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Estate planning can be a challenging task at any age or station in life. The process typically involves working with professional advisors who are familiar with your concerns and goals, particularly how you wish to distribute assets at or before death. Advisors may include your attorney, accountant/tax advisor, financial planner, life insurance advisor, banker and/or broker. Common goals of estate planning include:
• Controlling the disposition of your assets
• Protecting your assets against estate tax, income tax, probate fees and creditors
• Providing for your family and loved ones in the event of your incapacity or death
• Minimizing delay and costs associated with estate administration / probate
• Expressing your wishes with regard to medical care
• Designating individual(s) to make medical and/or financial decisions for you if you become
incapacitated
• Designating individual(s) to serve as personal representative(s) (formerly called, executor(s) to
handle your estate administration.
The attorneys of Davis Frawley, LLC in Lexington, South Carolina, assist clients with both simple and complex estate planning matters. In this practice area, we offer services and counsel related to the following:
• Wills
• Codicils
• Trusts
• Trust Amendments
• Life insurance trusts
• Irrevocable trusts
• Revocable living trusts
• Charitable trusts
• Pourover wills
• Disclaimer wills
• Shelter trust wills
• Lifetime Gifting / Intervivos Gifting
• Annual Gifting Plans
• Special needs planning
• Powers of Attorney
• Planning for incapacity
• Probate avoidance
• Minimization of estate tax
• Joint tenancy with right of survivorship
• Life estate deeds
• Asset protection.
Related: Estate Administration / Probate, Trusts / Trust Administration, Advanced Directives, Health Care Power of Attorney, Living Will, Durable Power of Attorney / Financial Power of Attorney, Guardianship and Conservatorship, Elder Law / Special Needs Planning
POSTED IN Residential Real Estate - Buy / Sell BY Lawyers.comsm Read More
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POSTED IN South Carolina BY Lawyers.comsm Read More
POSTED IN Wills & Probate BY Lawyers.comsm Read More
By Philip Rucker- The Washington Post Read More