A family allowance is a portion of a decedents estate that is set aside for certain family members regardless of what the will says.
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Methods of creating trust. (iii) exercise of a power of appointment in favor of a trustee. (2) To be valid, a trust of real property, created by transfer in trust or by declaration of trust, must be proved by some writing signed by the party creating the trust.
SECTION 62-7-408. Trust for care of animal. (a) A trust may be created to provide for the care of an animal or animals alive or in gestation during the settlor's lifetime, whether or not alive at the time the trust is created.
Can a trustee withhold money from a beneficiary. Can trustees withhold assets from beneficiaries? Trustees are bound by the trust's terms and cannot unreasonably withhold a beneficiary's share, even amid disagreements.
Revocation or amendment of revocable trust. (a) Unless the terms of a trust expressly provide that the trust is irrevocable, the settlor may revoke or amend the trust.
The Estate Settlement Timeline: While there is no specific deadline for this in South Carolina law, it is generally best to do so within a month to prevent unnecessary delays in the probate process.
Time for Presentment of Claims: Claims are barred against the estate unless presented within the earlier of the following: (1) one year after the decedent's death; or (2) the time provided in § 62-3-801(b) for creditors who are given actual notice, and within the eight months after the first publication.
When an estate matter has been assigned a file number and entered in the pending file, and appears to be defunct in fact and not susceptible to ending by letters dismissory, the court shall strike the case from the active file with leave to restore upon good cause being shown why the case should be continued as a ...
