South Carolina Additional Devisees/Heirs/Successors

State:
South Carolina
Control #:
SC-SKU-0984
Format:
PDF
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Description

Additional Devisees/Heirs/Successors South Carolina Additional Devises/Heirs/Successors are the individuals or entities designated in a will or trust to receive a portion of the deceased’s estate after the primary beneficiaries are taken care of. Depending on the circumstances, there may be several types of South Carolina Additional Devises/Heirs/Successors. These can include: • Secondary Beneficiaries: These South Carolina Additional Devises/Heirs/Successors receive a portion of the estate after the primary beneficiaries, usually equally divided among them. • Residuary Beneficiaries: These South Carolina Additional Devises/Heirs/Successors receive a portion of the estate after all other beneficiaries have received their share. • Contingent Beneficiaries: These South Carolina Additional Devises/Heirs/Successors are only entitled to the estate if certain conditions are met. For example, if the primary beneficiary passes away before the will is executed, the contingent beneficiary would receive their portion. • Trust Beneficiaries: These South Carolina Additional Devises/Heirs/Successors are entitled to the proceeds of a trust. The trust can be set up to provide income, or it can be used to manage and preserve the estate. • Community Property Beneficiaries: These South Carolina Additional Devises/Heirs/Successors are entitled to a portion of the estate if the deceased and their spouse held property as community property. • Spousal Beneficiaries: These South Carolina Additional Devises/Heirs/Successors are usually the spouse of the deceased, and they are entitled to a share of the estate. • Stepchildren and Other Relatives: These South Carolina Additional Devises/Heirs/Successors include stepchildren and other relatives of the deceased, such as siblings, cousins, nieces, and nephews. They may be entitled to a portion of the estate.

South Carolina Additional Devises/Heirs/Successors are the individuals or entities designated in a will or trust to receive a portion of the deceased’s estate after the primary beneficiaries are taken care of. Depending on the circumstances, there may be several types of South Carolina Additional Devises/Heirs/Successors. These can include: • Secondary Beneficiaries: These South Carolina Additional Devises/Heirs/Successors receive a portion of the estate after the primary beneficiaries, usually equally divided among them. • Residuary Beneficiaries: These South Carolina Additional Devises/Heirs/Successors receive a portion of the estate after all other beneficiaries have received their share. • Contingent Beneficiaries: These South Carolina Additional Devises/Heirs/Successors are only entitled to the estate if certain conditions are met. For example, if the primary beneficiary passes away before the will is executed, the contingent beneficiary would receive their portion. • Trust Beneficiaries: These South Carolina Additional Devises/Heirs/Successors are entitled to the proceeds of a trust. The trust can be set up to provide income, or it can be used to manage and preserve the estate. • Community Property Beneficiaries: These South Carolina Additional Devises/Heirs/Successors are entitled to a portion of the estate if the deceased and their spouse held property as community property. • Spousal Beneficiaries: These South Carolina Additional Devises/Heirs/Successors are usually the spouse of the deceased, and they are entitled to a share of the estate. • Stepchildren and Other Relatives: These South Carolina Additional Devises/Heirs/Successors include stepchildren and other relatives of the deceased, such as siblings, cousins, nieces, and nephews. They may be entitled to a portion of the estate.

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South Carolina Additional Devisees/Heirs/Successors