Commercial finance requires the raising of capital to create a business. There are a number of financing options that are available to raise capital. A business owner in South Carolina is encouraged to understand the main uses of a capital account. The significance of...
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...
South Carolina allows you to organize your business as a limited liability company even if you are its sole member. Forming an LLC means that you are separate from your company for legal purposes. Let's take a look at the types of protection that you might be entitled...
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...
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...
