We specialize in the Probate Process, Taxation, Estate Planning, and many Practice Areas
- Business & Corporate Law
- Business Contracts
- Business Disputes
- Business Formation
- Legal Structures
- Limited Liability Companies
- Mergers & Acquisitions
- Operating Agreement
Planning your estate is about caring for your loved ones, seeing they are provided for, and making sure your hard-earned property is distributed according to your wishes. Your estate consists of all your property, including
your home and other real estate
tangible personal property (such as cars and furniture)
intangible property (insurance, bank accounts, stocks, and pension and social security benefits)
We assist clients with various tax issues, including:
- Tax collections
- Tax liens, garnishments and seizures
- Tax litigation and disputes
- Innocent spouse relief
- Offer in compromise
- Bankruptcy in relation to taxes
- Criminal tax matters
- Tax audits and appeals
- Federal and state tax law
The Probate Process
At death, your will goes through probate. Probate simply means the process by which your last will is determined to be your final dispositive statement and which confirms the appointment of the person or institution you have named to administer your estate.
The term probate is also used in the larger sense of probating your estate. In this sense, probate means the process by which assets are gathered, applied to pay debts, taxes and expenses of administration, and distributed to those designated as beneficiaries in the will.
The executor or personal representative named in the will is in charge of this process, and probate provides an orderly method for administration of the estate. The executor is held accountable by the beneficiaries (and sometimes is supervised formally by a probate court). The executor is entitled to a reasonable fee or commission.
Probate law generally encourages or provides for partial distribution during the period of administration; assets may generally be distributed in kind rather than sold during this time. The tax laws generally focus the responsibility for death tax filings and payments on the executor under a will. Thus, the choice of an executor is an important one.
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831 Folly Road
Charleston, S.C. 29412