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Category: Estate Planning

What Is A No-Contest Clause and Why Have One in Your Will?

A no-contest clause, also known as an in terrorem clause, is a clause in a will or revocable trust that is intended to prevent parties from contesting the will or...

The Ongoing Battle over the James Brown Estate

The Godfather of Soul James Brown was born in Barnwell, South Carolina in 1933 and went on to become one of the greatest figures in music of the 20th century...

9 Reasons You Need a Will

We all know we “should” have a will. But why, exactly? Here are 9 good reasons to have a will. 1 To Maintain Good Family Relations After You Die The...

Unintended Consequences: What Happens When You Don’t Do Things Right

Following procedure is important when it comes to the law. This may go without saying, yet you’d be surprised at what sometimes happens, and what the consequences of failing to...

The #1 Mistake People Make With Trusts

Trusts are wonderful tools for financial planning and estate planning. There are many, many kinds of trusts, each with its own purpose, pros, and cons. Trusts may be used to,...

Should Your Estate Go Through Probate? Why or Why Not?

Last time we cleared up confusion around probate in South Carolina and looked at what probate is and isn’t. If there’s one thing people do know about probate, it’s that...

Clearing Up Confusion About Probate in South Carolina

For some people, “probate” is a dirty word. Much of this attitude comes from not understanding the process, so let’s clear up the confusion. What Probate Is and What Probate...

The Statute of Elizabeth: What You Need to Know About Transferring Assets

What if you owed someone a lot of money, but you didn’t want to pay them back? You might try to put your assets somewhere they couldn’t be touched; for...

Transmutation: When Non-Marital Property Becomes Marital Property

Consider this: Sandra and James have been married for 25 years. Once they were married, she gave up her job to become a stay-at-home mom. When the kids were old...

Avoid the Pitfalls of Estate Planning in “Brady Bunch Marriages”

“Brady Bunch marriages” – in which spouses bring their kids from prior relationships into the new marriage – pose a number of potential problems when it comes to estate planning....
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