It is important to have a will so that your wishes will go into effect at your death. If you do not have a will, your property and surviving family’s affairs will be governed by statute law in South Carolina. Remember that although the statutes set out guidelines those may not go along with your particular wishes.
Here are some benefits of having a will:
- You can determine which of your heirs will share in your property (order of priority, and retrospective shares).
- You can also leave specific items of property to specific people.
- You can leave shares to a charity of your choice or to your church.
- If you have minor children or a family member who is unable to look after their own affairs, you can nominate someone in your will to act as guardian or care for the child or family member.
- You may make gifts into a trust, and appoint a trustee to administer your property to benefit your survivors.
- You can provide for final disposition of your property held by you and your spouse.
There are many benefits to having a will. We recognize that it’s not easy to think about things like this but at least you can have peace of mind knowing your wishes will be carried out the way you want them to be.