Be Prepared

Qualified Estate Planning in Simpsonville, South Carolina

WHAT IS ESTATE PLANNING

To most, estate planning is the process of planning for the transfer of a person's wealth and assets after his or her death. At Crews Law, our estate planning also includes planning for the care of our clients who may be unable to care for themselves later in life. We believe an estate plan includes documents to transfer assets at death, financial powers of attorney to allow the management of financial affairs during periods of incapacitation, and health care directives to allow your family to manage medical care. At Crews Law, we help you understand the many different aspects and options in estate planning law and guide you through all the decisions you must make in planning your estate. Our goal for every client is the peace of mind that comes with knowing you have a plan in place to protect your family. We can’t always control what happens to us, but we CAN control our preparation for life’s twists and turns. Have you “checked off” the items on the following checklist? If not, call us today for a free consultation.

Checklist

Crews Law Offices is licensed to provide estate planning services in the states of South Carolina and Georgia. Our office is in Simpsonville, South Carolina, and we offer free initial consultations. Start on your estate planning by looking through our estate planning checklist below, then schedule a consultation.

1. Make a will

In a will, you state who you want to inherit your property and name a guardian to care for your young children should something happen to you and the other parent.

2. Consider a trust

If you hold your property in a living trust, your survivors won't have to go through probate court, a time-consuming and expensive process.

3. Make health care directives

Writing out your wishes for health care can protect you if you become unable to make medical decisions for yourself. Health care directives include a health care declaration ("living will") and a power of attorney for health care, which gives someone you choose the power to make decisions if you can't.

4. Make a financial power of attorney

With a durable power of attorney, you can give a trusted person authority to handle your finances and property if you become incapacitated and unable to handle your own affairs. The person you name to handle your finances is called your agent or attorney-in-fact (but doesn't have to be an attorney).

5. Protect your children's property

You should name an adult to manage any money and property your minor children may inherit from you, called a trustee. In fact, you can even establish the age when your children will receive their inheritance from the trustee.

6. File beneficiary forms

Naming a beneficiary for bank accounts and retirement plans makes the account automatically "payable on death" to your beneficiary and allows the funds to skip the probate process. Likewise, in almost all states, you can register your stocks, bonds, or brokerage accounts to transfer to your beneficiary upon your death.

7. Consider life insurance

Life insurance can provide income replacement to your family if you die prematurely.

8. Cover funeral expenses and make final arrangements

There are various ways to accomplish this step.  Sparing your family from having to make these types of decisions during the period immediately following your death will help them tremendously. 

9. Protect your business

If you're the sole owner of a business, you should have a succession plan. If you own a business with others, you should have a buyout agreement.

10. Store your documents

Your estate planning documents need to be easily found when they are needed.  Find a safe place to store them and make sure your trusted agents know where to find them. 

Licensed to Practice in South Carolina and Georgia

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