South Carolina
The Palmetto State
Explore estate planning specifics in South Carolina, including inheritance laws and will requirements, to better protect your family's future.
Articles
What unique considerations are there for estate planning in South Carolina?
In South Carolina, the probate process is an important aspect of estate planning as it can be lengthy and costly without proper planning. Additionally, South Carolina recognizes both wills and living trusts, but wills must be probated. This makes it crucial to understand how probate and non-probate assets are handled. Unique to South Carolina, the state’s elective share law allows a surviving spouse to claim a share of the estate, which is a critical element to consider when drafting estate documents. It's also valuable to note that estate taxes are a significant consideration, as South Carolina does not impose state estate taxes, but federal estate tax laws still apply. Understanding these elements can guide residents in creating comprehensive estate plans that suit their individual needs.