What should I know before I agree to administer a trust? The most important aspects of administering trusts are organizational skills and record keeping. Basically you need to track every dollar coming in and going out of the trust and…
How do I select a good attorney? Start by doing some homework and find out what kind of law the attorney practices. This can be as simple as referencing the firm’s website, checking the yellow pages and calling to ask…
I have children here and in Pennsylvania and are trying to decide where to retire. I heard something about filial responsibility laws and want to know if they exist in South Carolina. South Carolina does not have a filial responsibility…
My attorney suggested I consider an annuity. Can you explain some basics about annuities? I read an interesting article in a professional publication that I think did a good job explaining the basics so I’m going to draw from the…
My lawyer suggested I write a last letter to loved ones to go with my will. What kinds of things might I include? We often follow the lives of the rich, famous and infamous on television and social media, but…
A Personal Property Memorandum is a separate writing in either your own hand or one typed and signed by the testator and two disinterested witnesses that addresses distribution of various items of tangible personal property and names the recipient of…
In a technical sense and strictly construed a legacy is a gift or bequest in a will of personal property. An estate is a person’s interests in real and personal property both before and after death. The word legacy has…
I think that is too young to have access to hundreds of thousands of dollars. Since he is my potential heir as well, will a trust help me from contributing to this situation and instill in him a sense of…
Many people have decorated a spare bedroom with boxes of old medical insurance reimbursement statements and tax returns. While proof to grandchildren that you only earned $6,000 decades ago with both spouses employed and being able to tell them when…
Comedian Bill Cosby’s two main interests in life have been to entertain his fellowmen and a desire to teach them how to live. He is a devoted family man and a noted philanthropist. He said “Give your children enough money…
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