The Importance of Estate Planning as a Parent
Parents, have you put an estate plan in place? Estate planning is important for everyone, but there is an added layer of importance when it comes to parents. To really explain why it is so important for parents to put an estate plan in place, let’s take a look at what parents can accomplish...
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What Happens When a Personal Representative Doesn’t Do Their Job?
The personal representative of an estate serves an important role as they are tasked with managing the administration of a decedent’s estate. This involves gathering and managing the assets of the estate, notifying creditors, paying valid debts of the estate, and more, all while upholding their fiduciary duties. Not everyone is up to...
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How Much Does the Executor of an Estate Get Paid in South Carolina?
In South Carolina, an executor is the person appointed in a Last Will and Testament that will be responsible for managing the estate throughout the probate proceedings. The personal representative of an estate is the same role as the executor, but is appointed by the court instead of the Last Will and Testament....
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Does All Property of the Deceased Pass Through Probate?
The probate process can be complicated. It can seem like a tangled web of red tape and legal requirements. Unfortunately, those navigating the probate process are often those who have just lost a loved one. Fortunately, however, not all property goes through probate. In fact, when a decedent has put certain planning measures...
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No Valid Will? What Happens Next?
If you die without a valid will in place in North Carolina, your assets will not pass according to your wishes but instead will pass according to the terms of the State’s laws of intestate succession. When a person dies without a will, it is said that they died “intestate.” Every state has...
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Spendthrift Trusts and Protecting Your Legacy
After we die, we hope that our legacy lives on. This can mean a lot of different things, but many like to leave something to help support their loved ones after they are gone. The thought of leaving a lump sum inheritance to your children or other loved ones, however, can be uncomfortable. After...
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How Will Your Heirs Divide Up Your Tangible Personal Property?
If you have begun your estate planning journey, you have probably thought about or addressed the distribution of your biggest assets. It is likely that you have planned for those things that have either great financial worth, great significant worth, or both. What about everything else? Think of the things we accumulate over...
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Tips for Organizing Your Estate
There is no doubt about it, estate planning has a lot of moving parts. As you work your way through the many facets of estate planning, be sure to keep reminding yourself who you are doing this for. Yes, estate planning will provide you with many vital protections. It will also provide your...
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Creditor Claims During Estate Administration in South Carolina
Personal representatives are tasked with many important responsibilities when it comes to estate administration in South Carolina. Among these responsibilities is properly addressing creditor claims. Proper notice must be provided to potential creditors of the estate and proper payment of valid creditor claims must be made. This is a key part in the estate...
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Most Americans Do Not Have an Estate Plan in Place
Over the past few pandemic years, Americans have had to confront some uncomfortable ideas about what they knew or thought they knew about their health and safety. Unfortunately, sudden illness does strike. The unforeseen, as well as the foreseen, does happen. Despite the tough realities we have all grappled with in recent years, a...
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