Probate and Estate Planning

 

Retirement PlanningMillions of Americans don’t have an estate plan for themselves. Who will take care of you when you can no longer make decisions for yourself? Who will navigate the Probate Courts of South Carolina when you pass away? Or pay bills on your behalf? If you do not have documents like a durable power of attorney or last will and testament, you potentially leave open the door for unnecessary court intervention and fighting  amongst relatives. Without a proper estate plan, it can lead to a significant loss of your hard earned wealth, especially due to probate proceedings and estate taxes. With a proper plan in place, you and your loved ones increase the chances of avoiding probate litigation, guardianship actions, and conservatorship actions in South Carolina. If you live in the Myrtle Beach or Charleston areas of South Carolina, let the lawyers at Coastal Law, LLC help advise you of the documents you might need for your estate plan.

The attorneys at Coastal Law, LLC offer a full range of estate planning services, including:

  • Living Wills
  • Simple Wills
  • Probate Administration
  • Trusts
  • Healthcare Powers of Attorney
  • Limited Powers of Attorney
  • Durable Powers of Attorney

Even if you have some or all of these estate planning documents which were either drafted a long time ago or in another state, call the attorneys at Coastal Law, LLC in Myrtle Beach or Charleston to review your current estate plan and make sure you are protected. Different states have different requirements for these documents or the law in South Carolina may have changed.

Last Will and TestimentSome may ask: “Is a Will really necessary?” Without a will, the likelihood of conflicts and after-death disputes between your children and other family members will increase significantly. The court also directs how to distribute your assets in accordance with South Carolina law.

Dying without a Will is called “dying intestate.” Because you may have no Will, you lose the ability to direct the distribution of your estate. The state of South Carolina steps in at your death and makes the decisions for you, according to the distribution schedule set forth in its probate laws. The state’s decisions are designed to pass property to those they think would most benefit. The state’s decisions would not necessarily conform to your plan or to what is best for your family and loved ones. This can cause a multitude of problems and misunderstandings, not to mention tying up your assets in the probate process for a long time.

There is no better opportunity to specify what your wishes would be in any situation involving incapacitating accidents or illnesses. You can save a lot of money and hard feelings between your loved ones by planning now how you want your assets managed when you are incapacitated and how your property will be divided at your death.

Call the attorneys at Coastal Law, LLC at (843) 488-5000 or contact us online today to set up a consultation to discuss your estate planning needs.

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