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Estate Planning Attorney inArcadia, SC
Did you know that one in two U.S. citizens have yet to create a plan for their estate? Just about everyone knows they need to get their affairs in order, but most people procrastinate when it comes to estate planning. It's an uncomfortable subject to think about. After all, nobody wants to ponder their death and what happens to their assets when they pass. However, working with an estate planning lawyer in Arcadia, SC, protects you, your loved ones, and your assets, both while you're alive and after you have died. There isn't a perfect time to plan your estate, but there is a right time and that time is now.
We understand that there is no "one-size-fits-all" solution to your estate planning needs. That's why, at Cobb Hammett Law Firm, we make a concerted effort to speak with our clients personally so that we can create an estate plan that is as unique as they are. Our estate plans are comprehensive, cost-effective, and catered to you. That way, your family is provided if you are incapacitated or pass away.
At the end of the day, our goal is to make sure that every one of our clients leaves our office feeling less stressed and more informed. Peace of mind is valuable currency these days. Why worry about the future of your loved ones when you can use South Carolina law to ensure their stability?
Many of the clients in Arcadia, SC that walk through our doors have significant questions that require serious answers. They're filled with doubt, stress, and worry. They're worried about their children, their spouse, their relatives, or all the above. They ask questions like:
- How much does estate planning cost?
- What kind of results can I expect?
- How long will this process take?
If these questions sound familiar, know that you are not alone. At Cobb Hammett Law Firm, we have worked with hundreds of clients just like you. Sometimes, these clients are unsatisfied with their current estate planning attorney in Arcadia, SC. Other times, they have been served with confusing papers or documents that leave them feeling overwhelmed. In either case, clients come to our office knowing they need to manage what is often a sudden, foreign situation.
The good news? We sit down with all new clients for an hour at no extra cost. We do so to get a basic sense of their situation and help steer them in the right direction. That way, they can leave our office feeling a little wiser and a lot better about the future.
Our firm specializes in several areas of estate planning and family law, including:
- Estate Planning
- Last Will and Testament
- Living Wills
- Heath Care Power of Attorney
- Living Wills
- Irrevocable Trusts
- Revocable Trusts
- Retirement Trusts
- Special Needs Trusts
The Cobb Hammett
Difference
At Cobb Hammett, LLC, estate planning is like second nature to us. Having worked hundreds upon hundreds of cases, we have the knowledge and experience to assist with all the estate planning needs that you or your family have.
As our client, you will always work directly with your attorney. We do not pass cases off to paralegals or junior associates. Because your concerns and questions don't end when our office closes, we encourage our clients to contact us at any time.
Because we limit the number of cases we accept, we have the time and resources to truly dedicate ourselves to each of our clients. Unlike some competitors, we care about the outcome of every case because we know that our clients' future depends on it.
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What is Estate Planning in
Arcadia, SC?
The word "estate" might make you think of a sprawling mansion in the French countryside. The truth is, you don't have to be rich to have an estate. In fact, most people already have an estate. An estate comprises the assets that a person owns like cars, bank accounts, real estate, businesses, and other possessions. Everyone's estate is different, but we all have one thing in common: none of us can take our estates with us when we die. When that does eventually happen, you will need legal instructions that state who gets what from your estate in plain terms.That, in a nutshell, is estate planning building a framework in advance that names the organizations or people that should receive your assets after you die. Planning your estate now helps make life much easier for your family down the line.
A good estate plan covers more than fiscal assets, however. A comprehensive
estate plan should include the following:
- If you have children who are minors, instructions as to who will be their guardian when you die.
- Long-term care insurance if you suffer from an extended injury or illness.
- Instructions that dictate what happens to you and your financial affairs if you become incapacitated before death.
- Instructions on the transfer of your business after retirement, incapacity, disability, or death.
- Instructions on how to provide for loved ones who might need help managing money or who need protection from creditors.
- Probate and tax avoidance that help minimize court fees, taxes, and legal fees.
- Planning Medicaid payments.
- Instructions that help complete or update beneficiary designations.
- Assist family members who have special needs without disqualifying them from government benefits.
Contrary to popular belief, estate planning isn't just for adults who are approaching retirement age. Estate planning is for everyone. After all, we're all getting older, and none of us know exactly when it will be our time to go.
The Basics of Estate Planning
in Arcadia, SC
Although estate planning can be complicated, a well-rounded plan makes a huge difference in what is left to your beneficiaries. Before you start planning your estate, it's important to know a few common topics that may arise as you detail your needs.
Working with a Tax Advisor and Estate Planning
Attorney in Arcadia, SC
Working with a veteran estate planning lawyer is a no-brainer, but you should consider working with a tax advisor too. Your attorney's role is to help guide you through the creation of your estate planning documents. Common documents include your will, health care directives, and power of attorney. Your tax advisor will help guide you through tax issues associated with your estate planning needs.
In this relationship, you make the decisions while your attorney and tax advisor help you understand and think through the options you're considering. As a team, they will help you state your wishes clearly while minimizing mistakes and adjusting your plans as they change. Because significant savings can result from thorough, informed planning, you should seriously consider working with a tax advisor in addition to your estate planning attorney.
Maximizing
Your Estate
If there were one overriding theme of estate planning, it would be maximizing what you plan to leave behind. Thinking through how each of your assets will be distributed is crucial to your estate. Your decisions may change depending on the type of asset, its size, how old you are, and several other factors. With an attorney on your side, you will gain a thorough understanding of what actions you should take to care for your family while minimizing expenses like taxes and court fees.
Inheritance, Estate,
and Gift Taxes
One of the biggest parts of maximizing what you're leaving behind is to minimize taxes. Federal taxes on estates and gifts are incredibly high. Both forms of taxes usually have exemption limits, which means you can give up to a specific amount without being taxed. Your lawyer can achieve that by using the gift tax exemption to move assets while you are still alive. This strategy maximizes how much your beneficiaries will receive.
Inheritance taxes are often based on the value of your estate and paid prior to asset distribution to your beneficiaries.
Choosing the Executor of Your Will
The executor of your estate plays a key role in your affairs. Their responsibilities include carrying out the terms of your will and seeing the estate settlement process through until the end. Obviously, such a role demands a qualified person. Choosing your executor isn't an easy decision. The person you select should be great at managing money, be savvy financially, and show an ability to be patient. That's because the executor is tasked with:
- Collecting Your Assets
- Paying Outstanding Bills
- Submitting Tax Returns
- Petitioning the Court for Documents
- Distributing Assets to Your Beneficiaries
If the person that you choose as executor is inexperienced with the estate settlement process, it is recommended that they lean on an estate planning attorney in Arcadia, SC for guidance. It should be noted that you may appoint more than a single executor to your estate. This is common when two individuals have complementary personalities or skill sets.
The Benefits of Estate Planning
in Arcadia, SC
One of the biggest benefits of planning your estate is the peace of mind it brings to you and your family. With the help of our expert estate planning attorneys, you have the power to protect your assets, privacy, and children's welfare. You can also potentially save money on taxes or even avoid probate. By having your wishes legally documented before death or incapacity, you can minimize any impact on your beneficiaries and take control of your legacy. Without a comprehensive estate plan, you're leaving the future of your loved ones in the hands of the South Carolina court system.
With an estate plan in place, you can plan for incapacity by using a power of attorney or advanced medical directives. Doing so relieves your loved ones of the burden of asking the court for the authority to fulfill your wishes.
At Cobb Hammett Law Firm, we are committed to helping you prepare for both the expected and unexpected through years of experience and a fierce dedication to our clients. From establishing trusts to designing business succession plans, we are here to fight for you.
At Cobb Hammett we offer a "Will Package" that includes 4 necessary documents.
If a husband and wife each purchase reciprocating will packages we give a discount. Reciprocating just means the husband names the wife and the wife names the husband. Those four documents are:
- Last will and testament
- Healthcare power of attorney
- Durable power of attorney
- living will
Common Documents Included
in Your Estate Plan
As mentioned above, everyone's estate planning needs will be different. However, most plans include one or more of the following documents:
Will
Your will is an essential piece of documentation and is often considered the cornerstone of a proper estate plan. Generally speaking, your will is a document that dictates the distribution of your assets after your death. Having an iron-clad will is one of the best ways to make sure that your wishes are communicated clearly. As is the case with most estate planning, it is highly recommended that you work with an estate planning attorney in Arcadia, SC, to create and update your will.
The contents of a will typically include:
- Designation of the executor, who is responsible for adhering to the provisions of your will.
- Designation of beneficiaries the people who will be inheriting your assets
- Instructions that dictate how and when your beneficiaries will receive assets.
- Instructions that assign guardianship for any minor children.
Without a will in place, the State of South Carolina will decide how to distribute assets to your beneficiaries. Allowing the state to distribute your assets is often an unfavorable route to take, since the settlement process may not include what you had in mind for your survivors. Having a will drafted that reflects your wishes will prevent such a situation from happening.
Living Will
Despite its name, a living will does not instruct your survivors on what assets go where. Also called an advanced directive, your living will allows you to state your end-of-life medical wishes if you have become unable to communicate. This important document provides guidance to family members and doctors and solidifies certain issues like whether you should be resuscitated after an accident.
For example, it's common to direct that palliative care (care to decrease pain and suffering) always be administered if needed. Conversely, you may state that certain measures are not allowed, like CPR.
Trusts
Traditionally, a trust is used to minimize estate taxes and maximize other benefits as part of a well-rounded estate plan. This fiduciary agreement lets a trustee hold your assets on behalf of your beneficiaries. There are many ways to arrange a trust to specify when and how your assets are distributed.
With a trust in place, your beneficiaries can avoid going to probate. That means they may be able to gain access to your assets quicker than when they are transferred with a standard will. Assets placed in a trust can pass outside of probate, which will save you and your family time, money, and stress.
There are two distinct trust categories that you should be aware of: revocable and irrevocable.
Revocable Trust:
Also called a living trust, a revocable trust helps assets circumvent probate. With this trust, you can control your assets while you are still alive. These trusts are flexible and may be dissolved at any point in time. This type of trust becomes irrevocable upon your death. Revocable trusts can help you avoid the pitfalls of probate but be aware that they are usually still taxable.
Irrevocable Trust:
This kind of trust transfers assets out of your estate so that they are not taxed and do not have to go through probate. However, once an irrevocable trust has been executed, it may not be altered. That means that once you establish this kind of trust, you lose control of its assets and cannot dissolve the trust. If your primary goal is to avoid taxes on your estate, setting up an irrevocable could be a wise choice.
When drafted with the help of an estate planning lawyer in Arcadia, SC, your trust can also:
Protect Your Legacy:
When constructed properly, a trust can protect your estate from your heirs' creditors. This can be a huge relief for beneficiaries who might need to brush up on money management skills.
Privacy and Probate:
Probate records are made available for public consumption. With a trust, you may have the choice of having your assets pass outside of probate court so that they remain private. In the process, you may also save money that you would lose to taxes and court fees.
Control Wealth:
Because you can specify the exact terms of a trust, you have more control over who receives your assets and when they receive them. As an example, you can set up a revocable trust so that your assets are attainable while you're alive. When you pass, remaining assets are distributed, even in complex situations involving children from multiple marriages.
The Top Estate Planning Law Firm in the Lowcountry
If you know that you need to provide for your family and loved ones after your death, it's time to develop your estate plan. With Cobb Hammett Law Firm by your side, planning your estate doesn't have to be difficult. However, it does need to be accurate and executed exactly to your wishes something that we have been helping clients achieve for years. Don't leave your legacy up to chance contact our office today and secure your future generations.
CONTACT USLatest News in Arcadia, SC
Alison Krauss & Union Station Featuring Jerry Douglas Announce Arcadia 2026 Tour
Glidehttps://glidemagazine.com/320627/alison-krauss-union-station-featuring-jerry-douglas-announce-arcadia-2026-tour/
Alison Krauss has announced that the hugely successful Alison Krauss & Union Station Featuring Jerry Douglas ARCADIA Tour will return in 2026. The wide-ranging headline run gets underway with a two-night stand at Durham, NC’s DPAC on April 24-25, 2026 and then travels North America through early October. Highlights include shows at such historic venues as Vienna, VA’s Wolf Trap National Park for the Performing Arts (July 16), two-night stands at Shipshewana, IN’s Blue Gate Perf...
Alison Krauss has announced that the hugely successful Alison Krauss & Union Station Featuring Jerry Douglas ARCADIA Tour will return in 2026. The wide-ranging headline run gets underway with a two-night stand at Durham, NC’s DPAC on April 24-25, 2026 and then travels North America through early October. Highlights include shows at such historic venues as Vienna, VA’s Wolf Trap National Park for the Performing Arts (July 16), two-night stands at Shipshewana, IN’s Blue Gate Performing Arts Center (June 9-10) and Bonner, MT’s KettleHouse Amphitheater (August 20-21), and a three-night residency at Nashville, TN’s famed Ryman Auditorium (September 18-20).
Support on most dates comes from Theo Lawrence, with The Cox Family appearing as special guests at Shreveport, Louisiana’s Shreveport Municipal Auditorium on April 29. In addition, Alison Krauss & Union Station Featuring Jerry Douglas are set for a number of top-billed festival appearances, including Wilkesboro, NC’s MerleFest (April 26) and Cumberland, MD’s DelFest (May 24).
Artist Presales for all Arcadia 2026 Tour headline dates begin Tuesday, December 9 at 10:00 am (local). Local Presales start Thursday, December 11 at 10:00 am (local). General on-sales start Friday, December 12 at 10:00 am (local). For complete details and ticket information, please visit alisonkrauss.com/tour-dates.
APRIL 2026
24 – Durham, NC – DPAC
25 – Durham, NC – DPAC
26 – Wilkesboro, NC – MerleFest *
28 – Huntsville, AL – VBC Mark C. Smith Concert Hall
29 – Shreveport, LA – Shreveport Municipal Auditorium †
MAY 2026
1 – Durant, OK – Choctaw Casino & Resort Durant
2 – Stillwater, OK – The McKnight Center For the Performing Arts at Oklahoma State University
3 – Bentonville, AR – The Momentary
7 – New Orleans, LA – Saenger Theatre
8 – Gautier, MS – The Sound Amphitheater
9 – Atlanta, GA – Synovus Bank Amphitheater at Chastain Park
14 – Greenville, SC – Bon Secours Wellness Arena
15 – Columbia, SC – Township Auditorium
16 – Charleston, WV – Charleston Coliseum & Convention Center
18 – Savannah, GA – Johnny Mercer Theatre
22 – Toledo, OH – Toledo Zoo Amphitheater
23 – Pikeville, KY – Appalachian Wireless Arena
24 – Cumberland, MD – DelFest *
JUNE 2026
7 – Niagara Falls, ON – OLG Stage at Fallsview Casino
9 – Shipshewana, IN – Blue Gate Performing Arts Center
10 – Shipshewana, IN – Blue Gate Performing Arts Center
13 – Madison, WI – The Orpheum Theater
14 – Des Moines, IA – Lauridsen Amphitheater at Water Works Park
16 – Moorehead, MN – Bluestem Amphitheater
17 – Sioux City, IA – The Sioux City Orpheum
19 – Lincoln, NE – Pinewood Bowl Theater
20 – Camdenton, MO – Ozarks Amphitheater
21 – Topeka, KS – Topeka Performing Arts Center
23 – Nashville, IN – Brown County Music Center
24 – Akron, OH – E.J. Thomas Performing Arts Hall at The University of Akron
27 – Williamsburg, VA – Virginia Arts Festival
JULY 2026
10 – Westbury, NY – The Flagstar at Westbury Music Fair
11 – Sidney, ME – The Bowl at Snow Pond Center for the Arts
12 – Portsmouth, NH – The Music Hall
14 – Hershey, PA – Hershey Theatre
16 – Vienna, VA – Wolf Trap National Park for the Performing Arts #
17 – Vienna, VA – Wolf Trap National Park for the Performing Arts #
18 – Charlottesville, VA – Ting Pavilion
20 – Easton, PA – State Theatre Center for the Arts
22 – Albany, NY – Palace Theatre
24 – Chautauqua, NY – Chautauqua Institution Amphitheater
25 – Canandaigua, NY – CMAC
26 – Bridgeport, CT – Hartford Healthcare Amphitheater
28 – Hyannis, MA – Cape Cod Melody Tent
29 – Cohasset, MA – South Shore Music Circus
31 – Wheeling, WV – Capitol Theatre
AUGUST 2026
1 – Columbus, OH – Ohio Expo Center and Fairgrounds #
14 – Colorado Springs, CO – Ford Amphitheater
15 – Grand Junction, CO – Amphitheater at Las Colonias Park
16 – Vail, CO – Gerald R. Ford Amphitheater
18 – Loveland, CO – Blue Arena
20 – Bonner, MT – KettleHouse Amphitheater
21 – Bonner, MT – KettleHouse Amphitheater
22 – Seattle, WA – Marymoor Amphitheater
23 – Bend, OR – Hayden Homes Amphitheater
25 – Jacksonville, OR – Britt Festival Amphitheater #
27 – Reno, NV – Grand Sierra Resort and Casino
28 – Murphys, CA – Ironstone Amphitheatre
29 – Costa Mesa, CA – The Pacific Amphitheatre
SEPTEMBER 2026
11 – Davenport, IA – Adler Theater
12 – Highland Park, IL – Ravinia Festival #
13 – Champaign, IL – State Farm Center
15 – Evansville, IN – Aiken Theatre in The Centre
18 – Nashville, TN – Ryman Auditorium
19 – Nashville, TN – Ryman Auditorium
20 – Nashville, TN – Ryman Auditorium
22 – Saint Louis, MO – Stifel Theatre
26 – Lubbock, TX – Buddy Holly Hall for the Performing Arts
28 – Flagstaff, AZ – Pepsi Amphitheatre at Fort Tuthill Park
29 – Las Vegas, NV – Encore Theater at Wynn Las Vegas
OCTOBER 2026
2 – Paso Robles, CA – Vina Robles Amphitheatre
* Festival Appearance
# On Sale TBD
All Dates w/ Special Guest Theo Lawrence
Except † w/ Special Guests The Cox Family
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