As the personal representative what kind of things do I need to think about before I settle my friend’s estate? Estates vary widely, but basically you have to focus on three areas – taxes and administrative expenses, final bills of the decedent and distributions. Very few estates have to pay federal or South Carolina estate taxes as...Read more
About: Linda Knapp
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Recent Posts by Linda Knapp
My father named my mother, then me as his attorney-in-facts in a financial power of attorney. Both my parents are now in care facilities and not competent. Am I automatically in charge or does something more need to be done? That depends on the terms set forth in the document itself, but even if no stated...Read more
What is a life estate deed? The short answer is a life estate deed separates ownership of real property between two different parties. Often, but not always, the parties are the parents or one parent, and a child or more than one child, and sometimes grandchildren. One party gets life time use of the property and...Read more
If someone dies in a car accident and he is not at fault, who receives the insurance settlement monies, the people named in the will or the heirs-at- law? The proceeds of a wrongful death action are paid to the statutory wrongful death beneficiaries or the intestate heirs. This is often the spouse and children, with...Read more
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