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Charleston Estate Planning & Asset Protection Blog

Thursday, February 15, 2018

Top 5 Characteristics of a Great Trustee or Executor

Congratulations! You are setting up your will or trust to make sure your loved ones get the assets you want to give them one day when you pass on. You put a lot of thought into who will receive which items, but you still have a critical decision ahead. No matter how well thought-out your estate plan is, if you make a poor choice of the person who will administer your estate, your lovely intentions could all be for nothing. To help you in making your selection, talk with an experienced


Read more . . .


Tuesday, February 6, 2018

Is a Gift Trust Right for Me?


When people want to give assets in the future to someone who is a minor child now, they usually look at these two primary options:

Both options have advantages and disadvantages.
Read more . . .


Wednesday, December 13, 2017

What is the Difference Between a Revocable and an Irrevocable Trust?


When planning for your legacy, a popular option for tax and practical reasons involves creating a trust. A trust can be either revocable or irrevocable. While a revocable trust may seem like the best idea, to maximize flexibility for the person and his or her future options, the reality is that creating a revocable trust does not often solve the problems that trusts are meant to solve. A South Carolina Read more . . .


Friday, December 8, 2017

Do I Need a Stand Alone Retirement Trust?


A Stand Alone Retirement Trust can be a smart legal estate planning tool for many people and because of the strict legal requirements to create one. As Individual Retirement Accounts have exploded in popularity, especially in recent years, many people are concerned about the best way to handle the money that is remaining in their accounts after they have passed. 


For many, a Stand Alone Retirement Trust can be the best estate-planning tool for this type of situation. By allowing more control over their money and assets as well as favorable tax treatment, these new trusts have become very popular.  This is not a DIY estate-planning tool though, so you should enlist the help of an experienced Stand Alone Retirement Trusts lawyer to assist you in crafting one.


Read more . . .


Sunday, November 26, 2017

What is Probate?


Probate is the legal term for the process or proceedings that occur after a person passes away. During probate, a person’s assets and debts will be determined and distributed. The exact manner in which a person’s assets are distributed (and to whom) depends on the state and the amount of preparation the person has made beforehand. 

If done correctly, probate can be a quick and straightforward process. If done incorrectly, then probate can be a nightmare for a person’s heirs and beneficiaries during an already-difficult time of grieving.
Read more . . .


Saturday, November 25, 2017

How Do I Avoid Probate In South Carolina?


By all accounts, probate proceedings are difficult affairs. The proceeding, which divides up a deceased person’s assets to its inheritors, is usually an expensive and lengthy process. There are, however, several ways to avoid a probate proceeding. 

Craft a Living Trust

A living trust is the easiest way to avoid probate. While virtually any asset in South Carolina can be put into a living trust, the legal mechanics can be tricky.
Read more . . .


Thursday, July 27, 2017

August 2017 Seminar - Is Your Living Trust a Ticking Time Bomb?

  • Have you retitled your assets into your living trust? If not, probate could be imminent.

    We will discuss how to ensure you avoid life and death probate with a fully funded living trust.

  • Is your current trustee the right person, and are they informed?

    We will cover how to ensure your trustee knows what to do if something happens to you.

  • Are your assets protected from creditors in the event of a lawsuit, car wreck, or personal injury claim?

     We will discuss creditor protection and provide you with a free attorney booklet on asset 

      protection in SC.

August 10th and 11th

10:00 AM

852 Lowcountry Blvd, suite 101

Mt. Pleasant, SC 29464

 

Call now to reserve your seat, or a one on one review consultation.

We look forward to meeting with you in the near future to review your plan.

Tripp Wiles

Attorney & Counselor at Law


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Friday, May 9, 2014

The Importance of Having an Estate Plan

Recent studies report that approximately 70% of Americans have no estate planning in place. Since this number includes people in their teens and early twenties let's take a closer look at the numbers.

According to Forbes, 51% of Americans between the ages of 55 and 64 have no estate plan. For people between the age of 45 and 54 this number jumps to 62%. This means that these people are counting on the default laws of their state to serve as their "estate plan".


Read more . . .




Wiles Law Firm, LLC helps clients with their estate planning needs in Charleston, South Carolina and the surrounding areas such as West Ashley, Summerville, North Charleston, Mount Pleasant, and John's Island.

Information on this website is not legal advice. Further, viewing of the enclosed information does not create an attorney-client relationship with Wiles Law Firm, LLC. Matters will be handled by attorneys who primarily practice out of our office in Charleston County located at 852 Lowcountry Blvd., Ste. 101, Mt. Pleasant, SC 29464. M. Emerson Wiles, III is the attorney responsible for this advertisement.

Any result Wiles Law Firm, LLC may achieve on behalf of one client in one particular matter does not necessarily indicate similar results can be obtained for other clients. Please contact a South Carolina estate planning attorney or one of our attorneys with Wiles Law Firm, LLC for a consultation regarding your unique estate plan.



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184 East Bay Street, Suite 103, Charleston, SC 29401
| Phone: 843-718-0232
852 Lowcountry Blvd., Suite 101, Mount Pleasant, SC 29464
| Phone: 843-718-0232

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