When you reside in South Carolina as a married couple, it can be challenging to get older. Eventually, you or your spouse may need to spend time in a nursing home offering full-time care. While you may have an abundant number of assets, staying in these facilities can...
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Why should you include a living will in your estate plan?
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....
You may still need a will even if you have a trust
Many people believe that someone must choose a will or a trust for his or her estate plan. However, these people may not realize that it is often a good strategy to have both documents.Including a trust in your estate plan can have many benefits. Unfortunately, you...
3 times in your life when you should update your estate plan
As you get older, you start to prioritize what’s important to you. You want to make sure your assets will be distributed to the people you care about when you’re gone. Updating your estate plan is a smart move if something significant in your life...
Remember to share your estate plan with your family
Estate planning can be very personal. Details, such as what your assets are, how you plan to distribute them, who you trust as alternate decision-makers and who you trust to handle your final affairs, can be difficult to talk about, especially if you are trying to...
Be sure to update your estate plan after divorce
Most people, upon creating an estate plan, will check it off of a to-do list and promptly forget about it. However, estate plans are not meant to be created and then left stagnant.Your life is filled with change, and your estate plan works best when it reflects...
5 components all good estate plans need
Having a well-developed estate plan is one of the best things someone can do to safeguard their property, give themselves and their family peace of mind and avoid the cost of probate. Despite the utility of getting one's affairs in order, though, a surprising number...
How do a healthcare power of attorney and a living will differ?
A healthcare power of attorney and a living will are both documents that allow you to make your wishes about healthcare known in case you become incapacitated. The differences between the two documents can be confusing because both regard healthcare decisions and are...
Is there still probate court without a will?
If a loved one has died intestate, meaning without a will, you may be inclined to believe that probate, the official proving of a will, would not be necessary. However, probate can't be avoided because of the absence of a will.In fact, there tends to be more probate...
Tips to help you divide your inheritance
Drawing up an estate plan is not always easy. Especially when it comes to the deeper aspects of family relationships and inheritance. However, there comes a time when you start to put into action measures that will delegate your assets to your intended heirs someday....