The duties of an executor in South Carolina must be entrusted to someone responsible and thorough. This person has a list of tasks to do in order, and they cannot afford to skip any task. Otherwise, a simple court case could become delayed longer until the problem is...
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...
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...
Accounting can be a long-winded and very tedious task. This is the kind of job that is best handled with the use of software. It isn't something you want to spend long hours doing by yourself. The potential for irritation and fatigue is very great. Using software will...
Probate litigation in South Carolina is executed in order to administer the possessions of someone who died. When probate is required, it's an opportunity to contest a will. An estate with a plan has measures in place to keep its assets private. Probate, however, is a...
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...
