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. Upon a person's...
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. One of the most common business structures used by...
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....
In recent years, more older adults have been getting divorced. Many older people in South Carolina are also getting remarried. When people have had more than one family, it can complicate the financial picture. There are several estate planning problems that every...
Many South Carolina residents have a general notion of what probate is and would prefer to avoid the process if possible. In many cases, the necessity of probate can be obviated by careful planning. If, despite the parties’ intentions, probate becomes necessary, it...
There is more to crafting an estate plan than deciding what will happen to your assets after you die. A good estate plan can also help you and your family protect your assets and protect yourselves while you are alive. For example, an estate plan can include a health...
Planning and preparing for the future often happens at pivotal moments in life. That is why many establish an estate plan when they marry, have children, retire, or are diagnosed with an illness. While these are common times to draft or update an estate plan, this...
Starting a business is a major step to take. Whether it is a small family business or the beginning stages of a large corporation, specific steps are required to get a business off of the ground. In other words, business owners should take the time to understand what...
Planning for your future can be a daunting task. When you begin the process, the number of components alone might intimidate you. However, each document included in an estate plan contains crucial information that provides protection for your family’s future....
While it is known that developing a Florida estate plan is an important step to take, many decide to put this off later in life. Even when individuals and families take the time to put an estate plan in place, they may not be fully aware of the roles this plan can...
