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Charleston Estate Planning & Asset Protection Blog

Wednesday, September 12, 2018

What are the Downsides to a Community Property Trust?

A Community Property Trust is not as common as other revocable trust agreements used in estate planning. However, this type of trust agreement can provide benefits for spouses that other trusts do not provide. Our South Carolina community property trust lawyers assist clients in exploring the benefits and downsides of a Community Property Trust.

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Friday, September 7, 2018

Is it Better to Have a Will or a Trust?

A comprehensive estate plan can include both a will and a trust. Everyone needs a will as part of their estate plan. However, whether or not you want to utilize a trust depends on several factors, including your estate planning goals and your financial situation. Our

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Wednesday, August 15, 2018

Top Ten Estate Planning Errors and How to Avoid Them

You need a comprehensive estate plan to ensure your wishes are carried out after your death. However, an estate plan can accomplish much more than simply telling your heirs who should inherit your golf clubs or computer equipment. An estate plan protects your assets from creditors, provides for the needs of your family members, and provides for your care if you become incapacitated.

One of the biggest mistakes you can make is failing to understand what an estate plan can do for you and your loved ones. If you have questions about estate planning, call our South Carolina asset-protection lawyers.

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Friday, August 3, 2018

Does Your Estate Plan Address Suicide?

Sadly, suicide impacts all walks of life. No family is immune from the risk of suicide. With the news of several well-known and successful people, including Chef Anthony Bourdain and designer Kate Spade, tragically ending their lives through suicide, the topic is relevant to discuss with our clients as they consider their estate plan. It is not an easy topic; however, it is a topic our..

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Monday, July 30, 2018

8 Common Asset Protection Myths That May Be Hurting Your Family

Too often, we see families come to us after a loved one has passed, asking us what they can do to protect the assets left behind without a will or trust telling them who gets what. Failing to have an estate plan in place can leave your loved ones feeling lost and confused – often thinking that the government is going to take everything away from them. This is a common estate planning myth that gets passed around, among many.

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Monday, July 9, 2018

Irrevocable vs. Revocable Trusts - Which Type is Right for Me?

There are several different types of trusts you can choose to use as part of your estate plan and retirement plan. The benefits of a trust are numerous, including protecting assets, avoiding property, providing for incapacity, and protecting property from creditors. Before you choose the type of trust to use as part of your plan, you should consult with a...

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Wednesday, June 13, 2018

What is a Beneficiary Defective Inheritor's Trust?

One of the purposes of estate planning and retirement planning is asset protection. Regardless of what you intend to do with your assets after your death, you want to protect those assets that you have worked very hard to accumulate. Our South Carolina asset protection lawyers have extensive experience assisting clients in developing a plan that accomplishes their goals for retirement, inheritance, or incompetency while providing the best protection of assets possible under the law.

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Thursday, June 7, 2018

What Does it Mean to Administer a Trust?

Trusts are an effective tool used by many people as part of their estate plan and retirement plan. With a trust, you can protect assets from your creditors, avoid probate, protect assets from the beneficiary’s creditors, and eliminate or reduce estate and gift taxes. However, a key element in any trust agreement is the appointment of a trusted person to act as the trustee. The trustee administers the trust.

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Tuesday, May 22, 2018

Five Estate Planning Tips for Millennials

Estate planning is one of the most overlooked aspects of personal finance, especially for Millennials. Millennials may believe they are too young to worry about an estate plan or they do not have enough wealth to justify spending the time and money to develop an estate plan. Unfortunately, families who suffer the tragic loss of a family member must also bear the financial and emotional burden of dealing with his or her finances if an estate plan was not executed before death. Regardless of your age, you should consult with a

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Friday, May 18, 2018

Five Things You Didn't Know About Family LLCs

Determining the best way to protect your family’s assets so that they can be passed down to the next generation can be difficult. It can also be difficult to decide how to form a family business that will allow the business to grow and flourish while protecting the interests of family members in the business. A South Carolina Family LLC may meet all your goals for

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Tuesday, April 24, 2018

What is an IRA Trust?

Individual Retirement Accounts (IRA) are used by many people as part of retirement planning. An IRA allows a person to benefit from tax-deferred retirement savings even when they are not covered under an employer-sponsored retirement plan such as a 401k program. IRAs are also used to transfer retirement plan assets (IRA rollover) if an employee is terminated or leaves the company.

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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.

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