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Estate Planning Attorney inNorth Charleston, 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 North Charleston, 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 North Charleston, 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 North Charleston, 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 North Charleston, SC The-Cobb-Dill-Hammett-Difference
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What Our Clients Say

What is Estate Planning in
North Charleston, 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 North Charleston, 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 North Charleston, 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 North Charleston, 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 North Charleston, 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 North Charleston, 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 North Charleston, 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 North Charleston, 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 North Charleston, 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 North Charleston, 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 North Charleston, 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 North Charleston, 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 North Charleston, 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 North Charleston, SC, your trust can also:

Protect Your Legacy:

When constructed properly, a trust can protect your estate from your heirs' creditors. This can be a huge relief for beneficiaries who might need to brush up on money management skills.

Privacy and Probate:

Probate records are made available for public consumption. With a trust, you may have the choice of having your assets pass outside of probate court so that they remain private. In the process, you may also save money that you would lose to taxes and court fees.

Control Wealth:

Because you can specify the exact terms of a trust, you have more control over who receives your assets and when they receive them. As an example, you can set up a revocable trust so that your assets are attainable while you're alive. When you pass, remaining assets are distributed, even in complex situations involving children from multiple marriages.

The Top Estate Planning Law Firm in the Lowcountry

If you know that you need to provide for your family and loved ones after your death, it's time to develop your estate plan. With Cobb Hammett Law Firm by your side, planning your estate doesn't have to be difficult. However, it does need to be accurate and executed exactly to your wishes something that we have been helping clients achieve for years. Don't leave your legacy up to chance contact our office today and secure your future generations.

CONTACT US

Latest News in North Charleston, SC

Boeing breaks ground on $1 billion 787 expansion in South Carolina

Boeing has begun a $1 billion expansion of its 787 Dreamliner facilities in North Charleston, South Carolina, as it prepares to raise production to 10 aircraft per month in 2026.The site, which handles fabrication, final assembly, and delivery of all Dreamliner variants, will gain a second 1.2 million-square-foot final assembly building, new support facilities, and additional flight line capacity.Boeing said the project will create around 1,000 new jobs over five years and employ 2,500 construction workers during the build phas...

Boeing has begun a $1 billion expansion of its 787 Dreamliner facilities in North Charleston, South Carolina, as it prepares to raise production to 10 aircraft per month in 2026.

The site, which handles fabrication, final assembly, and delivery of all Dreamliner variants, will gain a second 1.2 million-square-foot final assembly building, new support facilities, and additional flight line capacity.

Boeing said the project will create around 1,000 new jobs over five years and employ 2,500 construction workers during the build phase. The work is managed by HITT Contracting and BE&K Building Group.

Expanding South Carolina operations

The expansion will extend across Boeing’s main campus near Charleston International Airport and a second site in the region. The company plans to build:

Boeing currently employs more than 8,200 people in South Carolina across North Charleston and Orangeburg, where it manufactures and assembles major 787 structures, including the aft and mid-fuselage sections. The first Dreamliner built in South Carolina rolled out in 2012.

Driven by strong demand

Boeing has delivered more than 1,200 Dreamliners to date and holds nearly 1,000 unfilled orders. The company expects long-haul travel recovery to sustain demand for the widebody family, which has received over 2,250 orders from around 90 customers.

“We continue to see strong demand for the 787 Dreamliner family and its efficiency and versatility,” said Boeing Commercial Airplanes CEO Stephanie Pope, calling the project a renewed commitment to South Carolina’s aerospace sector.

The groundbreaking was attended by state and federal officials, including Governor Henry McMaster and Senator Lindsey Graham, who called the expansion a “vote of confidence” in the local workforce.

The project forms part of Boeing’s wider plan to ramp up 787 output while restoring stability to its widebody programs. Once complete, the site will support sustained higher production rates and greater flexibility across the 787 line.

Boeing South Carolina breaks ground on North Charleston facility expansion

NORTH CHARLESTON, S.C. (WCSC) - Boeing South Carolina plans to increase production with a facility expansion.Officials with Boeing South Carolina broke ground on a facility expansion in North Charleston on Friday afternoon.The company produces the 787 Dreamliner across South Carolina campuses. The new 1.2 million-square-foot site will work as a final assembly building for airplane production, production support and office space.The more than $1 billion expansion will increase production to a rate of 10 airplanes per mont...

NORTH CHARLESTON, S.C. (WCSC) - Boeing South Carolina plans to increase production with a facility expansion.

Officials with Boeing South Carolina broke ground on a facility expansion in North Charleston on Friday afternoon.

The company produces the 787 Dreamliner across South Carolina campuses. The new 1.2 million-square-foot site will work as a final assembly building for airplane production, production support and office space.

The more than $1 billion expansion will increase production to a rate of 10 airplanes per month in 2026.

Governor Henry McMaster, along with U.S. Representatives Jim Clyburn and Nancy Mace and Joe Wilson, attended the groundbreaking.

U.S. Secretary of Treasury Scott Bessent calls the expansion a testament to President Donald Trump’s economic agenda.

“I think South Carolina and this Boeing plant is the model for President Trump’s economic agenda in terms of reindustrializing America,” Bessent says. “We have gotten out of the business of building things, manufacturing, and we are bringing that back home.”

Boeing leader of 787 Final Assembly Caroline Hilton McDougal says this expansion is an opportunity for the company to reach former production heights.

“During COVID, we went from the program being at rate 14 all the way down to basically being at 1 or 2 airplanes a month, and now we’re on our way back up,” McDougal says. “When we roll out, get back up to the rates that we previously been at, this is going to be the best place in the world that builds wide-body airplanes.”

The facility is designed to support the increasing market demand of more than 2,500 orders from 90 customers worldwide. The company already has more than 300 orders this year. Officials expect a future demand of 7,800 widebody airplanes over the next 20 years.

An estimated 1,000 new jobs will be created over the next five years from the development.

An additional 2,500 jobs are expected to be filled for the site’s construction. Over 6.2 million construction hours will be completed through HITT Contracting and BE&K Building Group.

Boeing breaks ground on $1 billion expansion, promising 1,000 new jobs

NORTH CHARLESTON, S.C. (WCIV) — Boeing on Friday celebrated the groundbreaking of a $1 billion expansion at its Boeing South Carolina campus, marking a major milestone for the 787 Dreamliner program and the state’s growing aerospace industry.The expansion will add more than one million square feet to Boeing’s footprint in North Charleston, supporting plans to increase 787 Dreamliner production to 10 airplanes per month by 2026. Company officials said the project will create more than 1,000 new jobs in the Lowcountry....

NORTH CHARLESTON, S.C. (WCIV) — Boeing on Friday celebrated the groundbreaking of a $1 billion expansion at its Boeing South Carolina campus, marking a major milestone for the 787 Dreamliner program and the state’s growing aerospace industry.

The expansion will add more than one million square feet to Boeing’s footprint in North Charleston, supporting plans to increase 787 Dreamliner production to 10 airplanes per month by 2026. Company officials said the project will create more than 1,000 new jobs in the Lowcountry.

“We are proud to work alongside American businesses to build the world’s greatest products," said U.S. Treasury Secretary Scott Bessent, "create high-paying jobs, and safeguard our nation’s economic and industrial strength.”

Boeing first announced the expansion plans in late 2024, outlining a series of upgrades to its South Carolina operations near Charleston International Airport and a second campus in North Charleston. The project includes a new final assembly building, new parts preparation and vertical fin paint facilities, expanded flight line stalls, and additions to the Interiors Responsibility Center.

Construction is led by a joint venture and is expected to employ 2,500 workers and totaling over 6.2 million construction hours, company officials said.

"The new South Carolina, it's the New South and it's the wave of states where it's easy to do business, have great workforces, or you know, there're states where people are fleeing," Bessent said.

Gov. Henry McMaster called the investment “a tremendous vote of confidence in our state’s people and business climate.”

“This $1 billion expansion and 1,000 new jobs will strengthen our position as a global leader in aerospace and advanced manufacturing,” McMaster added.

U.S. Senators Lindsey Graham and Tim Scott, along with U.S. Rep. James Clyburn, also praised Boeing’s continued commitment to South Carolina, citing the company’s role in job creation and innovation.

Since opening in 2009, Boeing South Carolina has grown into one of the state’s largest manufacturing centers, employing more than 8,200 people across its North Charleston and Orangeburg campuses.

Workers there fabricate, assemble, and deliver the 787-8, 787-9, and 787-10 Dreamliners to customers worldwide. With more than 1,200 Dreamliners delivered and nearly 1,000 aircraft in backlog, including 300 new orders this year, the 787 remains the best-selling widebody passenger jet in history.

Boeing’s latest market outlook projects airlines will need 7,800 new widebody airplanes globally over the next 20 years.

Officials said the expansion reaffirms Boeing’s long-term commitment to South Carolina and its role in shaping the state’s future as a hub for advanced aerospace manufacturing.

Boeing South Carolina Breaks Ground on 787 Site Expansion

In late 2024, Boeing announced plans to expand and upgrade its site near Charleston International Airport and a second campus. The company is investing more than $1 billion in this infrastructure program and plans to create more than 1,000 new jobs over the next five years. The expansion will include:The construction effort will employ more than 2,500 people with over 6.2 million construction hours from the joint venture of HITT Contracting and BE&K Building Group.Ninety customers from around the world have placed more than...

In late 2024, Boeing announced plans to expand and upgrade its site near Charleston International Airport and a second campus. The company is investing more than $1 billion in this infrastructure program and plans to create more than 1,000 new jobs over the next five years. The expansion will include:

The construction effort will employ more than 2,500 people with over 6.2 million construction hours from the joint venture of HITT Contracting and BE&K Building Group.

Ninety customers from around the world have placed more than 2,250 orders for the 787 Dreamliner family, making it the best-selling widebody passenger airplane of all time.

After more than 1,200 deliveries, the 787 backlog stands at nearly 1,000 airplanes, including more than 300 orders added just this year. In all, the commercial aviation industry is expected to need more than 7,800 new widebody airplanes over the next two decades, according to Boeing's Commercial Market Outlook.

"We continue to see strong demand for the 787 Dreamliner family and its market-leading efficiency and versatility. We are making this significant investment today to ensure Boeing is ready to meet our customer's needs in the years and decades ahead, said Stephanie Pope, president and CEO of Boeing Commercial Airplanes. "This site expansion is a testament to the incredible work of our Boeing teammates and deepens our commitment to them, to South Carolina, and to American manufacturing."

For more than a decade, BSC has been the home of the full 787 Dreamliner production cycle. Teammates fabricate, assemble and deliver the three Dreamliner models – 787-8, 787-9 and 787-10 – to customers around the world. The company established operations in South Carolina in 2009 and currently employs more than 8,200 people across its campuses in North Charleston and in Orangeburg.

"With visionary leadership, President Trump is restoring America's industrial base and breathing life back into our great manufacturing states, including the great state of South Carolina," said U.S. Treasury Secretary Scott Bessent. "We are proud to work alongside American businesses to build the world's greatest products, create high-paying jobs, and safeguard the economic and national security of our nation."

"Boeing's continued investment in South Carolina is a tremendous vote of confidence in our state's people and business climate," said South Carolina Governor Henry McMaster. "This $1 billion expansion and the creation of 1,000 new jobs will strengthen our position as a global leader in aerospace and advanced manufacturing. We are grateful for Boeing's partnership and commitment to the Lowcountry, which will bring new opportunities and economic prosperity across our state."

"Boeing's decision to dramatically increase production capability of the 787 in Charleston is the ultimate vote of confidence for the South Carolina workforce," said U.S. Senator Lindsey Graham. "I'm so pleased that Boeing is putting its money where its mouth is when it comes to South Carolina. The Boeing employees in our state have proven that they are worth the investment. This expanded production will create more jobs and ensure the viability of Boeing in South Carolina for decades to come."

"Today's groundbreaking represents a significant milestone not just for Boeing but for the state of South Carolina," said U.S. Senator Tim Scott. "This expansion will create more than a thousand quality jobs and reinforce our state's leadership in developing a strong workforce and pro-business environment. I look forward to the opportunities and prosperity this investment will bring to the Lowcountry and beyond."

"The expansion of the Boeing plant in North Charleston is welcome news," said U.S. Congressman Jim Clyburn. "Boeing has positioned South Carolina as a leader in the manufacturing and aerospace industry, and has created unprecedented opportunity for our workforce. This new expansion will create 1,000 new jobs. I'm thrilled for this next phase of growth, and look forward to our continuing partnership."

Imagery will be available on the Boeing Media Asset Portal following the event by 4:00 p.m. Eastern.

About Boeing:A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity.

About BE&K | HITT Joint Venture:HITT Contracting, a top national commercial construction firm with offices in 14 U.S. markets, including Charleston, and BE&K Building Group, a leading national design-build and construction management firm specializing in aviation and aerospace construction, are partnering to deliver the infrastructure upgrade. BE&K | HITT will serve as the construction manager for the project, with BRPH as the architect of record.

SOURCE Boeing

New law to expand affordable housing in some of SC’s fastest-growing areas

NORTH CHARLESTON, S.C. (WCSC) - Around South Carolina, military bases that are no longer in use are being transformed into new projects for the whole community.Those developments are getting a new tool to help that happen while creating more affordable places to live in some of South Carolina’s fastest-growing areas.“This tax increment funding that our legislature has made available is opening a lot of doors,” Gov. Henry McMaster said Thursday.McMaster joined state lawmakers and local leaders to mark th...

NORTH CHARLESTON, S.C. (WCSC) - Around South Carolina, military bases that are no longer in use are being transformed into new projects for the whole community.

Those developments are getting a new tool to help that happen while creating more affordable places to live in some of South Carolina’s fastest-growing areas.

“This tax increment funding that our legislature has made available is opening a lot of doors,” Gov. Henry McMaster said Thursday.

McMaster joined state lawmakers and local leaders to mark the implementation of a new state law, gathering inside what used to be a storehouse aboard the former Charleston Naval Base in North Charleston. The military base was once South Carolina’s largest civilian employer, but since its closure in 1996, there has been work to give the area new life.

The former base site is part of a tax increment financing, or TIF, district, which local governments use to invest in infrastructure improvements in run-down or abandoned areas. Then they pay it off from increased property tax revenues that result from that redevelopment.

“The revenue that’s generated from taxes can be reinvested right in the same community, accelerate the expansion, accelerate the development, and help them achieve some of the long-term goals a little faster,” Sen. Sean Bennett, R – Dorchester, said.

This new law now allows the tax revenues in TIFs at old military base sites to be used to build affordable housing.

“This law sets the redevelopment of a former Navy base on a new path, one that strengthens our connection to the military, supports new infrastructure, and creates opportunities that will benefit families, businesses, and communities across South Carolina,” North Charleston Mayor Reggie Burgess said.

The change, which has been in effect since July 1, applies to the three former military base TIFs in South Carolina, two of which are in some of the state’s fastest-growing areas, at the Charleston Naval Base Complex and the former Myrtle Beach Air Force Base, along with the Savannah River Site Redevelopment Authority.

But state leaders said this change will also help South Carolina more broadly.

“Anytime the Charleston area grows, it generates more revenue, ultimately more tax revenue, growth, that’s always going to help the other communities. Hopefully spread out some concentration of tourism and housing and those sorts of things,” Bennett said.

The new law also allows defense operations that are still located at the former naval base site to be moved to a different, secure location in the Lowcountry.

Copyright 2025 WCSC. All rights reserved.

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Estate Planning Attorney North Charleston, SC
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