South Carolina residents who want to plan for the future and protect their loved ones should always have a will. However, this isn’t enough to ensure that your loved ones get what’s theirs or that your wishes will be carried out. Why should you have more than just a...
South Carolina residents who want to begin estate planning should consider more than just a will. A revocable living trust is a great option for many reasons. What is a revocable living trust? A revocable living trust is a legal document that determines how a person's...
Estate planning refers to the process of making arrangements for the management of your estate after your death. There are many ways to go about estate planning, and one tool that estate planners often use is the irrevocable life insurance trust, or ILIT. What is an...
Writing a will remains a vital component of estate planning, but there are other steps someone could take. Planners may wish to draw up valid power of attorney documents under South Carolina law. While signed power of attorney documents do not affect assets transfers...
An IDGT, or intentionally defective grantor trust, is a useful tool for people in South Carolina who are beginning their estate planning. Like other kinds of trusts, an IDGT can help with the transfer of accumulated wealth while minimizing the tax impact of moving the...
Most families do not want to talk about death or money, and they don't want to discuss the two topics in a single conversation. However, when an aging parent reaches a difficult stage in life, it becomes almost impossible to ignore the discussion. Know how to start a...
As you know, there are many ways to form a business in South Carolina. With that in mind, many people choose to form a limited liability company (LLC). One reason that LLCs are so popular is that they protect business owners from many personal liabilities. But how do...
Every state has its own unique set of laws that go into inheriting estates and South Carolina is no exception. There are laws regarding how estates are taxes, how estates are passed down, and even what makes a will valid or not. What are the estate taxes in South...
Estate planning in South Carolina is an important step for new parents. Life is fraught with unexpected difficulties, but the challenges of life won't have to destroy the future of your children. Even when your kids are newborns, making a few tough decisions now can...
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. The South Carolina probate process could become much more...
