Wills and Trusts James Island SC

Working with Wills and Trusts in James Island SC

If you know of estate planning, you’ve probably been told it’s something only the wealthy do. However, this couldn’t be further from the truth. It’s beneficial for people of all financial levels to commit to wills and trusts in James Island SC, and throughout South Carolina. However, depending on your personal, financial and familial situations, there might be parts of estate planning more beneficial for you to invest in. And at Buxton & Collie, LLC, we can help you come to the right conclusions for you and your family’s future.

What Wills and Trusts Cover

While wills and trusts have some overlap, they both address different factors upon you or a loved one’s death. There are benefits to each, and you might only need one or the other in some cases. Thankfully, Buxton & Collie can help you discover what’s best for your estate planning process.

• What’s in a Will?
  • A will is a legal document that outlines the wants and requests of the deceased. For example, a will can establish the preferred legal guardians for minors who might be left without parents. Or, more simply, a will can list your desires for your funeral, whether to be cremated, etc. Overall, a will is simpler and more affordable to put together. However, a will must go through probate court, where it becomes part of the public record.
• What’s in a Trust?
  • A trust is a legal method of estate transfer separate from a will. When a trust is created, it is immediately active. Furthermore, the terms of a trust cannot be adjusted unless you have a revocable trust. However, the benefit of having a trust is it keeps your assets and estate out of probate court and private. Also, a trust gives you more control over your estate. It enables you to set stipulations on how and to who assets are distributed.
• Which Should You Use?
  • For many families, it’s advantageous to utilize both a will and trusts. A trust will allow you the most control possible over your assets while avoiding additional costs and restrictions associated with probate law. And with a will, you can cover all other requests and arrangements not available with a trust. However, if you believe one or the other would work best for your estate planning purposes, our team can discuss whether a will or trust will make more sense.

Do What’s Best for You or Your Business

Buxton & Collie helps you manage your wealth and assets through our estate planning services, limiting what’s affected by probate and placing your most valuable possessions in the hands of trusted loved ones. However, besides estate planning, we provide additional legal services geared towards real estate or business law. We can offer title searches, title insurance and closing a sale for residential and commercial real estate. Or, we provide advice and guidance on the best practices for incorporation, merging, stock offerings, startup planning and more.

Talk with Our Lawyers

If looking for a better understanding of wills and trusts for James Island SC, allow Buxton & Collie, LLC to be your guide for estate planning services. Contact 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.