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. If your estate plan doesn’t reflect those changes, it could leave your family in an awkward position after you pass...
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Avoid these estate planning errors
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. The dangers of doing it...
How do passwords factor into estate planning?
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. Even revealing passwords to trusted persons could lead to compromised accounts. Regardless,...
Listing more than one beneficiary in estate planning
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...
Performing your duties as executor of an estate
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...
How to stop procrastinating when it comes to estate planning
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....
Estate planning considerations for remarriage
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...
Probate litigation can be complex
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...
Preparing for will execution after death with estate planning
In South Carolina, after a loved one has died, there are many issues to consider. There are the personal and emotional ramifications following a death, but financial concerns must also be handled. This includes the execution of the will. It is important to understand...
Estate planning is for everyone
Everyone in South Carolina should know at least a little about estate planning. That term can conjure up images of a large property with a spacious home on it. But in truth, even people who don't own a home need to plan for how they want their estate to be handled...