Many South Carolina residents decide to invest in a college savings plan in order to help fund their child’s future college expenses. The state of South Carolina offers different plans to make the savings process easier on you. If you’re thinking about taking advantage of a college savings plan, take a look at the information below to learn more. If you have any questions about choosing the best college savings plan for your individual needs, meet with an estate planning attorney. This blog … [Read more...] about South Carolina College Savings Plan Options (part 1 of 2)
No Estate Plan? What if You Were to Die Tomorrow?
Without an estate plan, you may be unprepared! What if you were to die tomorrow? That question probably got your attention. While it can be upsetting to think about difficult questions regarding death, disability, and illness, these questions can help you to realize your estate plan’s importance. Ask yourself the following questions! If you’re ready to take the leap by creating your estate plan, meet with an attorney as soon as possible. Do you have specific wishes for the future? What … [Read more...] about No Estate Plan? What if You Were to Die Tomorrow?
Estate Planning Tips for Parents with Young Children (Part 2 of 2)
Parents with young children need to take extra care to make sure that they have an effective estate plan in place. This will ensure that their children are always protected. Our previous blog entry discussed some important planning tips for parents. We’ve taken the time to compile additional tips. If you have any questions about the below information, or if you’d like to begin your planning, meet with an estate planning attorney. Discuss your planning with your loved ones. It’s a good idea … [Read more...] about Estate Planning Tips for Parents with Young Children (Part 2 of 2)
Estate Planning Tips for Parents with Young Children (Part 1 of 2)
Many parents with young children don’t understand the full importance of estate planning. An estate plan not only protects you and your assets, but it can also serve as a way to protect your children. There are certain estate planning steps to follow in order to make your plan effective and allow you to make sure that your children are always cared for. Take a look at some of the tips below. If you have any questions, meet with an attorney. Cerate a will and designate a guardian. While … [Read more...] about Estate Planning Tips for Parents with Young Children (Part 1 of 2)
How to Choose Trusted Helpers for Your Estate Plan
While taking the time to create your estate plan, you will have to carefully decide on trusted helpers. These helpers have different responsibilities and each will help you either during your lifetime or after your death. If you’re having trouble deciding on trusted helpers for your estate plan, take a look at some of the tips below. If you have additional questions or if you want to create an estate plan, meet with an estate planning attorney. Choosing a trustee or executor When choosing a … [Read more...] about How to Choose Trusted Helpers for Your Estate Plan
How Can a Power of Attorney Help Me?
Have you ever consider using a power of attorney document in your estate plan? If you have ever wanted to protect yourself in the event of a disability or terminal illness, you should consider using this document. Whether you choose to create a financial power of attorney or a healthcare power of attorney, you may be doing yourself a great favor. Take a look at some of the information to learn more about the use of these documents. If you have any questions, or if you’d like to create a … [Read more...] about How Can a Power of Attorney Help Me?
15 Ways Estate Planning Avoids Family Feuds
Good estate planning can go a long way in avoiding family feuds. Love, money, family heirlooms, grief, anger, disability, and death, when combined, pose disaster for the best of families. Here are 15 ways that you can use estate planning to avoid family feuds. Work with a qualified estate planning attorney. Disclose family dynamics to your estate planning attorney. Put your wishes in writing. Let your family know that you’ve done estate planning. Ask those you’d like to name as trusted … [Read more...] about 15 Ways Estate Planning Avoids Family Feuds
Rock Star Celebrities Who Died Without a Will
A will is an important estate planning document. Just like average people, many celebrities forget this important planning tool. Not having a will could mean that your assets aren’t given to the right people, your children aren’t properly protected, and you don’t have a say in who will handle your estate matters. Take a look at some of the celebrity examples below, to learn more about the importance of proper planning. If you’re ready to create your will, meet with an estate planning … [Read more...] about Rock Star Celebrities Who Died Without a Will
Why You Shouldn’t Leave Your Assets to Your Spouse
The “I love you” will is NOT a good way to leave assets to your spouse. An “I love you” will is as simple will that provides all assets to go directly to the spouse. If the spouse is not then living, the assets go to the children. Why you shouldn’t leave your assets to your spouse: Outright assets often never reach children. Children are often unintentionally disinherited by their parent and intentionally disinherited by a step-parent. Instead, pass the assets to your surviving spouse in … [Read more...] about Why You Shouldn’t Leave Your Assets to Your Spouse
Elder Law Concern: High Cost Of Long Term Care
When you are planning for your retirement years while you are still working pleasant thoughts of free time, travel, and leisure invariably dance around in your head. Making sure you have the financial resources to take full advantage of this free time is a long-term goal that is a large part of what retirement planning is all about. But to prepare comprehensively and intelligently you have to understand all the possible expenses that you may be facing. There is a period of time that follows your … [Read more...] about Elder Law Concern: High Cost Of Long Term Care
