Category Archives: Estate Planning
In South Carolina the following may require conservatorships: minors who received settlement funds, insurance funds, or other inheritances; developmentally disabled persons; and adult persons who did not set up an estate plan, and due to age, injury or circumstances have lost mental capacity to make financial decisions concerning their care. Since so...read more
Sometimes disputes arise over the provisions of a Will. Resolving these disputes can be very complex. It is very important for a person who believes there is an issue with a Will to retain appropriate legal guidance to ensure that their rights are protected. Reasons for Contesting a Will There are many reasons why a Will could be contested. The most frequent reasons include: incompetence/incapacity undue influ...read more
- March 31st, 2017
- Estate Planning
Exempt property provides a surviving spouse (or if there is no surviving spouse, surviving minor children), a way to protect a certain amount of probate property from estate creditors. Exempt property is defined by S.C. Code Section 62-2-401 as household furniture, automobiles, furnishings, appliances, and personal effects. The amount of exempt property that may be protected under the statute is currently $25,000.00. If...read more
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