In Need of an Estate Planning Lawyer in Lancaster County?
At the David W. Martin Law Group, our Lancaster County estate planning lawyers know that talking about what will happen to you, your property, and your possessions after you are gone is the last conversation anyone wants. We understand.
We also know that partnering with an Indian Land estate planning attorney who specializes in helping individuals and families plan to distribute their assets and manage their affairs in the event of incapacity or death gives our clients the peace of mind they never knew they needed.
Managing your legacy is easier than you think, no matter your age or the value of your “estate.”
What Types of Wills and Trust Services Do the Lancaster County Estate Planning Attorneys at David W. Martin Law Group Provide?
Our Indian Land estate planning lawyers work closely with clients to create comprehensive plans tailored to their needs and goals. These plans aim to protect our clients’ assets, minimize taxes, and provide for their loved ones in the future.
This means realizing estate planning means something different for everyone.
Whether you are recently retired and want to ensure your nest egg is protected under unforeseen circumstances, like an accident or illness that will require a trusted loved one to make decisions for you, or are just getting started and want to ensure your professional goals align with your personal wishes, we can help.
Our dedicated estate planning lawyers in Lancaster County assist our clients in outlining their futures, including all the necessary details, legal documentation, and peace of mind essential for:
- Wills and Trusts
We assist clients in creating wills and trusts (link to wills/trust page) to ensure that their assets are distributed according to their wishes after death.
Depending on your unique circumstances, that may consist of outlining an individual or combined will to include:
- Appointing an executor, also known as a personal representative, to carry out the instructions in the will, including managing the estate, paying debts and taxes, and distributing assets to beneficiaries.
- Identifying the beneficiaries who will receive the assets and property, including family members, friends, charities, or other entities. This may include specifying particular assets or amounts of money to be given to specific beneficiaries, like leaving a particular piece of jewelry to a family member or making a monetary gift to a charity. We will also address any remaining assets not explicitly mentioned in the will and how these assets should be distributed among the beneficiaries.
- Designating guardians to care for minor children in the event of their death, including naming both personal guardians responsible for the child’s care and financial guardians responsible for managing the child’s inheritance, if different.
When a trust is appropriate, we help clients determine the best type of trust for their situation, such as revocable living trusts, irrevocable trusts, or special needs trusts.
Some common types of trusts used in South Carolina include, but are not limited to:
- Revocable Living Trust
This trust is created during an individual’s lifetime and can be modified or revoked. Assets placed in the trust avoid probate upon their death and can provide for the management and distribution of assets while they are alive and after their death.
- Irrevocable Trust
Unlike a revocable living trust, an irrevocable trust cannot be changed or revoked once established, except under limited circumstances. Irrevocable trusts can be used for various purposes, including asset protection, minimizing estate taxes, and providing for beneficiaries with special needs.
Our Lancaster County wills and trust attorneys design multiple customized trusts under revocable and irrevocable provisions, including Testamentary, Supplemental Needs, Charitable, Asset Protection, and Medicaid Asset Protection Trusts. Contact us today to learn how we can help you make informed decisions about your estate and help protect your future.
What Other Types of Services Do the Lancaster County Estate Planning Attorneys at David W. Martin Law Group Provide?
At the David W. Martin Law Group, our Indian Land estate planning attorneys know your current livelihood and future well-being deserve to be protected while you are still enjoying life.
We provide end-to-end estate planning services that allow our clients to obtain the peace of mind they deserve to ensure their healthcare decisions and financial stability are protected now and in the future.
That includes providing legal guidance and estate planning options for:
- Asset Protection
We help clients protect their assets from creditors, lawsuits, and other potential threats through various legal strategies, including asset protection trusts for limited liability entities.
- Powers of Attorney
Our skilled estate planning lawyers in Lancaster County draft powers of attorney documents that designate trusted individuals to make financial and healthcare decisions for our clients if they become incapacitated.
- Advance Directives
We assist clients in creating advance directives, including healthcare proxies and living wills, which specify their wishes regarding medical treatment and end-of-life care if they cannot communicate their preferences.
- Estate Tax Planning
Our Indian Land estate planning attorneys help clients minimize estate taxes and maximize the value of their estates for their beneficiaries through strategic planning techniques, like gifting, charitable giving, and establishing tax-efficient trusts.
- Probate and Estate Administration
When required, we guide clients through the probate process and assist executors and administrators in fulfilling their duties, including gathering assets, paying debts and taxes, and distributing inheritances to beneficiaries.
- Business Succession Planning
We develop succession plans for clients who own businesses to ensure a smooth transition of ownership and management to the next generation or other chosen successors.
- Specialized Planning
Our Lancaster County estate planning attorneys understand that each client is unique and requires customized legal strategies to ensure that their vital living and end-of-life documentation reflects their needs. That may include providing specialized estate planning services for unique situations, like blended families, individuals with disabilities, or those with complex financial holdings.
Contact Our David W. Martin Law Group Estate Planning Attorneys
Contact our David W. Martin Law Group estate planning attorneys in South Carolina today by calling (803) 590-1958 or contact us online to ensure your future is protected throughout the legal process so you can confidently move forward.
