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Trust Administration

Sunday, January 27, 2019

How to Wind Down a Business When a Loved One Dies


If your loved one had a business succession plan, the plan should dictate how to transfer ownership of the business or close the business. However, if your family member died without a business succession plan, the business structure will govern how you need to wind down the business. Our South Carolina probate and trust administration lawyers discuss some of the common business structures and what is involved in finalizing a person’s interest in the business when that person dies.
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Monday, December 31, 2018

Mental Illness and Estate Planning - Know Your Options


When you are developing your estate plan, mental illness could be a difficult issue to address with your South Carolina special needs trusts lawyer. However, several estate planning options can help you prepare for the possibility that you may develop a mental illness, or you need to protect an adult child with a mental illness. In most cases, you can accomplish the traditional estate planning goals of avoiding estate taxes and probate, but you are also able to customize your estate plan to address unique situations related to mental illness.
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Friday, October 12, 2018

3 Tips for Choosing a Personal Representative for Trust Administration

When you are setting up your living trust or other trust documents, selection of the personal representative to administer the trust is one of your most critical decisions. Since most people do not have a great deal of experience in handling probate matters, it can be helpful to know the factors you should consider when evaluating this topic. Seeking the advice of an experienced trust administration lawyer can be critical. In the meantime, here are 3 tips for choosing a personal representative for trust administration.

Overview of What a Trustee Does

You need to understand what a trustee (a person or personal representative who administers a trust) does if you are to make an informed decision about who will serve in that role for you. You are asking the person to handle your money and other assets when you are not available to do so. Some people can handle that kind of responsibility without dipping their own hands into the pot, but others will be unethical or incompetent.


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Saturday, October 6, 2018

22 Things You Should Do Following the Death of a Loved One

When a loved one dies, whether expected or not, your life can become overturned. Suddenly you’re faced with questions about “What happens next?” from family and strangers alike. Often, the internal dialogue becomes simply – “What do I do now?” on a continuous loop. Our wills and trusts lawyers see this phenomenon every day. While we can’t take the pain away, we can offer some tips that can help you move through the “What happens next?”


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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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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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