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 Fingerville, 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 Fingerville, 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:
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 Fingerville, 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:
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.
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.
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.
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 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.
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.
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.
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:
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 Fingerville, 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.
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.
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:
As mentioned above, everyone's estate planning needs will be different. However, most plans include one or more of the following documents:
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 Fingerville, SC, to create and update your will.
The contents of a will typically include:
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.
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.
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.
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.
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 Fingerville, SC, your trust can also:
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.
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.
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.
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 USThe creation of this content included the use of AI based on templates created, reviewed and edited by journalists in the newsroom. Read more on our AI policy here.A weather alert was issued by the NWS Greenville-Spartanburg SC on Saturday at 3:19 p.m. for strong thunderstorms until 3:45 p.m. for Spartanburg County.The storms are packing pea-sized hail (0.25 inches) and wind gusts of up to 40 mph....
The creation of this content included the use of AI based on templates created, reviewed and edited by journalists in the newsroom. Read more on our AI policy here.
A weather alert was issued by the NWS Greenville-Spartanburg SC on Saturday at 3:19 p.m. for strong thunderstorms until 3:45 p.m. for Spartanburg County.
The storms are packing pea-sized hail (0.25 inches) and wind gusts of up to 40 mph.
"At 3:19 p.m., Doppler radar tracked a strong thunderstorm 10 miles northwest of Spartanburg, or near Boiling Springs SC, moving east at 30 mph," states the NWS. "Gusty winds could knock down tree limbs and blow around unsecured objects. Minor hail damage to outdoor objects is possible."
Locations impacted by the alert include Boiling Springs SC, Cowpens, Inman, Mayo, Lake Bowen, Chesnee and Fingerville.
The NWS comments, "If outdoors, consider seeking shelter inside a building."
This alert is in effect until 3:45 p.m.
Around 25 million lightning strikes occur in the United States every year, with most taking place during the summer months. The NWS reports that these strikes result in about 20 fatalities annually. The probability of lightning strikes rises as a thunderstorm approaches and peaks when the storm is directly above. As the storm moves away, this likelihood decreases.
Here are recommendations for maintaining safety during a thunderstorm:
If finding indoor shelter is not an option:
What is hydroplaning?
Hydroplaning is the term for when a vehicle begins sliding uncontrollably on wet roads.
This happens when water in front of the tire builds up faster than the vehicle's weight can push water out of the way. The water pressure then causes the vehicle to rise and slide on a thin layer of water between the tires and the road, making the driver lose control. The top three contributors to hydroplaning are:
In the event of your vehicle hydroplaning, here's what to know:
Source: The National Weather Service
Robert DeWitt Outdoors WriterAlmost 20 years after starting a summer camp for kids, Ralph Brendle is reaping some long-term benefits.“We started it because it would not only give us income during the summer but it would give us potential customers down the road when these kids grow up," said Brendle, owner of River Bend Sportsman’s Resort.“Some kids are actually in sales now and they’re bringing customers back for entertainment."Throughout most of the year, River Bend is a swanky ...
Robert DeWitt Outdoors Writer
Almost 20 years after starting a summer camp for kids, Ralph Brendle is reaping some long-term benefits.
“We started it because it would not only give us income during the summer but it would give us potential customers down the road when these kids grow up," said Brendle, owner of River Bend Sportsman’s Resort.
“Some kids are actually in sales now and they’re bringing customers back for entertainment."
Throughout most of the year, River Bend is a swanky resort in Fingerville, S.C., for hunters and clay target shooters. Companies entertain their clients with guided quail, chukkar, pheasant and duck hunts or clay target shooting. But the bulk of their business is from October through March and Brendle was looking for something to generate income during the summer.
“We realized the camp was something we could do in the summer," Brendle said. “We’ve got this wonderful facility, food, entertainment, lodging, why not use it?"
That was back in 1987. Since then, it’s become an institution at the hunting lodge.
Down in Eufaula, the owners of Old Spring Hill Plantation came to the same conclusion. The operation’s bread and butter are guided quail and deer hunts. But operators needed something to do in the summer.
“We thought it would be a good way to get kids involved in the outdoors," said Old Spring Hill manager Phil Anderson. “We’ve done it for three years and we get the same bunch of kids. They love it. And the parents really enjoy it."
The camps at River Bend and Old Spring Hill have something in common that separate them from traditional summer camps.
“Everything we do is related to the outdoors," Anderson said. “It’s not your ordinary summer camp where you’re making baskets."
While camps may have archery or fishing components, that’s not usually the main focus. For the camps at River Bend and Old Spring Hill, hunting, shooting and fishing are their only focus. And kids who attend the camps leave with their hunter education certification in hand.
“The biggest thing is the emphasis on the training in proper safety in handling firearms," Brendle said. “These kids really spend most of their time on shotgun, rifle, pistol and archery."
River Bend doesn’t offer fishing but it has paintball, which Old Spring Hill doesn’t offer.
River Bend offers four weeklong camp sessions in June and July. Its Roadrunner (beginning) camp is for first-time kids who don’t have their hunter education certificate. Its advanced (Eagle) camp is for return kids. The advanced camp costs more because the advanced campers shoot up more ammunition, Brendle said.
Old Spring Hill has weeklong sessions, one in June and one in July. It doesn’t have different levels but Anderson said there is still plenty of return business.
Both lodges still have openings for the summer but don’t anticipate that will last long.
At River Bend, the same staff instructors that teach shooting to adults are instructors for the campers. Old Spring Hill brings in experts, like Daiwa pros and state hunter education instructors to lead their camp.
Both lodges take only a small number of campers per session, 10 at Old Spring Hill and 12 at River Bend. That allows the lodge to have a high ratio of instructors to campers and helps keep everybody safe.
“There is always an instructor right beside that kid so he can’t turn the gun and point it in the wrong direction," Brendle said. “The instructor has the shells in his pocket."
Another major difference between conventional summer camps and the outdoor camps are the accommodations. Campers stay in air-conditioned hunting lodges and are fed three meals a day prepared for them by the lodge chef.
Old Spring Hill introduces an element of competition into the camp. After a morning of learning to tie knots and learning about different lures, the kids have a fishing tournament at the lodge’s lake, Anderson said.
There are also shooting games and tournaments after firearms safety instruction. And the week ends with an archery tournament.
Brendle said the same activities seem to be the favorites with kids every year. Most say their favorite is shooting shotguns. That’s followed by shooting large-caliber pistols; kids get to shoot .45s, .357 magnums and 9mm handguns. After that, they like the paintball.
At Old Spring Hill, other activities include a field trip to The Mann’s Bait Co., Southern Plastics and Hummingbird manufacturing plants in Eufaula. Instructors teach skills like tracking by making a “blood trail" with florescent paint and teaching kids to follow it with a flashlight.
“They get a lot of hands-on experience," Anderson said.
What kids don’t do is spend a lot of time watching TV. They do get some free time but it’s mostly consumed by outdoor activities.
Campers at Old Spring Hill are also expected to shower morning and night, make up their beds, turn their towels into the laundry in the morning and pick them up in the evening.
“We expect them to say yes sir and no sir and yes ma’am and no ma’am," Anderson said. “We don’t allow hats inside."
Most of the campers at River Bend are truly being introduced to outdoor sports for the first time, Brendle said.
“The majority of kids, during the last few years, have never held a firearm," he said. “If dad doesn’t do it, the kids never get the chance to do it."
Brendle likes the idea that the camp introduces youngsters to hunting. But he said there are other advantages to helping novice kids.
“The more inexperienced they are the better it is for us," Brendle said. “We can teach them the right way from the beginning."
For instance, Brendle said some fathers teach their kids that it is all right to keep the gun’s muzzle pointed at the ground. River Bend’s rules require shooters to keep their guns pointed up.
“Kids who have no training don’t have bad habits," Brendle said.
Kids who enjoy the camp often get their parents involved, Brendle said.
“When a son or daughter comes to this camp, we give them a reduced price quail hunt in October," Brendle said. “They bring their mom or dad. That’s how we get the family involved. The whole family will come back and start taking lessons."
Reach Robert DeWitt at [email protected] or at 205-722-0203.