Some signs to indicate you should consider a Trust
- September 25th, 2024
- David Greene
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You should consider creating a Trust in the following situations: You are married and have children; You desire to pass certain assets to grandchildren, but not immediately after your death; You are contemplating divorce; You want to avoid probate; You…
Six reasons to have a trust instead of a will
- September 13th, 2024
- David Greene
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There are many reasons why one should consider having a Family Trust. Six of these are: The Trustor will avoid probate with a properly funded trust. The Court does not notify creditors since the decedent’s case does not go to…
Is there a need for Estate Planning if inheritance taxes are not a consideration?
- February 1st, 2024
- David Greene
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No one knows at this time what will happen to the Estate and Generation Skipping tax, whether the tax bracket may be lowered or whether the tax may be repealed in its entirety. The threshold for being liable for the…
New Year Resolutions
- January 29th, 2024
- David Greene
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Well, Christmas is over and we have rung in the New Year. During this past week many people made New Year resolutions. Did you make any? Most of these deal with either working on a healthier and better body or…
What inheritance rights do unmarried couples have?
- September 21st, 2023
- David Greene
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Unmarried couples do not have any rights to the assets of their deceased partner and have no rights to intestate inheritance.There is no more Common Law Marriaage in South Carolina. It was abolished in July 2019. Common Law marriages established…
Pitfalls to avoid in Estate Planning
- July 13th, 2023
- David Greene
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Everyone should review her Estate Plan every two or three years. The beginning of the new year is a good tinme to do that. Here are some pitfalls to avoid. (1) Check your beneficiaries on your trust, will and financial…
What type of documents should I be considering for my Estate Plan?
- February 28th, 2023
- David Greene
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When people typically think of estate planning, the first thing that comes to mind is how they can control their assets after death. When considering this, most individuals come in to see us wanting to create some type of will…
Will a Revocable Living Trust protect my assets from creditors?
- March 18th, 2022
- David Greene
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Many people are confused and sometimes misled about the differences in a revocable living trust and an irrevocable trust. Many advantages are common to both, such as: (1) both will avoid probate if handled properly, (2) both will allow the…
What is a Grantor Trust?
- November 9th, 2021
- David Greene
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To be a grantor trust, the trust must meet specific rules set out in the Internal Revenue Code. There are several but the one that is used most frequently is that the grantor retains the right to remove assets from…
How can one avoid a will contest?
- November 2nd, 2021
- David Greene
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It is very hard to be successful in a will or trust contest. However, many disappointed heirs file such contests every year. Here are some planning tips to hopefully avoid that headache and heartache for your heirs. (1) If you…