Estate Planning Simplified
We know estate planning can feel complicated and confusing, so we’ve simplfied the process. If you are one of the many wondering just what estate planning is, you’re not alone. Estate planning is a process in which someone specifies how their money, property and medical care should be managed during life and/or after their death. It simply involves drawing up and finalizing one or more documents that gives a legal voice to someone’s wishes.
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, stocks and bonds, vehicles, jewelry, retirement accounts and even pets. So, if you have a pet, you have an estate. If you have belongings, you have an estate. But the most important questions still remain: Do you have a plan to protect your estate? And do you have a plan to protect your healthcare or medical treatment?
Benefits of Estate Planning
Estate planning can bring you peace of mind on key issues such as protecting your children’s welfare, your assets and privacy. A properly executed estate plan can also help you save on taxes and avoid probate. A key advantage of estate planning is minimizing any impact to your loved ones by having your wishes legally documented before your death or incapacity. The most common estate planning mistake is not putting a will or trust in place. Remember: without an estate plan, the South Carolina courts may designate an individual to make decisions about your assets that do not reflect your wishes. We’ll help you prepare for the expected and the unexpected through our comprehensive checklist of estate and financial planning.
When you work with Wiles, you will have comfort knowing that your legacy will be preserved and your loved ones will be protected. Additionally, planning for incapacity through the use of powers of attorney and advance medical or healthcare directives will relieve your loved ones of the burden of asking the court for the authority to assume these responsibilities. Moreover, if you wish to avoid probate and minimize estate taxes, we can help you establish a variety of trusts. We also routinely design business succession plans for individuals and families with closely held businesses and professional practices.
Some of our plans include:
Last Will & Testament, Living Wills
Irrevocable Trusts, Revocable (Living) Trusts
Power of Attorney, Healthcare Power of Attorney
High Net Worth Estate Planning
Advanced Estate Planning
Estate Planning for Farmers