How can I protect my assets during my lifetime?

One of the most important aspects of Elder Law in South Carolina is knowing how to protect your assets during your lifetime. There are several ways to do this, including creating a Last Will and Testament, setting up a trust, or making prudent investments. Creating a Last Will and Testament is a way to ensure that your property is distributed according to your wishes after your death. You can also choose to give specific items to certain people or charities. A Last Will and Testament must be drafted by a lawyer and can be changed at any time. Setting up a trust is another way to protect your assets. This type of trust is managed by a trustee; they will handle your financial affairs on your behalf while you are still alive. The trustee can also help with taxes, medical decisions, or other financial matters. The third way to protect your assets during your lifetime is to make prudent investments. A financial advisor can help you make the best decisions and plan for your retirement. You can also look into annuities, which can provide a steady stream of income during your retirement years. Overall, it is important to understand the different ways to protect your assets during your lifetime, and speak with an Elder Law attorney to determine what the best option is for your situation.

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How can I protect my assets during my lifetime?

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