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Unfortunately, families dealing with an inheritance often engage in fighting or suffer hurt feelings. Effective estate planning typically deals with financial realities but should also address the more difficult issue of preventing family disputes.

Let’s face it. The probate process, without any bumps in the road, is long and tedious.

It is a dream that many South Carolina residents have had at one time or another – leaving the corporate world and starting their own business. A start-up business can be a rewarding endeavor for an individual who is prepared to make hard sacrifices and important decisions about how to further the interests of their fledgling entity.

As any Myrtle Beach resident can attest, much work goes into starting a business. No matter the size of the business, an individual can devote much of his or her life into a business.

Our blog has many times advised South Carolina residents about the importance of having a will or other estate planning document so that they can control how their wealth gets distributed after they die. Just like other states, South Carolina has intestate succession laws.

Many people in the Myrtle Beach area take pride in the fact that they have drafted a comprehensive estate plan and that disposition of their assets will be controlled by a well-drafted will. Then something unexpected happens.

Most Myrtle Beach area residents understand the importance of estate planning. Estate planning encompasses many different aspects of a person’s life, including their assets, their children, and their health care wishes.

Many entrepreneurs in South Carolina wonder whether they should adopt a formal structure for their business. Some people imagine that incorporation will increase their cost of doing business or impose on them unnecessary paper work.

People in South Carolina work hard for what they earn, and some even take steps to invest their earnings in accounts that accumulate interest. Over time, these accounts can become very valuable.

Many individuals may want to develop an estate plan, and may know it is important to do so, but may not be sure what they should include in their estate plan. Regardless of age, potential estate planners should understand how important it is to have an effective estate plan that represents their wishes and what to include in that estate plan.