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 Folly Beach, 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 Folly Beach, 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 Folly Beach, 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 Folly Beach, 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 Folly Beach, 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 Folly Beach, 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 US; ;FOLLY BEACH, S.C. (WCBD) – Construction crews are set to begin underground work on the east side of Folly Beach.The broke ground this spring and is still in the early stages. However, the city wants residents and visitors to know there will be temporary water and utility service impacts from July 21-25 on 8th Street E and the first block of East Cooper Avenue. Officials told News 2 the main roadway on the island has been prone to flooding for years.“Center Street has been flooding on a regular basis for qu...
; ;
FOLLY BEACH, S.C. (WCBD) – Construction crews are set to begin underground work on the east side of Folly Beach.
The broke ground this spring and is still in the early stages. However, the city wants residents and visitors to know there will be temporary water and utility service impacts from July 21-25 on 8th Street E and the first block of East Cooper Avenue. Officials told News 2 the main roadway on the island has been prone to flooding for years.
“Center Street has been flooding on a regular basis for quite some time. It’s a pretty big impact for visitors and the businesses,” Eric Lutz, public works director of Folly Beach, said. “When it happens during the summertime, we’ll have a big rainstorm and high tide that will mess things up, especially near the traffic light.”
Officials said the project has been in the works for nearly 15 years, but this particular version started five years ago. The project will have larger stormwater pipes running down both sides of Center Street and on the east side of the island as well as new inlets. In line with the city’s green infrastructure plan, six rain gardens and 39 permeable parking spots will be added.
“That’ll be done with impervious material. It’s like the pavers that will let the water infiltrate into the ground, which actually takes away the amount of water that will go in the pipe,” Lutz said. “It increases the capacity of what we can handle out here. That will be up and down Center Street and a couple side streets as well.”
The project is funded by the South Carolina Infrastructure Improvement Program (SCIIP). Officials expect there to be some inconveniences such as different traffic patterns, pedestrian walkways, and business access. However, Lutz said it will be well worth it once complete.
“It should be huge. We should see a big difference because you won’t have that critical flooding down there at that intersection. That gets really bad right now sometimes, hopefully this will minimize to make it ankle deep instead of knee deep,” said Lutz.
FOLLY BEACH, S.C. (WCSC) — DJ Rich is projected to win the Folly Beach City Council special election.“I’m excited to get back on and help share my knowledge and history with everybody and then make sure that you know we keep moving forward responsibly,” Rich said. “It was a great day. Saw a lot of people, a lot of positive comments. So yeah, we’re just we’re excited, ready to go to work.”This special election brought in a total of 855 votes; residents making their voices heard on ...
FOLLY BEACH, S.C. (WCSC) — DJ Rich is projected to win the Folly Beach City Council special election.
“I’m excited to get back on and help share my knowledge and history with everybody and then make sure that you know we keep moving forward responsibly,” Rich said. “It was a great day. Saw a lot of people, a lot of positive comments. So yeah, we’re just we’re excited, ready to go to work.”
This special election brought in a total of 855 votes; residents making their voices heard on who they want to represent their community.
“Many people think that Folly Beach is just as, you know, it’s a one-issue town on the short-term rentals and so much more than that, too. It’s beach re-nourishment,” Folly Beach resident Nick Thomas said. “It’s our parks. It’s our infrastructure. And he’s so experienced. He brings that to the table. He wasn’t about one issue and that’s really what’s going to make the difference to help Folly grow.”
One resident explained why it’s important to come out and vote.
“Democracy is not a spectator sport. I mean, you can’t complain about your local government if you don’t participate,” Folly Beach resident Larry Powers said. “I am always making my policy to know who my elected officials are and help people with their campaigns here, go to council meetings. I mean, you’ve got to participate in the process because otherwise you don’t have a right to complain.”
With 499 votes, Rich is ahead of John McFarland, who received 355 votes, in a contest for the seat vacated by Chris Bizzell’s promotion to mayor.
Rich, a Folly Beach native, says his history and experience can help lead the way to make sure Folly Beach progresses responsibly. He is the owner of Planet Follywood and says he has a unique perspective to bring to the council in representing the community.
“He has just put so much faith and dedication into this community,” resident Jill Sneed said.
“Feel that the DJ will give us consideration and a voice in our concerns,” another resident, Jeannette Perna, said.
As Rich celebrated with the community, he shared his vision for what he hopes to see for Folly Beach.
“Addressing our parks, making sure they’re up to date, and they’re adequate for all the age range of children, increasing our community events. We have senior citizens’ yoga and things like that. Make sure we’re hitting all our demographics, so everybody feels represented and has something to do,” Rich said.
Below are the unofficial election results:
Residents say the fact that Rich is a small local business owner gives him a unique perspective on the council.
“Being a business owner on Center Street every day, we see things quicker if something’s a problem, we can address it faster. We’re right here, so we’re in direct contact with people all the time with residents. You know, they can get to me and talk to me about any problem they’re having,” Rich said.
Other key issues included improving pedestrian safety and sidewalks, beach renourishment, and flood mitigation. In this special election, the big-ticket item was indeed short-term rentals.
“We’ve been so divided with the short-term rentals. And I think we need a compromise and I think he’s a good person that can maybe help us get that,” Sneed said.
Overall, with Rich’s experience and community involvement, residents say they trust him to hold this council seat.
“He brings that Folly touch to it to help keep Folly funky. And it’s a very important part for us to continue to grow as that community that everyone knows,” Sneed added.
Rich will serve until November 2027. The county council is scheduled to officially certify the official results Thursday, with a swear-in ceremony planned for sometime next week.
“It’s important to be a community member. I think that was shown a lot tonight. You know, you have to be a part of the community and then the community’s been here for me for a long time,” Rich said. “I love this place, I love the people in it. It’s just a great place. We all come together. We can do great things.” Rich said.
FOLLY BEACH, S.C. (WCSC) — Folly Beach was transformed for its annual “Savory Saturday” event for Taste of Folly, bringing food and fun to the community.“Get a nice sampling of what this town has to offer. You know, we’ve got a very collection of food all over every part of this town. So we would finally like to show off as well,” co-owner of Planet Follywood DJ Rich said.Over 80 vendors and local restaurants turned the streets of downtown Folly into a food lover’s paradise.&ldqu...
FOLLY BEACH, S.C. (WCSC) — Folly Beach was transformed for its annual “Savory Saturday” event for Taste of Folly, bringing food and fun to the community.
“Get a nice sampling of what this town has to offer. You know, we’ve got a very collection of food all over every part of this town. So we would finally like to show off as well,” co-owner of Planet Follywood DJ Rich said.
Over 80 vendors and local restaurants turned the streets of downtown Folly into a food lover’s paradise.
“Food is another way of bringing people close, and when you’re eating good food and talking to good people, just makes for a good experience,” Marquise Bowens, chef and James Island resident, said.
There was plenty of seafood, different cuisines and even bacon on a stick.
“Places offer discounts to feature things, and you get to sample all kinds of different options from different restaurants you wouldn’t normally have. So you really find out what your town has to offer, and you get to go back and check it out more, you know, throughout the year,” Rich said.
“I’m passionate about cooking, and it makes me happy that they love it,” China King, owner of Sweet but Not So Sweet Gourmet Brownies, said.
And Taste of Folly didn’t just offer food; there were plenty of art and clothing vendors, too.
“We just wanted to find ways to kind of boost the economy and help all of our hard-working businesses out here,” Kelly Travers, Folly Association of Business Event Coordinator, said.
And local businesses say events like this help during the off-season.
“Business is down, you know, in January. It’s just really a kind of a boring month after the holidays. So it’s always nice to get a little boost with these street festivals,” Rich said.
While business was flowing, kids got to make pasta and play pots and pans percussion, and live music kept the energy high all day. There was even a hot dog-eating competition.
“There’s all kinds of small businesses out here, food to taste, talent to show, and it’s just a really fun environment,” Emma Amman, chef juggler of Good Clean Fun, said.
Taste of Folly showed how food can bring the community together, making a positive impact all around.
“This is our livelihood. We do this 24/7,” King said.
“My neighbor set up next to me here has been my neighbor for over 30 years, too, and she’s an artist as well. So, it makes for a great day,” Kelly Cane Wood, owner of UTH Art, said.
It's only 12 miles south of Charleston's historic homes and manicured window boxes, but the salty little town of Folly Beach ditches the Holy City's refinement in favor of an easygoing, barefoot sensibility that feels a bit more California than Carolina. Known to locals as the Edge of America, the super chill surf town is everything a beach town should be. Surf shops line the main drag; cover-ups count as appropriate lunch attire; and nobody takes themselves too seriously (they drop a pair of LED-lit flip-flops to celebrate New Year's Eve). ...
It's only 12 miles south of Charleston's historic homes and manicured window boxes, but the salty little town of Folly Beach ditches the Holy City's refinement in favor of an easygoing, barefoot sensibility that feels a bit more California than Carolina. Known to locals as the Edge of America, the super chill surf town is everything a beach town should be. Surf shops line the main drag; cover-ups count as appropriate lunch attire; and nobody takes themselves too seriously (they drop a pair of LED-lit flip-flops to celebrate New Year's Eve). Here's where to stay, eat, relax, and play in Folly Beach, South Carolina.
For a feels-like-home experience coupled with the charm and convenience of a boutique hotel, book The Regatta Inn. Complimentary breakfast and happy hour are provided daily, plus a free shuttle to the beach. Its best amenity of all, though, is the view: a spectacular vantage of Folly River and the surrounding marshland.
, 64 West 9th Street Extension, Folly Beach, SC 29439
Every single room at Tides Folly Beach comes with an ocean view. Perched at the end of Center Street, the town's main thoroughfare, the hotel is steps from both the beach and an array of local shops and eateries. There's plenty on-site for a relaxing getaway, including a heated oceanfront pool, tiki bar and lounge, and a beach bar and grill.
, 1 Center Street, Folly Beach, SC 29439
Looking for a stay with a kitchen and living space that feels like a home away from home? For families looking to stretch out a bit more, there are a boatload of rentals to choose from: Opt for oceanfront properties that will sleep a crowd or cozy cottages with marsh and Folly River views. And for people who wouldn't dream of traveling without their four-legged companions, there are plenty of pet-friendly rentals too.
You won't go hungry on this island. Fuel up for the day at Lost Dog Café, a local staple that serves coffee and all-day breakfast (so you can sleep in as long as you'd like). Don't miss their eggs Benedict, which they top with fried green tomatoes.
, 106 West Huron Avenue, Folly Beach, SC 29439
Fish tacos, Vietnamese-inspired lettuce wraps, and Cuban sandwiches all have a place on the colorful menu at Chico Feo, where the vibe is equally colorful. Its menu focuses on food from local farmers and fishermen. If you're in town for the wave riding, be sure to check out their website's Surf Report, complete with a live video stream.
, 122 East Ashley Avenue, Folly Beach, SC 29439
Don't let the easygoing atmosphere fool you: Rita's Seaside Grille is serious about its food and its cocktails. Order casual beach fare like burgers, sandwiches, tacos, and nachos, or opt for splurge-worthy entrees like steak, salmon, and seafood. Try one of the Signature Crushes, fruity sippers with flavored liquors that pack a punch.
, 2 Center Street, Folly Beach, SC 29439
End the night at Sand Dollar Social Club, a dive bar where you're invited to come as you are, so long as you're a member; membership costs $1, so bring your cash (you won't find a credit card machine here). Order from the bar, play pool or Ping-Pong, and take in the live music.
7 Center Street, Folly Beach, SC 29412
Though technically not on Folly (it's about two miles away), you'd be remiss to make a trip all this way without carving out time for a meal at Bowens Island Restaurant, a family-owned joint where the walls are graffitied, and the oysters are locally harvested. Start your meal with Southern favorites like pimiento cheese, fried green tomatoes, and boiled peanuts. Seafood platters are served with fries, hush puppies, and coleslaw.
, 1870 Bowens Island Road, Charleston, SC 29412
The island's six miles of beachfront are its main attraction, and it'd be easy to while away a week with no plans beyond putting your toes in the sand. Spend a day shelling, sunning, surfing, or searching for shark teeth. The Folly Beach County Park has everything you need for a day at the beach: parking, restrooms, changing areas, a boardwalk, accessible ramps, a picnic area, and a snack bar.
Note that Folly Beach County Park has 225 parking spots, and it usually fills to capacity by 10:30 a.m. on the weekends and holidays. We advise getting there early, otherwise, you can park at the City of Folly Beach parking lots on West Ashley Avenue.
, 1100 West Ashley Avenue, Folly Beach, SC 29439
At the northern end of Folly Beach, the Morris Island Lighthouse provides a stunning backdrop from the shore. Get a closer look from the Lighthouse Inlet Heritage Preserve or via kayak. Several guided tours leave from Folly Beach to visit Morris Island for shelling, photography, and lighthouse history. The historic lighthouse is not open for viewing. How close you can get to the lighthouse depends on the tides.
, 1750 East Ashley Avenue, Folly Beach, SC 29439
Pack your fishing poles (or rent one) to test your fishing luck off the beloved Folly Beach Pier, which reopened in December 2022 after extensive renovations. If you're visiting in the summer, put on your dancing shoes—flip-flops count—and head back to the pier for one of the Moonlight Mixers, a music-filled family event held once monthly, May through September.
, 101 East Arctic Avenue, Folly Beach, SC 29439, 101 East Arctic Avenue, Folly Beach, SC 29439
For those looking to build an action-packed itinerary, there are plenty of activities that highlight the destination's natural beauty: Book a guided kayak tour with Charleston Outdoor Adventures, rent a stand-up paddleboard to explore the tidal creeks, or hop on a boat to discover uninhabited beachfront, where you can look for sharks' teeth and other fossils. You can also book a fishing charter or tour a Charleston oyster farm.
, 1871 Bowens Island Road, Charleston, SC 29412
Stop by McKevlin's Surf Shop, South Carolina's oldest surfing outfitter, to peruse their selection of gear. You can also rent a surf or body board from the shop if you don't have one of your own; first-timers should consult their recommended list of surf instructors for lessons before heading out. Once you've got it down, catch some of the area's best waves at The Washout, a favorite local surf spot, or take a seat on the beach and see how the local pros do it.
, 8 Center Street, Folly Beach, SC 29439
One of the best ways to explore the island is by bike, because most of the island is residential and has little to no traffic. Folly Beach Bike Rentals offers free bike delivery, as well as bikes and beach gear.