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An estate plan is a comprehensive set of legal documents that helps a person prepare to distribute their assets and wealth when they are no longer alive. A good estate plan prepares for various outcomes and events that may occur at the end of a person’s life.

Regardless of, and maybe because of, your dreams for your business, business formation is an important step. There are a variety of considerations to take into account and it is an important step that should not be overlooked or underestimated for its impact on the rest of the life of the business.

Many residents of South Carolina think that a civil lawsuit is a type of conflict that can only be won by the last party standing. In reality, almost 95 percent of civil claims in South Carolina are settled, that is, the parties agree to compromise their differences without enduring a lengthy and potentially expensive trial.

Unfortunately, families dealing with an inheritance often engage in fighting or suffer hurt feelings. Effective estate planning typically deals with financial realities but should also address the more difficult issue of preventing family disputes.

Let’s face it. The probate process, without any bumps in the road, is long and tedious.

It is a dream that many South Carolina residents have had at one time or another – leaving the corporate world and starting their own business. A start-up business can be a rewarding endeavor for an individual who is prepared to make hard sacrifices and important decisions about how to further the interests of their fledgling entity.

As any Myrtle Beach resident can attest, much work goes into starting a business. No matter the size of the business, an individual can devote much of his or her life into a business.

Our blog has many times advised South Carolina residents about the importance of having a will or other estate planning document so that they can control how their wealth gets distributed after they die. Just like other states, South Carolina has intestate succession laws.

Many people in the Myrtle Beach area take pride in the fact that they have drafted a comprehensive estate plan and that disposition of their assets will be controlled by a well-drafted will. Then something unexpected happens.

Most Myrtle Beach area residents understand the importance of estate planning. Estate planning encompasses many different aspects of a person’s life, including their assets, their children, and their health care wishes.