Owning a business gives you an exciting amount of control over your life and future. In addition to being your own boss, owning a company gives you the chance to pass your success on to the next generation. While many people don't put much thought into it until it's...
Probate And Estate Planning
Avoiding 3 critical succession planning mistakes
No matter the size or maturity of an organization, business owners must be aware of the importance of developing a strong succession plan. The succession plan helps owners identify skill gaps, hiring needs or the training that is necessary to ensure the continued...
Annual estate plan reevaluation is a good practice
Everyone in South Carolina should have an estate plan of some type regardless of their level of wealth. A comprehensive estate plan will cover all family dynamics as well as the allocation of assets and inheritance in the event that the primary asset holder passes...
Elder law: an important estate planning focus
The estate planning sphere encompasses concepts and tools that are not always crystal clear to the general public. And that is understandable, given the sheer reach and specific applicability of a planning strategy in any given case. Candidly, getting started on the...
How can I disinherit a beneficiary?
When you created your estate plan, you might not have thought about how your relationships would change over time. Yet, you may now find yourself on the outs with a beneficiary. No matter the reason for your rift or estrangement, you may want to disinherit them....
What Does a Probate Lawyer Do?
What does a probate lawyer do?If your loved one has passed and you are now the executor of their estate, you may be feeling overwhelmed and you may have lots of questions. Do you need to file documents with the probate court? Is it even necessary to go through...
What is a Simple Will?
Everyone knows that a "will" is the document that says who gets your property after your death - but what is a "simple will?""Simple will" is not a legal term - it's just a way of saying that you do not have a complex estate, there are no tax issues that you need to...
How to choose who will take over the family business
Many people start family businesses both so that they can be their own boss and so that they can pass down a legacy for their family. The business may take hours of work, but it can be worth it if it can help your family in the long run. As you start to think about...
Brown v. Sojourner: SC Supreme Court Denies Elective Share to James Brown’s Surviving Spouse
In Brown v. Sojourner, decided June 17, 2020, the SC Supreme Court reversed a lower court's finding that Tommie Rae Brown was James Brown's surviving spouse and therefore entitled to an elective share of his estate. Although Tommie Rae and James Brown were married in...
Beware the pitfalls of do-it-yourself estate planning
In these times of uncertainty, many people are scrambling to get their affairs in order. The ease and convenience of online estate planning documents are tempting. However, your estate plan should be as unique as your family. A one-size-fits-all document is unlikely...
