Posts by ThriveAdmin
When and Why You Might Need Professional Trust Administration Services
Trusts have always been an essential part of estate planning. They help to ensure that assets are managed and distributed according to the grantor’s wishes. However, the complexities involved in trust management can require professional oversight. For those who find trust administration confusing, it may be helpful to consider professional trust administrative services. This blog…
Read MoreSuccession Planning for Family-Owned Businesses
Family-owned businesses have always been at the heart of our economy. They provide jobs, goods and services that support the families and the communities they serve. Regardless of their scale, every family-owned business will eventually face the challenge of transitioning leadership and ownership. This is why succession planning is crucial for their long-term sustainability. The…
Read MoreDoes Marriage Override a Will in South Carolina?
Marriage is a significant event for two people who have chosen to commit to each other for life. However, it is also a legal process that entitles spouses to some or all of their partner’s assets, leading to profound legal implications applicable even after the death of the other. One common question spouses may have…
Read MoreAddressing Challenges in Business Succession Planning
Many business owners manage to forge successful business ventures as part of their legacy. However, a solid succession plan must be in place to ensure that operations continue smoothly and seamlessly in case of their eventual incapacity or passing. Business succession planning ensures the continuity and longevity of a company and the financial stability of…
Read MoreThe Duties and Responsibilities of a Trustee
Trusts can be a valuable tool for estate planning. When used correctly, one can avoid probate, keep financial affairs private, reduce estate taxes, and ensure dependents are financially stable if they are no longer around. To ensure the trust’s terms are honored, a designated trustee must ensure the trust is executed accordingly and beneficiaries receive…
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