South Carolina Estate Planning Questionnaire

State:
Multi-State
Control #:
US-Q1014
Format:
Word; 
Rich Text
Instant download

Description

This form addresses important considerations that may effect the legal rights and obligations of the parties in an estate planning matter, such as wills, trusts, healthcare documents, deeds, and more. This questionnaire enables those seeking legal help to effectively identify and prepare their issues and problems. Thorough advance preparation enhances the attorneys case evaluation and can significantly reduce costs associated with case preparation.



This questionnaire may also be used by an attorney as an important information gathering and issue identification tool when forming an attorney-client relationship with a new client. This form helps ensure thorough case preparation and effective evaluation of a new clients needs. It may be used by an attorney or new client to save on attorney fees related to initial interviews.


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FAQ

Estate planning in simple terms refers to the passing assets / investments down from one generation to another. You decide how much of your estate be it property(s), car(s), personal accolades, financial investments, etc. you want to pass on to whom and how, after your demise.

In South Carolina, you can use an Affidavit if an estate value is less than $25,000. You must wait 30 days after the death, and a probate judge will need to approve it. There is also potential to use a summary probate procedure, which is a possibility when an estate value is less than $25,000.

Living Trusts In South Carolina, you can make a living trust to avoid probate for virtually any asset you ownreal estate, bank accounts, vehicles, and so on. You need to create a trust document (it's similar to a will), naming someone to take over as trustee after your death (called a successor trustee).

Assets subject to probate in SC include:Real estate held as a tenant in common.Property owned solely in the deceased's name.Interest in a partnership, corporation, or LLC.

Is Probate Required in South Carolina? In most cases, the answer is yes. Probate will be a necessary step in distributing he assets of the estate. The court monitors this process to ensure the decedent's wishes are followed as indicated in the will.

This initial estate planning questionnaire is presented in a narrative form. The detailed explanations and the space provided for answers are designed to garner more complete and helpful information than would be afforded by merely filling in blanks.

A will must be filed with the court in North Carolina. State law allows for two years for the will to be entered into the court records. However, an heir may file sooner if the executor fails to file within 60 days of the death of the person.

The attached Estate Planning Questionnaire is designed to help you organize your personal and financial information, to help us effectively assess your goals and circumstances, and to enable us to recommend an estate plan that will work for you and your family.

Wills, Trusts & Estate. Planning Team. The attached Estate Planning Questionnaire is designed to help you organize your personal and financial information, to help us effectively assess your goals and circumstances, and to enable us to recommend an estate plan that will work for you and your family.

Five of the Most Common Estate Planning Questions AnsweredWhat is the difference between a will and a trust? Wills and trusts have some similarities.What is Power of Attorney?Do I need to create a medical directive?When should I make updates to my estate plan?I'm worried my family will contest my will.

More info

The following is a brief explanation of the documents we plan to draft forbe helpful for you both to complete this questionnaire and return it to us. PA in making recommendations of methods for carrying out your desires and planning for the reduction of taxes. Please fill out as much of this questionnaire ...Documents. After completing the first two sections, to the extent you are uncertain about titling or ownership of real estate, it would be best to review the ...26 pagesMissing: Carolina ? Must include: Carolina Documents. After completing the first two sections, to the extent you are uncertain about titling or ownership of real estate, it would be best to review the ... Without an established estate plan in place at the time of your passing, your assets may be tied up in lengthy public court proceedings. At Butler Law, we take ... The Bottom Line ? By designating beneficiaries on retirement accounts and completing the transfer on death designations on other accounts, you can keep ... The information requested will assist us in helping you develop appropriate estate plans. Please provide information that is as accurate and complete as ...11 pages The information requested will assist us in helping you develop appropriate estate plans. Please provide information that is as accurate and complete as ... In completing this Item II, please identify (i) any property owned by a spouse before marriage or acquired after marriage by gift or inheritance and (ii) if any ...28 pages In completing this Item II, please identify (i) any property owned by a spouse before marriage or acquired after marriage by gift or inheritance and (ii) if any ... We have 79 South Carolina Estate Planning Questions & Answers - Ask Lawyers for Free - Justia Ask a Lawyer. Establishing a proper Estate plan requires a complete understanding of family assets, liabilities, concerns and objectives. There are a handful of questions ... During this meeting, the attorney will ask questions related to your background, goals for your assets and property, and financial situation. It's important to ...

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South Carolina Estate Planning Questionnaire