Why Making a Will is Important

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Many people wrongly assume estate planning is only necessary for individuals who are extremely wealthy or own significant assets, but the truth remains that every person should invest time in basic estate planning concepts, such as preparing a basic will. When you know that you do not currently have a will but need to draft one, contact an experienced estate planning attorney in Charleston.

Dying without a will is known as intestacy, and intestate cyprus phone data succession laws in South Carolina dictate that if a person dies without a will and:

Has a spouse but no descendants, the spouse inherits everything
Has children but no spouse, the children inherit everything
Has a spouse and descendants, the spouse gets half and the descendants get the other half
Has parents but no spouse or descendants, the parents inherit everything
Has siblings but no spouse, descendants, or parents, the siblings inherit everything.

Dying without a will also leave inheritance matters to a probate court, which can be long and stressful proceedings for all pirates involved. You will also want a will when you have specific desires relating to which children, siblings, or parents specifically should be inheriting your assets.