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 Landrum, 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 Landrum 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 Landrum. 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 Landrum, 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 Landrum, 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 Landrum, 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 USLANDRUM — Nearly five months after Hurricane Helene's flood waters washed away his restaurant, CARO-Mi Dining Owner Dane Stafford is already preparing to open the popular restaurant in a different location.Set for a spring opening, the restaurant will be south of its former location. Stafford had looked at reopening somewher...
LANDRUM — Nearly five months after Hurricane Helene's flood waters washed away his restaurant, CARO-Mi Dining Owner Dane Stafford is already preparing to open the popular restaurant in a different location.
Set for a spring opening, the restaurant will be south of its former location. Stafford had looked at reopening somewhere in Polk County, N.C., near where the restaurant was formerly located near the Pacolet River. On Sept. 27, flooding shifted the restaurant off its foundation. The bridge connecting the parking lot to the restaurant was also washed away. It's been a trying time for Stafford as he always wanted to reopen his business which has remained a destination for customers not only from western North Carolina but also from across the Upstate.
"We didn't really know if we would be able to do something or not," Stafford said. "Right around that time I got a call from Jason Ashmore, who is a long-time customer and owns and manages property in Landrum. He told me about this building and said the previous restaurant owner had decided not to reopen."
Stafford jumped on the opportunity to see for himself what the building at 909 E. Rutherford St. in Landrum could become. It was originally a Pizza Hut and most recently housed The Pasta Station before it closed in 2024. At first he wasn't sure about taking his business outside of North Carolina. But of all the locations he visited, the building in Landrum looked like it would take less work to get up and running.
He's excited about the new opportunity.
The new location will have an outside patio and is not far from Interstate 26. Landrum is also experiencing growth, which Stafford hopes will drive even more customer to his restaurant.
The restaurant's former site on Highway 176 in Polk County has been sold and the restaurant building that was severely damaged by the storm has been removed by the property's new owners. Stafford said he never considered rebuilding at the site since it wasn't financially feasible to bring the old site back to life. Stafford admitted he's a bit nervous about the prospect of opening in a new place that doesn't have the same outdoor charm as the former location.
"It's still scary," he said. "We got spoiled before at the other location. It was steady and well established."
Stafford said customers have asked when he might reopen and where. He aims to open in the spring.
"Our new location will be not as far off the beaten path, will have easier access, and we might get more take-out orders," Stafford said. "I asked our customers if they would come to our new location and come as often as they did and they said yes."
Encouraging words from customers have lifted Stafford's spirits as he prepares to relaunch his business.
Most of the former employees from the Tryon location are expected to transfer to the restaurant's new location when it opens. Landrum is a popular tourist town near the border of North and South Carolina. Its downtown continues to flourish with new businesses.
Stafford said he's optimistic about his new start. CARO- Mi Dining has a long history. It was opened in Greenville County by Myrtle Mehaffey before it was moved to Polk County in 1957. His father, Charles, bought the business in 1990. It's been a family business ever since.
When it was damaged by flooding, there was no flood insurance on the property. While it made things more complicated, Stafford managed to find another way to rebuild in South Carolina. Stafford said he plans to install a sign soon outside the new location marking his new beginning.
He continues to work out the final details ahead of his reopening. Stafford spends most of his days at the new location mapping out his plan to bring the restaurant back.
"We aren't going to have the same atmosphere but we will definitely have the same food and the same hospitality," Stafford said.
Have you visited the quaint Stone Soup in Landrum, SC? The market and cafe has beautiful, comfortable seating indoors and out. We love the pretty garden-like setting outdoors, as well as the cozy and comfortable indoor seating. And, we loved the relaxed ambiance and friendly service. Here’s why you should add this spot to your list of great restaurants for a date night, or a relaxing meal out with friends and family.Look...
Have you visited the quaint Stone Soup in Landrum, SC? The market and cafe has beautiful, comfortable seating indoors and out. We love the pretty garden-like setting outdoors, as well as the cozy and comfortable indoor seating. And, we loved the relaxed ambiance and friendly service. Here’s why you should add this spot to your list of great restaurants for a date night, or a relaxing meal out with friends and family.
Looking for more restaurants near Greenville? Check out our Ultimate Guide to Restaurants, where you’ll find every cuisine!
Outdoors, and tables are set under shade awnings and a pavilion. There are both fans and heaters so the space can be enjoyed in a variety of weather. Indoors, cozy and comfortable tables are spread throughout a couple of smaller rooms of dining space with great big windows, allowing for easy conversation and a relaxed ambiance.
It is rather unusual for my husband and me, especially leaving the kids at home, to enjoy a drink, then an appetizer, a meal, and also stick around for coffee and dessert. But at Stone Soup we do because it was just that beautiful and relaxing. We probably spend an average of 2 hours on our date night meals at Stone Soup. The service was wonderful and we never once felt rushed. In fact, our waitress suggested at the end of our meal that we just keep sipping our coffee and take our time.
All that and we haven’t yet discussed the food. The menu at Stone Soup includes a wide variety of wood-fired pizzas, sandwiches, unique appetizers, and entrees, plus cocktails, and a small selection of the day’s desserts.
We ordered (and highly recommend) the Tuna Bites for an appetizer. It was gorgeous and delicious, The tuna bites are black sesame-crusted Rare Ahi Tuna, pickled ginger, wasabi cream, chopped red pepper, and green onions, on top of the lightest, crispiest wontons you’ve ever seen or tasted.
We ordered the tuna bites again on a second visit, and they were just as delicious!
For our meals, we’ve enjoyed sandwiches like their salmon BLT and a woodfired calzone. The bacon on that BLT was some of the thickest and tastiest I’ve had while the salmon was cooked perfectly. The calzone was massive and could have easily fed two people, which it didn’t because my husband loves calzones and ate the whole thing. It was just that good.
Dessert isn’t printed on the menu, but just ask your server for what they are offering that day. We intended to get one dessert and share it, but, on the day we went, they had both peanut butter pie and a chocolate flourless cake that may as well have been fudge. So, we got them both and we had no regrets.
Stone Soup also carries a selection of housemade baked goods, deli salads, and specialty items that can be purchased in their market. They also have housemade frozen casseroles to pick up and bring home.
Stone Soup1522 E. Rutherford StreetLandrum, SC864.457.5255
Tuesday through Saturday, 11:30 am – 8 pmClosed Sunday and Monday