South Carolina is one of the few states that requires a licensed South Carolina attorney to handle many of the major aspects of a closing. Major aspects of a closing include supervising the title search and title commitment, recording deeds, mortgages, and other...
Estate planning is not limited to people with a large amount of assets. It is not in any way, shape, or form exclusive to wealthy individuals or wealthy families. Estate planning is a means of creating a strategy to distribute your assets after your death to ensure...
Funding a trust simply means taking assets that are titled in your name, and transferring them to your trust. By way of an example, if you have a car, you have a title. The car is titled in your name. If you were to put that car into a trust, you would go to the DMV...
A Trust has three major components. The first is the detailed instruction about the administration of the Trust itself. This answers questions such as, what do you want to happen? Who do you want the beneficiaries to be? How do you want it to be serviced? These...
A Trust is a fiduciary relationship between parties, and it allows a Trustee to hold assets on behalf of a beneficiary of those assets. Specifically, a Trust can be created to direct how your assets are utilized and how they pass to the beneficiary. Normally, Trusts...
Yes, we believe it’s always advisable to seek legal assistance when funding a trust, especially when you’re dealing with the nuances of what type of trust you want, what type of assets you want placed in the trust, determining the list of assets, understanding the...
Absolutely, you can add assets to a trust at any time. This can be done by titling the asset from your name into the trust name. The only consideration is to make sure that you’re not titling assets in a trust name that are better left to just changing a beneficiary...
There are several important advantages that come from avoiding the probate process. First, time. If you are the owner of a small business that you intend to pass along to a family member, this can be especially important. Probate puts everything in a state of limbo,...
Depending on the size of your business, you may not need an attorney as in-house counsel or on your staff and payroll. However, it is always a good idea to have a strong relationship with an attorney so you feel comfortable picking up the phone to ask questions....
Have you been in business for a while (or just starting out) and wonder if you’re on the right track with your business structure? Are you wondering what types of business entities are available to help save you money on taxes or shield you from liabilities?...
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