Life can be unpredictable. Illness, accidents, or unexpected situations can strike at any moment, leaving loved ones unprepared to handle financial or legal matters on your behalf. While most people focus on planning for their retirement or protecting their assets, they often overlook the importance of a general power of attorney.

Running a business in Charleston, Summerville, Mount Pleasant, or Hilton Head, South Carolina, comes with immense responsibilities. One of the most pressing concerns for business owners is protecting their personal and business assets from unforeseen financial risks, legal disputes, and liability claims.

Drafting a revocable trust requires careful thought, from selecting trustees to planning for tax implications. Taking the time to understand the key considerations can prevent misunderstandings and help you create a trust that truly reflects your wishes.

An estate plan isn’t just about distributing assets—it’s about making sure your wishes are honored, your family is cared for, and your affairs are handled efficiently if something happens to you.

Revocable trusts are powerful tools in estate planning. They allow you to manage your assets during your lifetime and provide a seamless way to transfer those assets after your death, all while avoiding probate. But not every asset should—or can—go into a revocable trust.

When it comes to preparing for the future, few documents are as essential as a will. A legally binding will outlines your final wishes and makes sure that your assets are distributed according to your intentions.

As business owners, we know that assuring the continued success of our companies requires preparation for various contingencies. One essential aspect of that preparation is establishing a buy-sell agreement.

At Porter Law Firm, located in Mount Pleasant, South Carolina, we understand the responsibilities and challenges that come with serving as the executor of an estate.

Creating a revocable trust is a popular choice for many South Carolina residents as part of their estate planning. It provides flexibility, control, and can help avoid probate. But like any estate planning tool, it requires careful thought and proper execution.

A power of attorney can give someone the authority to act on another person’s behalf in a wide range of situations. In South Carolina, this document often plays a key part in planning for unexpected events, medical care, and long-term financial matters.