Things Clients Should Know- Dying Without a Will
If you do not have a will when you die, the laws of the State of South Carolina write your will for you. The ramifications can be disastrous. If you are married and have children, your spouse inherits one-half of your estate and your children share equally in the other one-half. This result can leave your spouse owning the marital residence (along with all other assets) with your children-probably not what you or your spouse wanted to occur. If you have minor children, a probate court order will be required to sell the home and ½ of the proceeds from the sale will belong to your children! If you are single then your parents or all of your siblings or even your cousins might inherit your estate, depending on who is living at the time of your death. In almost all cases, our clients prefer to select their heirs rather than have the law do it for them. Wills are relatively inexpensive but many clients procrastinate about tending to this important legal matter. Please call Sottile & Hopkins right away to discuss writing your will or to see if your old will needs updating.
- 2 years ago
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