Many people buy a second home for a place to stay on vacation, to offer to relatives as a getaway, or as a source of rental income. However, as with any real estate endeavor, there are some specific things to think about when it comes to investing in a second home....
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Blackacre Law Blog
How is a will and a living will different?
Most people are familiar with the concept of a will. Living wills have also become common in recent years. However, if you are not sure what the difference between the two is, you are not alone. What is the difference between a will and a living will? What is a will?...
What is title insurance?
Title insurance is one of many costs associated with purchasing a home. When you close on the property, you must show proof of a clear title. Get the facts about title insurance in South Carolina to prepare for this expense as you shop for local real estate. Purpose...
Do you need to update your will?
Your will is the foundation of your estate plan. This document outlines what you want to happen to your assets after you die, but many people have yet to create one of these documents. According to a survey conducted by Caring.com, approximately 4 out of 10 adults in...
3 signs your father may be vulnerable to undue influence
If your elderly father is writing a will, forming a trust or undertaking any other estate planning process, he is doing better than most. In fact, according to a recent study, almost 70% of Americans have not written even a simple will to address ownership of assets...
Two POAs ensure you and your family can manage unexpected events
You may be enjoying family life as a young parent, or you may be looking forward to the onset of your retirement years. What happens if you become incapacitated due to an accident? What happens if dementia clouds your retirement picture? Two power of attorney...
How does probate work in South Carolina?
Understanding how South Carolina probate works can help you make an estate plan that meets your needs. With this process, the court supervises the distribution of your estate assets and payment of obligations. Review the basics about probate in South Carolina when...
Some issues that may cause delays in property sale closings
Homebuyers generally need to proceed with caution when inspecting a property and reviewing its ownership history. Discovering an issue such as a leaking roof or an outstanding lien may delay the closing or cancel it altogether. As noted by the Charleston Regional...
What’s the difference between a will and a living will?
Many people confuse the terms will and living will. While both these documents play important roles in estate planning, they have different purposes. Review the key differences between a will and a living will to learn how each affects a person's estate. What is a...
What happens if I die before I make my will?
If you have not yet made your Last Will and Testament, you likely have several reasons that you believe are valid. For instance, you may think that you are too young or too poor to need a will. You may think that you will get around to estate planning when you are...
