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Gift Trusts

Monday, April 8, 2019

Consider a Gift Trust to Save in Taxes and Provide for Your Loved Ones


What are the benefits of a gift trust as opposed to traditional gifting?

You work hard to provide for your family and likely will pay a hefty amount in taxes over your lifetime. To allow families to provide for their loved ones without the tax penalty, the Internal Revenue Code offers a gift tax exclusion. Per the exclusion, each person is permitted to give an unlimited number of people $15,000 per year, or $30,000 for a married couple, without paying taxes. While gifting annually is a wonderful part of many estate plans, a less utilized option involves Read more . . .


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 . . .


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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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| Phone: 843-718-0232

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