Do single people need estate planning? Perhaps you’ve been to an estate planning seminar. Maybe you’ve read a few articles in the paper of in magazines. Maybe you've contacted a Charleston estate planning attorney in the past. Are you now ready to talk about practical estate planning? Here are answers to some frequently asked questions. [...]
Estate Tax and GST Taxes Repealed On November 2, 2017, Republicans in the House of Representatives released their version of a tax reform bill: The Tax Cuts and Jobs Act (the “GOP Act”). The GOP Act is still subject to revision and is only the beginning of what is sure to become a legislative battle. [...]
In 2003, Alice Dumville (“Dumville”) met with Thorsen to address her estate planning needs, specifically her last will and testament. Following the estate planning meeting, Thorsen gathered that Dumville wanted a simple will that would allocate all of her real estate to her mother, should her mother survived her. If her mother-- who was in her late [...]
Understanding Rule 41F - Gun Trust On January 4, 2016 United States Attorney General Loretta Lynch signed ATF Rule 41F, which impacts how South Carolina gun trusts may be established in the context of estate planning. The Rule administratively changes federal regulations regarding firearms regulated by Title II of the Gun Control Act (GCA), specifically [...]
