With proper Estate Planning, when you become unwell or die, there will be control over the manner, the method, and the speed at which your assets are utilized and then distributed.

 

If you die without a proper Estate Plan, your beneficiaries could face significant delay and costs. Court costs, Attorney fees, and taxes can eat up large portions of your Estate meant for your loved ones. To avoid this, you need to have written instructions regarding who receives what and when. This can be in the form of a Will which will end up in the Probate Court of the County where you resided, or a Trust, which will allow your successor Trustee dispose of your assets according to your desires.

It Is Never Too Soon To Be Prepared With Estate Planning

Estate Planning is not only for the wealthy and retired. Everything you own will be determined by the Probate Court process. Holding property jointly is a way to avoid probate if the joint holders do not die simultaneously. However, assets like bank accounts, brokerage accounts, automobiles, and your home usually end up in Probate Court.

We know the excuses for not having a plan in place:

 

  • “I’m too busy to deal with it right now.”
  • “The process is just so confusing.”
  • “I don’t have enough to worry about.”
  • “I’m still young. There’s plenty of time.”
 
We encourage you to remember that when something happens, your family will be the one to make sense of it all and pick up the pieces unless you plan ahead.

And if you don’t have a plan in place, they might not even have that ability. The Probate Court will determine the distribution of your assets according to the laws of the State of South Carolina. Nobody wants this to happen. Let the professionals at the Law Office of Seth Levy help you with your Estate Planning so you and the important people in your life can avoid needless family strife and stress when something unexpected happens. Call 843.400.4510 or open a chat with us today.