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 Ridgeland, 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 Ridgeland, 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 Ridgeland, 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 Ridgeland, 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 Ridgeland, 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 Ridgeland, 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 USRIDGELAND, S.C. —A World War II veteran reached a milestone few will ever see, celebrating his 100th birthday surrounded by family, friends and fellow veterans at Operation Patriots FOB in Ridgeland, South Carolina.Sam Hollis, drafted into the Army at 17, served in the European Theater in Normandy, France, as part of a Replacement and Supply Command, supporting frontline troops.The celebration drew a crowd of well-wishers who lined the property with flags and cheers, including Hollis’ daughte...
RIDGELAND, S.C. —
A World War II veteran reached a milestone few will ever see, celebrating his 100th birthday surrounded by family, friends and fellow veterans at Operation Patriots FOB in Ridgeland, South Carolina.
Sam Hollis, drafted into the Army at 17, served in the European Theater in Normandy, France, as part of a Replacement and Supply Command, supporting frontline troops.
The celebration drew a crowd of well-wishers who lined the property with flags and cheers, including Hollis’ daughter, Kathryn Hollis Peters.
“The perseverance that he had, the dedication that he had, the love that he had for his country, for his family…he just didn’t know any other way than to make it happen,” Peters said.
Hollis, who has been married to his wife Mary for 69 years, said his greatest pride comes from his family. Asked for the secret to a long life, he said,
“Keep trucking along. Don’t give up. And live the best life you can, and with God’s help, you know that everybody gets through it in one way or the other.” said Hollis
JR Brown, founder and CEO of Operation Patriots FOB, a nonprofit supporting veterans, said Hollis represents a vanishing generation.
“There’s not a lot of World War II veterans left. He is representing all of those men and women that served in that war,” Brown said.
Operation Patriots FOB, which celebrates its fifth anniversary this month, has welcomed more than 40,000 visitors to its property and has reported zero suicides among the veterans it serves.
Hollis is scheduled to be the guest of honor at the nonprofit’s “Dinner for the Heroes” in Hilton Head on Nov. 8.
Tickets to support the event are available here.
RIDGELAND, SC (WTOC) - For over a decade, Hardeeville and Ridgeland were united as one. That changed last year when the two schools split. But this year will be the first time their football teams face off since that split. And as this week’s Game of the Week, WTOC will have all of the action from it on The End Zone Friday night.Hardeeville enters the matchup on a four-game losing skid, but while the wins have been tough to find, the team feels they continue to improve week after week.A new twist to the lineup this Friday...
RIDGELAND, SC (WTOC) - For over a decade, Hardeeville and Ridgeland were united as one. That changed last year when the two schools split. But this year will be the first time their football teams face off since that split. And as this week’s Game of the Week, WTOC will have all of the action from it on The End Zone Friday night.
Hardeeville enters the matchup on a four-game losing skid, but while the wins have been tough to find, the team feels they continue to improve week after week.
A new twist to the lineup this Friday features freshman quarterback Kyrin Jamison starting under center, a move his teammates and coaching staff have full confidence in, as they head into this crosstown rivalry in search of a much-needed win.
“A win Friday night would be huge, not simply because of the rivalry, but it’s also a region game, and that’s the most important thing that we are striving for, is to do well in the region because that’s a big implication on playoff seedings,” said Hardeeville head coach Arthur Gardner. “But of course, you can’t undermine the rivalry.”
“It’s the big talk around town this week,” said Hardeeville senior receiver and cornerback Camari Brown. “It’s been the big talk since the summer, so I feel like it will mean a lot to all of us. Every time (we’re) in school, we’re always saying we’re waiting for Ridgeland, and we’re ready for the game. Everybody is just ready for Friday.”
Over on the home sideline, Ridgeland is just as amped up for the first installment of this rivalry game, but they’re doing their best to keep a level head and approach it as any other region game.
The Jaguars got their first win of the season in dominant fashion last week (a 70-20 win over Burke) and will be hoping to ride that momentum into Friday’s matchup.
Head coach Reginald Alexander said he was happy to see his team’s run game come alive last week, but he still needs his guys to fine-tune other aspects of the game.
“(We need to be) a little bit more disciplined,” said Alexander. “We’re still making little mistakes -- missing a block here, pick up a penalty here. I’d really like to see that cleaned up. We’ve been telling them all week, we understand you have friends over there, we understand you guys hang out together, but at the end of the say, we do have a game to play, so keep it level, just follow the rules, and play the game.”
“There’s always work to be done,” said Ridgeland senior linebacker Michael Rodriguez. “Like Coach says, stay disciplined, stay level-headed, put the work in day in and day out, and we should be fine.”
Kickoff between Hardeeville and Ridgeland is set for 7:30 p.m. at Jaguar Stadium.
RIDGELAND — Town Manager Dennis Averkin sounded like he was ready to bring the issue to a close, one way or the other.He opened the Sept. 18 town council meeting noting that it had been two years, 11 months and 12 days since the first public hearing on a proposed annexation of the Tickton Hall property. But who’s counting?“We’re gathered here tonight to consider this,” Averkin said.The “this” he was referring to was a trio of requests related to the annexation and development of ...
RIDGELAND — Town Manager Dennis Averkin sounded like he was ready to bring the issue to a close, one way or the other.
He opened the Sept. 18 town council meeting noting that it had been two years, 11 months and 12 days since the first public hearing on a proposed annexation of the Tickton Hall property. But who’s counting?
“We’re gathered here tonight to consider this,” Averkin said.
The “this” he was referring to was a trio of requests related to the annexation and development of the 1,400-acre Tickton Hall property in Jasper County. Despite nearly three years of consideration, the matter never made it as far as an up-or-down vote by council.
After a contentious meeting on the project in late July, Averkin told The Post and Courier that he was ready for a decision.
The plan for Tickton Hall, which was spearheaded by Hilton Head-based developer Robert Graves, called for about 2,000 homes and 250,000 square feet of commercial space on the parcel bordered to the west by S.C. Highway 462, to the south by Bolan Hall Road and limited on the north and east sides by Euhaw Creek.
It’s a verdant, wooded property in a mostly rural corner of Jasper County that’s notable as the home of South Carolina’s newest state forest. Following The Nature Conservancy’s acquisition of 2,700 acres of the Chelsea Plantation just to the south of Tickton Hall, the S.C. Forestry Commission will take ownership of the property and eventually open it to public recreation.
Like Tickton, Chelsea also was targeted by a years-long development effort until the purchase by the conservancy took the property off the chopping block.
Tickton’s location was a source of concern for opponents of the plan. Located more than nine miles from downtown Ridgeland, there were unanswered questions about how services would be provided to the community should it get built.
“How do you make this leap of faith that all of this will be done, or we’ll deal with it later,” Averkin said. “I don’t have a good comfort level with that.”
According to Jasper County Administrator Andy Fulgham, County Council declined to even consider providing fire service for the community. Yet going into the vote, that question remained unresolved.
As council debated, first-term Councilmember Libby Malphrus took the position that approving the annexation without answers on key topics would violate South Carolina law.
“We would not be following state statute to annex a property if we cannot provide all the details. The details matter,” Malphrus said.
Mayor Joey Malphrus expressed a similar sentiment, saying that three years ago he had an open mind on the project, but the number of remaining uncertainties was troubling.
Councilmember Bill Fishburne had less of an issue with the plan’s uncertainties, arguing that the expense incurred in figuring out all of those details was prohibitive, particularly if the developer was undertaking that expense with no guarantee that the project would be approved.
“I don’t think anybody would spend that money to get to that point,” Fishburne said.
Two hours into the meeting, Joey Malphrus restated his motion to deny the annexation. Two years, 11 months and 12 days after the first public meeting, it was finally time for a vote.
By a show of hands, the council denied the annexation 4-1. Fishburne cast the lone dissenting vote.
“Given the strong community opposition and many holes in the development agreement, we commend Ridgeland leaders and staff for rejecting this potentially devastating proposal,” wrote Grant McClure, senior project manager for the Coastal Conservation League.
At this point, it’s unclear what the future holds for Tickton Hall. Neither Graves nor his attorney, Barry Johnson, responded to a request for comment before publication. Graves must wait a year before he can again approach the town with a request for annexation.
Speaking after the meeting, Libby Malphrus called the vote a victory for many in the community.
“We often hear with development that there’s no stopping it. You might as well just give up. The vote shows the power of the community coming together in a grassroots effort to stop overdevelopment. It was powerful,” she said.
Keep Chelsea Rural, a grassroots organization, led the opposition to the project, putting up billboards and running social media campaigns to raise awareness of the vote.
In an email to The Post and Courier, Keep Chelsea Rural Steering Committee member Ashley Rhodes wrote, “Tickton Hall is more than acreage. It is a vital thread in the historical and natural fabric of our community. Its unique character, its ecological significance, and its role in defining the beauty of our region are irreplaceable.”