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Asset Protection

Friday, February 15, 2019

Digital Asset Preservation

One of the basics goals of estate planning is protecting your assets. In the past, assets were categorized in two ways: real property, meaning land, and personal property, including furniture, vehicles, jewelry, and cash. Now that we have entered the age of technology, however, another category has been added to your cumulative worth: digital assets. Digital assets are defined as assets owned by an individual and stored on a digital device, in an online account, or in cyberspace. At Wiles Law Firm, LLC, an estate planning law firm in Charleston, South Carolina, our skilled attorneys are well-schooled in protecting these less tangible, but often equally valuable, assets.

Examples of Digital Assets

If you are like most people in this country, you use a computer at home and/or at your place of employment. As technology advances more and more rapidly, you accumulate more and more digital assets. These assets include:

  • Accounts on Google, Twitter, Facebook, Instagram, eBay and email
  • PayPal as a way of paying for goods and services
  • Online banking and investment accounts
  • Online trading and wealth management accounts
  • Websites you own
  • Photos, art, music, videos, text
  • Medical records and legal documents
  • Any data stored electronically, whether online, in the cloud, or on a physical device
  • Blogs you manage
  • Domain names and other intellectual property you own

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Friday, October 12, 2018

Protect Your Small Business with an Estate Plan

What will happen to my business if I die without a will in place?

Aretha Franklin is the latest high profile celebrity to pass away without a will in place.  Her $80 million estate will now be divided in accordance with the law in her state of residency.  Prince’s estate, valued at over $300 million at the time of his sudden death, is still in court as his family battles over the money.  These celebrity deaths are extreme examples of the hazards of not creating an estate plan. Small business owners need to be aware of what could happen if they die without a will so that they can take steps now to preserve their hard earned assets through an estate plan.  


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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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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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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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852 Lowcountry Blvd., Suite 101, Mount Pleasant, SC 29464
| Phone: 843-718-0232

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