Confronting one's mortality can be daunting. Many people put off estate planning because they find it uncomfortable, but creating a detailed estate plan is crucial if you want to safeguard your legacy and help your loved ones care for your estate when you pass.
At Blood Law, PLLC, we help South Carolina residents create detailed estate plans they (and their loved ones) can rely on. Our Greenville estate planning lawyers will work with you to craft an ideal plan for your estate.
To schedule a consultation with our team, contact us online or via phone at (704) 286-0570.
Estate Planning Services in Greenville, SC
At Blood Law, PLLC, we can help you take care of your estate plan using the following methods:
Estate administration. The preparations you make for estate administration determine how your property is handled if you pass away or become incapacitated. We'll work with you to create a detailed plan for how you want elements of your estate plan, such as your will and trust, to be administrated when the time comes.
- Wills. As you probably know, your will determines how certain assets from your estate are distributed to friends, family, and loved ones. Your will can also serve other purposes, such as allowing you to establish Durable Medical and Financial Power of Attorney. We'll help you develop a thorough will that suits all your needs.
- Trusts. You can utilize a trust to bequeath assets to friends, family, and loved ones after you pass away in a manner that allows them to circumvent the probate process. We'll help you understand the role of a trust in your estate plan and create one that will protect your assets and best interests.
Common Estate Planning Terms
It's helpful to understand common estate planning terms as you begin to draft your estate plan. Terms you'll probably hear often include:
Decedent. A decedent is someone who has passed away. The owner of a will is typically called a "decedent" post-death.
- Grantor. A grantor is someone who creates a trust.
- Tangible assets. Tangible assets include property you can touch, such as real estate, cars, heirlooms, etc.
- Intangible assets. Intangible assets include property you cannot touch, such as a life insurance policy, bank account, etc.
- Trustee. The trustee is in charge of administrating a trust. Oftentimes, grantors name themselves as trustee and then name a successor trustee to take over the trust when they pass away. This enables the grantor to adjust the trust throughout their life, as long as it's a revocable living trust.
- Executor/personal representative. The executor is the person appointed by a decedent in their will to distribute their estate post-death. If the decedent fails to name an executor, the court will appoint one during probate (usually an heir of the decedent).
- Probate. When a decedent dies, their estate can be put through the probate process. During probate, the court works with the executor to ensure the decedent's estate is handled properly.
- Beneficiary. Beneficiaries are individuals named by a decedent to receive assets in a trust or will.
Our empathetic Greenville estate planning attorneys are here to look after your needs and answer any and all questions you have about the estate planning process. When you work with our estate planning lawyers, you can rest easy knowing your legacy is in good hands.
To schedule a consultation with a member of our team and get started on your estate plan, contact us online or via phone at (704) 286-0570 today.
“Anna guided me through the entire process and answered all of my questions and concerns quickly.”- Debra K.
“Anna is very knowledgeable of the law as well as the local courts and judges.”- Penny N.
“I’m extremely grateful for Anna's help in my time of need.”- Olivia L.
With offices in Charlotte and Waxhaw as well as in Greenville and Fort Mill, we make it easier for families across the Carolinas to find quality counsel.
Children Come First
With the complexities of family law, we put the well-being and safety of your children at the forefront of your case.
When you work with Blood Law, PLLC, you work with our entire team. Everyone is here to support you through each step.
We create personalized plans for each client while setting realistic expectations on the possible outcomes of the case.
From our first phone call to final signing, our team goes above and beyond to make sure you're getting the attention you deserve.