Estate planning is not only the process of sharing your property but rather the way you want to manage your wealth in the future. In South Carolina, this process assumes special significance because of the differences in the laws of the state, taxation, and the requirement for protection from legal claims. If you don’t have a well-thought-out estate plan, your assets may be subjected to taxes, debts, and sometimes even among the family members. A recent online survey conducted by AARP in 2023 revealed that an astonishing 60% of Americans have not yet developed an estate plan, more reasons why everyone should start the process early.
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