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Wiles Law Blog

12 Things Your Real Estate Attorney Wished you Knew

12 Things Your Real Estate Attorney Wished you Knew

June 2, 2021 by Lexi Klinkenberg Buying or selling a home can be a long and sometimes difficult process, especially if you have never done it before. From working with an agent to hiring a real estate attorney it’s important you don’t miss any key steps throughout the process. Whether you live...

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Intestacy: Dying Without a Will

Intestacy: Dying Without a Will

Despite the COVID-19 pandemic and lowered life expectancy rates, two out of three adults still don’t have a will or any type of estate plan. Did you know that if you pass away without a will in South Carolina, the state will decide who is legally entitled to inherit your estate? And if you have no...

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Estate Planning When You Live in Multiple Places

Estate Planning When You Live in Multiple Places

According to a recent study by United Van Lines, millions of Americans packed up and moved in 2020, with South Carolina seeing the second highest percentage of inbound migration in the country at 64%. The Palmetto state came in second only to Idaho, with 70% inbound migration, even with a pandemic...

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Biden Tax Changes

Biden Tax Changes

A new year and a new President could mean potential shifts in estate taxes and tax exemptions. President Biden’s proposed plan could modify tax codes to almost anyone who has something of value to leave to heirs. What does the new Biden tax plan mean for you and your heirs? These proposals could:...

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Pandemic Planning

Pandemic Planning

Over the past year, some Americans have been using their quarantine time to master baking, learn new trades, or binge-watching popular shows like, The Crown. But a large part of the population is barely staying afloat amongst caring for aging parents, online schooling, and surviving day-to day. In...

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Estate Planning After Divorce & Remarriage

Estate Planning After Divorce & Remarriage

A recent study by TD Wealth found that a trend known as “gray divorce,” the increasing rate of those over 50 years old divorcing, is impacting estate planning, coupled with prolonged life expectancy and rising healthcare costs. "In addition to prolonged life expectancy and rising healthcare costs,...

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2021 Estate Resolutions List

2021 Estate Resolutions List

“Teach us to number our days, that we may gain a heart of wisdom.” -Psalm 90:12 2020 was a year unlike any other. Our collective consciousness changed. Our needs changed and our awareness changed. We began to understand the finite timeline of life and the importance of protecting one another. As...

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Funeral Planning

Funeral Planning

Advanced funeral planning may seem premature or morbid, but it can also be a cathartic experience and a gift to your heirs and family members. You may not realize all of the anguish that can happen after death, as loved ones worry about honoring someone’s wishes correctly. Wouldn’t it be a...

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End of 2020 Checklist

End of 2020 Checklist

Since things have been in a constant state of flux this year, we haven’t always had the time to take inventory of the changes and how they impacted us. Especially how they may have impacted our estate plan. As we look forward to 2021, there is still an opportunity at the end of 2020 to make sure...

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Thanksgiving Conversation Starters

Thanksgiving Conversation Starters

The holidays will not look the same this year for many families. While we are all hoping to gather together, our plans may have to change or look very different. But as plans change, so should our conversations about life’s unexpected turns. Family gatherings, whether in person or virtual, are a...

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Holiday Gift Giving Guide

Holiday Gift Giving Guide

Holiday gift giving can feel rewarding and fulfilling by showing your appreciation to loved ones and friends. Unfortunately, in person shopping has become difficult this year due to store restrictions and CDC social distancing guidelines. But one of the best ways to safely gift this year is...

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Single or Unmarried Estate Planning

Single or Unmarried Estate Planning

If you are single, or unmarried with no kids, you may not have thought much about estate planning. You might have assumed estate planning is only for married couples who need contingency plans for minor children. Just because you have no dependents, doesn’t mean your life or your partner’s life...

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Estate Planning for Millennials

Estate Planning for Millennials

As a Millennial, you might feel like you are too young for estate planning. But the fact is, once you turn 18, you need to have certain documents in order to protect you. Estate planning is not just for your parents or people who have a lot money and real estate. Estate planning is for every age...

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Teach Your Children Well

Teach Your Children Well

Currently, Baby Boomers are the wealthiest generation of all time, and they are set to leave their wealth to their children, generally of the X and Y (Millennial) generation. With mounting college loans, and the rising cost of living, Millennials are poised to inherit the vast majority of their...

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Trusts for Beginners

Trusts for Beginners

A Trust is one of the safest methods of estate transfer to your designated beneficiaries. It allows another party (the Trustee) to act on your behalf as the authority to your assets. Most people choose to set up a Trust to avoid Probate, and help ease burdens to heirs and/or to plan for...

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What is Probate & How We Can Help

What is Probate & How We Can Help

Probate is the legal process by which an estate is settled. Literally speaking, Probate means to “prove” a Will is valid after someone passes away. That means making sure the inheritance goes to the right heirs and that all of the deceased’s wishes are carried out. Not all Wills are legally sound,...

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Legacy Planning

Legacy Planning

You’ve worked hard to build what you have. So, it’s only natural that you want to establish and nurture a legacy that will last for years or even decades after you are gone. You are also more than just your name or your estate. You are a caring and giving person, who also has a legacy to be shared...

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Why DIY Wills & Trusts Don’t Work

Why DIY Wills & Trusts Don’t Work

DIY Wills and Trusts seem practical and easier, but wind up being quite costly and dangerous. The sense of control you may get from creating your own Will can also be found creating one safely with an estate planning lawyer. And it may even cost you less money. The appreciation and satisfaction of...

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Grab Your Hurricane “Go Kit”

Grab Your Hurricane “Go Kit”

With Hurricane season officially underway and at least nine named storms already, 2020 is shaping up to be very active. According to Colorado State University researchers Philip Klotzbach, Michael M. Bell, and Jhordanne Jones, "Coastal residents are reminded that it only takes one hurricane making...

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Estate Planning 101

Estate Planning 101

Have you ever wondered just what Estate Planning really is? The term “estate” can be deceiving. It doesn’t necessarily mean a large sprawling homestead. In fact, in the eyes of the law, an “estate” is simply all the property you own, both outright and jointly—including bank accounts, real estate,...

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