or other estate plan documents in place, South Carolina courts may determine how your assets are transferred. In the event that you do have an estate plan, it is important to review that plan on a regular basis and update it as necessary.