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Estate Planning Attorney inIsle of Palms, 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 Isle of Palms, 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 Isle of Palms, 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 Isle of Palms, 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.

Estate Planning Attorney Isle Of Palms, SC The-Cobb-Dill-Hammett-Difference
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What Our Clients Say

What is Estate Planning in
Isle of Palms, 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.

Estate Planning Lawyer Isle Of Palms, SC
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 Isle of Palms, 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.

1.

Working with a Tax Advisor and Estate Planning
Attorney in Isle of Palms, 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.

Law Firm Isle Of Palms, SC
2.

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.

Estate Planning Law Isle Of Palms, SC
3.

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.

Estate Planning Attorney Isle Of Palms, SC

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 Isle of Palms, 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 Isle of Palms, 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:

1.

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 Isle of Palms, 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.

Estate Planning Lawyer Isle Of Palms, SC
2.

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.

Law Firm Isle Of Palms, SC
3.

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.

Estate Planning Law Isle Of Palms, SC

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 Isle of Palms, 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.

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Latest News Near Me Isle of Palms, SC

The Best Charleston Beaches

Charleston is a peninsula surrounded by water, but it isn’t necessarily a beach town, per se. If you’re after the best Charleston beaches, you’ll need to plan ahead to drive to visit one of the sea islands that flank the city. The decision will pay dividends, however, as each beach offers wide views to the horizon, the waters of the Atlantic Ocean, and plenty of space to enjoy both. Most on this list come ...

Charleston is a peninsula surrounded by water, but it isn’t necessarily a beach town, per se. If you’re after the best Charleston beaches, you’ll need to plan ahead to drive to visit one of the sea islands that flank the city. The decision will pay dividends, however, as each beach offers wide views to the horizon, the waters of the Atlantic Ocean, and plenty of space to enjoy both. Most on this list come with a “beach town,” to boot, from Edisto’s sleepy seafood shacks to live bands at the Windjammer as the sun sets on Isle of Palms.

Whatever you’re after, pack some sunscreen and keep these tips in your back pocket for assured fun in the sun: The later in the day you arrive, the more crowded it will be. If you are picky about your place on the sand, then go to Charleston beaches early. The combo of tourists who generally have later starts to the day plus locals who like to knock off work early to get a few hours of beach time equals an increase in traffic and a decrease in towel real estate nearest peak sunshine. Note that each beach has its own rules for parking, from Folly’s “wheels off the road” rule to Isle of Palms’ city operated lots. It’s a delicate dance between livable beach communities and visitor pressure, so respect and patience keep public access palatable for all.

Heads-up: drinking and smoking on most Charleston beaches is a big no no, and can cost you big time. It’s a rule that is consistently enforced, and most locals know someone (or have been someone) who came with beer or other alcoholic beverages in a beach tote and left with a tan and a fine of up to $1000. Also, note that vibes vary from beach to beach. Each one of Charleston’s beach towns has its own culture. While Folly Beach is a free-stylin’ hippie, Edisto is a genteel country cousin, and Isle of Palms a fun-loving student on spring break. This is, of course, a simplification, but can help with deciding which to-the-water trek most fits your interests.

Homeowner in Isle of Palms seawall case fired his attorneys, again. The trial is starting anyway.

An Isle of Palms homeowner will argue before a judge this week that the state's challenge to the retaining wall built behind his oceanfront home is null and void.The hearings for the case that has pitted Isle of Palms property owners Rom and Renee Reddy against the Department of Environmental Services will begin on May 6 in the state Administrative Law Court in Columbia, and are expected to last unti...

An Isle of Palms homeowner will argue before a judge this week that the state's challenge to the retaining wall built behind his oceanfront home is null and void.

The hearings for the case that has pitted Isle of Palms property owners Rom and Renee Reddy against the Department of Environmental Services will begin on May 6 in the state Administrative Law Court in Columbia, and are expected to last until May 8.

A clerk confirmed on May 5 that the hearings would be held the morning of May 6, despite a motion filed by the Reddys on April 30 asking for a 90-day continuance.

Reddy recently fired his team of lawyers from firm Williams Mullen. The termination came shortly after ALC Chief Justice Ralph Anderson denied the Reddys' motion for summary judgment on April 24, which would have bypassed the need for trial.

This is the second team of lawyers Reddy has fired. He parted ways with his original counsel from Finkel Law Firm in July 2024.

In the order, Anderson reaffirmed the state's authority to manage South Carolina beaches, including the power to issue permits for building in the critical area, a section of the shoreline where development and construction is limited.

In an email to Anderson on April 29, Reddy attributed the termination to an irreconcilable fee dispute. He filed a motion for a 90-day continuance, a delay to give him time to hire more lawyers. Reddy noted that no attorneys were willing to take up the case without at least three months to prepare for trial.

If the request was denied, the homeowner and founder of SC DOGE said he would appear and represent himself.

Opening statements are set to begin as scheduled on May 6.

DES filed a petition for injunctive relief in the Administrative Law Court in February 2024 after the state agency became aware of the ocean-facing wall behind the Reddys' home on the Isle of Palms. The state fined the homeowners $289,000 for the wall, which they say is an unauthorized structure in the protected area of the beach.

The Reddys' have fought against the state's claims, arguing that the definition of "critical area" is too vague, and questioned the constitutionality of the term. Reddy has characterized the legal proceedings as "tyranny."

"Ultimately, this is a question of whether a government can confiscate a private citizen's land in the name of environmental protection with no compensation," Reddy said in an April statement to The Post and Courier.

DES, joined by the Coastal Conservation League, will argue to uphold the state's jurisdiction over the beaches. They are also seeking to have the wall removed and the beach restored to its original state.

'Not justice but tyranny.' Judge reaffirms state authority over SC beaches ahead of seawall trial.

ISLE OF PALMS — A judge reaffirmed the Department of Environmental Services' authority over state beaches and denied a request for summary judgment in the Isle of Palms seawall case.The April 28 order from Administrative Law Court Chief Judge Ralph Anderson sets the stage for a trial to begin next week in Columbi...

ISLE OF PALMS — A judge reaffirmed the Department of Environmental Services' authority over state beaches and denied a request for summary judgment in the Isle of Palms seawall case.

The April 28 order from Administrative Law Court Chief Judge Ralph Anderson sets the stage for a trial to begin next week in Columbia where attorneys for Isle of Palms homeowners Rom and Renee Reddy will argue that the ocean-facing retaining wall they built was not constructed in the critical area of the beach, a section of the shoreline where development and construction is limited.

Whether the state's definition of the "critical area" is unconstitutionally vague will also be up for debate.

Over a year has passed since the case was filed by DES against the homeowners. In that time, the administrative law court allowed the Coastal Conservation League to intervene in the case. It also has given Reddy time to launch DOGE SC, a political action committee that advocates in reducing state agencies by half.

Attorneys for the Reddys filed a motion for summary judgment in March, asking the court to rule in favor of the homeowners and invalidate the state environmental agency's previous administrative orders against them, including a $289,000 civil penalty.

The environmental department asserts that the wall behind the Reddys' beachfront home near Breach Inlet was built within the critical area of the beach and ignored a handful of stop-work orders from the agency.

If granted, the summary judgment would have bypassed the need for a trial and render DES enforcement actions, like the fines and orders to remove the wall from the beach, invalid.

Judge Anderson declined to offer a summary judgment, instead reaffirming the department's authority over the state's beaches, including the power to issue permits for building in the critical area.

"Because the Department is the only state agency authorized to permit or deny alterations or utilizations within critical areas, it undeniably has jurisdiction over the Beach Critical Area," Anderson wrote in his order.

Hearings for the case are set to begin May 6.

Rom Reddy, in a written statement to The Post and Courier, said the denial for summary judgment was "no surprise," and that he fully expects Anderson to rule against him at trial.

"Article 1 of the SC constitution says I should 'enjoy the right to a speedy and public trial by an impartial jury' not a trial by a judge who is part of the unelected agency state that accused and convicted me of wrongdoing with no due process," Reddy said.

The homeowners maintain that the wall is outside the state's jurisdiction, and the litigation amounts to an unlawful taking of property.

"This is not justice but tyranny. Ultimately, this is a question of whether a government can confiscate a private citizen's land in the name of environmental protection with no compensation," Reddy said.

Leslie Lenhardt, an attorney for the South Carolina Environmental Law Project, said the Coastal Conservation League is pleased with the order. The law project is representing the conservation league in the case.

"Mr. and Mrs. Reddy were setting forth an argument that (environmental regulators) didn't have any authority to regulate or prohibit such a hard erosion control structure on the beach, on the public beach, and Judge Anderson very summarily rejected that argument," Lenhardt said. "While there are questions that remain, this is just a real positive move in the right direction."

SW+ tackles sea level rise on IOP

A collaborative push to address flood-prone areas of Isle of Palms and beach erosion on the back side of the island has seen SeamonWhiteside (SW+) pour their energies into recommending effective resilience measures.On the heels of offering a final presentation of their sea level rise strategy at the March Isle of Palms City Council meeting, SW+ reps Ryne Phillips and Colleen Williams have identified a key factor causing coastal erosion — septic systems....

A collaborative push to address flood-prone areas of Isle of Palms and beach erosion on the back side of the island has seen SeamonWhiteside (SW+) pour their energies into recommending effective resilience measures.

On the heels of offering a final presentation of their sea level rise strategy at the March Isle of Palms City Council meeting, SW+ reps Ryne Phillips and Colleen Williams have identified a key factor causing coastal erosion — septic systems.

These residential wastewater treatment and disposal mechanisms that are not connected to a public sewer system occupy most of the lowest areas on the island. It's in these parts, said Phillips, where much of the flooding and tidal inundation happens.

"You've got to get rid of septic systems so that they don't overflow and [bring] sewage. It's not just the flooding, it's a water quality public health issue," stated Phillips who serves as the SW+ Water Resources Team Leader.

The architecture and civil engineering firm is currently interfacing with the Isle of Palms Water & Sewer Commission in securing federal funding to get the island off septic systems and linked to a sewer network.

In addition to septic systems, recounted Williams, the City is working off its 2023 Master Plan focusing on drainage improvements. The plan features a multi-use path elevation project on Waterway Boulevard, as the City is in the process of acquiring a release from each abutting homeowner prior to breaking ground.

"So, what we tried to recommend were improvements that supported these ongoing efforts. So — three categories: programs, policies and projects. We talked about every new development be tapped into a sewer line, and not a septic field," Williams continued.

The SW+ Land Planner went on to detail green infrastructure solutions in terms of advising the City to require increased tree canopy to stabilize the soil and create pervious surfaces. In addition, Williams and her colleagues have recommended living shorelines, rain gardens and private incentive programs, all in the pursuit of dissipating flood water in an aesthetically pleasing manner.

SW+'s blueprint — formally adopted by City Council in March — projects what the firm "absolutely needs to happen" by 2040 in order to line up their stormwater infrastructure solutions by 2050.

Activities in progress to mitigate erosion include the constant replacement of lost sand spearheaded by Steven Traynum of Coastal Science & Engineering (CSE).

On that front, CSE is working alongside the US Army Corps of Engineers (USACE) to renourish the beach, particularly along Breach Inlet.

"The USACE is currently placing sand along the south end of the island as part of a beneficial use project to improve navigation of the intracoastal waterway," said Traynum in a email to the Moultrie News.

"They plan to place 550,000 cy (cubic yards) of sand over the course of several months, with most of the material being placed along the mid to low-tide beach. The project is likely to continue through most of the summer. The City has secured another contractor to redistribute some of this material into a restored dune between Breach Inlet and 10th Avenue. That work is ongoing and will likely be completed in early May."

One issue with that, Phillips noted, is the Army Corp's unique requirements for contractors to redistribute their sand. Those specifications from the federal agency have driven up prices for contractors "astronomically," according to Phillips.

"If you want to live on the beach, on the salt, on the Isle of Palms, where it erodes, they're going to invest millions and billions," reported Phillips. "The sea level rise, on the backside of the island and the marsh ... I think the real solution is preventing that tidewater from coming inland through pipes."

The Clemson grad went one step further in arguing in favor of prohibiting people to build in low-lying areas or, at the very least, require them fortify and elevate before construction.

On that note, Phillips credited the City for its earnest attempts to elevate, enhance land mass and preventing water from penetrating the island's interior.

"But you can't protect one little point, right? Like if there's one crack in the wall, the wall fails as a whole. And that's with most coastal cities, not just Isle of Palms," he explained. "We just randomly keep putting our finger on the cracks and more cracks keep forming."

Both Phillips and Williams suggested that the continued implementation of new gray infrastructure (roads, buildings, pipes) and green infrastructure will be instrumental in handling high tides.

Or more specifically, as Phillips observed, their mission will demand a balancing act of using traditional pipes to remove tidal water and green infrastructure (rain gardens, bioswales, etc.) to keep water from pooling and ponding along local roads.

Added Williams: "If we can reestablish some marsh on the backside of the island that helps prevent erosions, that helps slow down the influx of water."

To view SW+'s Sea Level Rise Adaptation Plan, visit https://www.iop.net/sea-level-rise-adaptation-plan.

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Estate Planning Attorney Isle Of Palms, SC
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