Trusts Myrtle Beach
What is a Trust?
A trust is part of estate planning designed to protect an individual’s wealth. It can be used to minimize estate taxes and can be arranged in many ways. A trust is essentially a fiduciary agreement that allows assets like money and property to be a held by a third party on behalf of beneficiaries. This trustee then passes assets to beneficiaries according to guidelines set out in the trust. In many cases, this allows beneficiaries to avoid probate and have access to assets more quickly. Some trusts can be exempted from taxable estate.
There are many different types of trusts, such and revocable and irrevocable, and people often have trusts drawn up by a law firm as a part of estate planning. However, others create living trusts using software or an online service. Not everyone chooses to go through lawyers or attorneys, but you should still do what you can to make the trust legitimate in the eyes of the law. Getting your trust notarized is one of the best ways to make sure your wishes are respected in the future. You should include this step in your estate planning to help your heirs.
Why is it Important to Notarize Trusts?
No matter whether you have your trust prepared by a lawyer or choose to draft the trust yourself, you need to have it notarized in nearly every state.
In South Carolina, the law states the a trust made be set up by anyone with the capacity to do so. The individual must name a trustee, a beneficiary or beneficiaries, and they must provide specific instructions as to the trustee’s duties. The trust document must then be signed and preferably notarized.
While notarization is not a legal requirement to create a trust in South Carolina, trusts are almost always notarized. The reason for this is it will make things easier for your family in the future – because you will not be around to testify that you signed the trust, having it notarized will provide proof and stave off any possible disputes.
The process to notarize a trust is simple and straightforward. For people who prepare trusts themselves, our notary public here in Myrtle Beach, SC will be happy to help by providing advice, information, and walking you through the steps you need to take. A professional notary with experience in trusts will help ensure that your heirs will not find themselves in court because your signature on the trust could not be verified.
Trusts Notarized in Myrtle Beach, SC
The notaries at our Myrtle Beach office are courteous, professional, and have experience dealing with wills and trusts according to South Carolina law. We will walk you through the process and help you in any way you need. In this way, you will be sure your property and assets will pass to your heirs through your trustee and according to your personal wishes.
Our Myrtle Beach, SC office is clean and sanitized for your safety. You will find the process quick, simple, and with the utmost care and attention paid to your needs.
Contact the office for further information about notarizing trusts in South Carolina. We look forward to serving you at our Myrtle Beach location.