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estate planning Archives

Components included in a comprehensive estate plan

Your estate plan is where your loved ones will turn to find out what you want to do with your assets when you pass away. There are several components of an estate plan, but some individuals are surprised to find out that some of them are used before you pass away. Together, all of the following points create a comprehensive estate plan.

Intestate succession in South Carolina

Sioux Falls residents are encouraged to begin the process of planning the dispersal of their estates relatively early in their adult lives. Yet despite the best efforts of estate planning experts, many American adults do not have a will (indeed, information compiled by Gallup shows that only 44 percent actually have such a document). The reasons why so many adults put off estate planning is unknown; the consequences of such inaction, however, are not. This may come as a surprise to some (who may believe that their beneficiaries are allowed to determine the distribution of their assets if no will exists providing such stipulations). In fact, state law is what dictates how intestate estates are dispersed. 

Why are health care directives important?

Usually, when you seek medical care your doctor will explain your treatment options to you and you will choose the option you want to try. However, there may come a time when you are unable to understand your treatment options or unable to express your wishes. This could occur gradually as you age or become ill. It could also happen suddenly as a result of an accident.

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Vermillion Office 19 Market Street Vermillion, SD 57069 Toll Free: 888-328-5012 Phone: 605-610-3496 Fax: 605-336-8803 Map & Directions

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