Find Guidance for Establishing Wills and Trusts in Awendaw SC
As you begin to think of you and your family’s future, estate planning is something you ought to consider. And how much estate planning you do depends on your current financial standing, family size, and present health. If unsure of where to begin, allow Buxton & Collie, LLC to assist. We can help in establishing wills and trusts for Awendaw SC residents and families throughout South Carolina.
Wills or Trusts: Which One is Best?
While wills and trusts can both be implemented in estate planning, one might be better than the other, depending on your scenario. It’s the job of Buxton & Collie to help you determine what will work best.
- A will is a legally enforceable document that outlines how you want affairs handled and assets to be given upon your death. There are several types of wills, but most will include a list of assets, debts, property, vehicles, and other valuable possessions. By establishing a will, you put a plan in place for your family and attorneys to follow, preventing the state and courts from making decisions on your behalf.
- A trust is a legal agreement between you and another party, which gives said party authority over your assets and their handling after your passing. You can set up specific requirements and stipulations for how a trust distributes your assets. Trusts are also a way in which families avoid going through probate court when wishing to transfer property.
- Which is Best?
- Functionally, wills and trusts in Awendaw SC are almost identical in what they accomplish: transferring assets from the deceased to beneficiaries. However, they differ in key ways. For example, trusts can typically not be challenged in court, but wills can. Or, wills can include specific guidance for funeral arrangements, but trusts don’t. Ultimately, wills are better for making plans after death for yourself and your family. Trusts are better for handling assets outside of probate. However, for many families, Buxton & Collie will encourage the use of both.
Legal Support for Individuals and Businesses
While Buxton & Collie goes to great lengths to ensure your family is prepared for the inevitable, we also assist with legal woes related to businesses and real estate. For example, we can assist with your residential or commercial real estate transactions and provide the support you need when closing a sale or purchase. And for companies looking to merge, incorporate, pay commercial taxes, or handle any legal issues, we provide attorneys experienced in business law for South Carolina.
Contact Our Office
Wills and trusts in Awendaw SC are significant factors for estate planning. Be sure you have everything you need when planning for your future when working with the team at Buxton & Collie, LLC. Learn more by contacting us today at 843-606-2397 to request a consultation. Also, we are located at 940 Johnnie Dodds Blvd, Ste 100, Mt. Pleasant, SC 29464.