IRREVOCABLE TRUSTS
Q. How do I know if I need a revocable or irrevocable trust? A. You should consult with a legal professional that handles both kinds of trusts. Provide a clear explanation of your goals and the assets you are planning…
May 2019
GUNS AND DEMENTIA
Q. My elderly father is often confused and agitated. I am concerned because he has loaded guns in the house. What can I do? A. Short of bringing a protective or guardianship action, I suggest you consider addressing the matter…
DIGITAL ASSETS
Q. Any updates on how a fiduciary accesses digital assets? A. South Carolina passed the Uniform Fiduciary Access to Digital Assets Act in 2016 which gives agents under a duly authorizing power of attorney, or a trustee, personal representative and…
STOP, LOOK, LISTEN
Q. I am named as personal representative in my father’s will. Can I sell his car immediately after his death so I don’t have to make the payments and start distributing other personal property from the house the day of…
TAX CREDIT 2019
Q. I have claimed my mother as a dependent in the past for tax purposes. Are there any tax breaks left to help me with those high in-home care expenses? A. Maybe. It is true you can no longer claim…