Key Considerations for Drafting a Revocable Trust

Key Considerations for Drafting a Revocable Trust

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.

A revocable trust card isolated on blue background

Critical Elements to Include in a Comprehensive Estate Plan

Critical Elements to Include in a Comprehensive Estate Plan

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.

Estate Plan document with glass and pen on table

What Assets Can and Cannot Be Placed in a Revocable Trust?

What Assets Can and Cannot Be Placed in a Revocable Trust?

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.

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How Can You Ensure Your Will Is Legally Binding?

How Can You Ensure Your Will Is Legally Binding?

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.

Living will documents with gavel on table

When and Why Business Owners Should Consider a Buy-Sell Agreement

When and Why Business Owners Should Consider a Buy-Sell Agreement

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.

Legal document Buy-Sell Agreement on paper with pen

What Are the Legal Responsibilities of an Executor in Probate?

What Are the Legal Responsibilities of an Executor in Probate?

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.

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Common Mistakes to Avoid When Setting Up a Revocable Trust

Common Mistakes to Avoid When Setting Up a Revocable Trust

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.

Gavel and revocable living trusts in block letters concept

How To Use A Power Of Attorney To Manage Financial And Medical Decisions

How To Use A Power Of Attorney To Manage Financial And Medical Decisions

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.

Still Life Of Power Of Attorney Document On Desk

What Business Owners Should Include in Their Estate Plan to Ensure a Smooth Succession

What Business Owners Should Include in Their Estate Plan to Ensure a Smooth Succession

Planning for the future of your business is just as important as running it in the present. For many South Carolina business owners, their company is their most valuable asset and often the product of years of dedication. But if something unexpected happens, a lack of estate planning can create legal headaches, internal conflict, and even lead to the collapse of the business.

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Understanding the Probate Process: What Executors and Beneficiaries Need to Know

Understanding the Probate Process: What Executors and Beneficiaries Need to Know

When someone passes away in South Carolina, their assets, debts, and estate often go through a legal process called probate court. This process can seem overwhelming, especially for family members already dealing with grief. It helps to have a clear understanding of what probate involves and what your role might be.

Gavel by Probate document