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Facing the Facts About Sibling Rivalries

sibling-rivalry-when-estate-planning-in-Greenvile_SC-estate-planning-attorney

It is ideal to believe that the vast majority of sibling rivalry situations end after adolescence.  However, in many situations, the rivalries do not end or they reappear after the passing of a parent.  It is in situations where heirs have strong disagreements about the inheritances that cause the most trouble for a decedent’s estate.  […]

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Estate Planning For the Benefit of Minor Children

Family near new house.

For those with children who have not yet reached 18, the importance of providing all of your child’s needs in the event that you pass before the child reaches the age of adulthood is paramount.  Unlike adult children, minor children have more needs and will be more dependent on the estate, therefore it is important […]

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Probate: 101

Last Will and Testament document

After death, an individual may leave behind personal property, money, or other more complex assets.  These assets make up the deceased person’s estate.  After that person dies, his/her estate may pass through probate if he or she did not plan the estate accordingly with a skillful estate planning attorney.  Probate refers to a required legal […]

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Study: 70% of intergenerational wealth transfers fail!

70-percent-fail

A Forbes article from a few years back claims that “70% of intergenerational wealth transfers fail,” discussing a new Williams Group study examining the long-term effects of wealth transfers in 3,250 families. (See http://www.forbes.com/sites/carolynrosenblatt/2011/12/09/wealth-transfers-how-to-reverse-the-70-failure-rate/) According to the study, “failure” means situations where heirs dissipated wealth, often with the family assets becoming a source of friction […]

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Estate Planning is For Everyone!

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According to various studies, it is commonly thought that 55% of Americans do not have even a will.  Indeed many of those individuals and families likely have failed to plan due to a common misconception that we encounter in our offices, to-wit: estate planning is only for the rich. That myth couldn’t be further from […]

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Four common estate planning mistakes

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Here are four estate planning mistakes that we frequently encounter. If your plan is in place and current, this will serve as validation that you are on the right track. Feel free to share this information with friends and family members, especially those who may not have a plan in place. 1. Not having a […]

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