Are there any advantages to having a will over an intestate succession?

Yes, there are several advantages to having a will over an intestate succession in South Carolina. A will allows you to decide how you would like your assets to be distributed upon your death. With a will, you can decide who will receive specific items, who will receive a portion of your estate, and who will act as the executor of your last wishes. Additionally, a will can also be used to appoint guardianship for minors or pets, as well as set up trusts for children or charities. Intestate succession is the process by which the state of South Carolina will decide how to distribute your assets in the event that you die without having a will. This could lead to your assets being divided in a way that does not meet your wishes. In South Carolina, intestate succession generally follows a predetermined “order of descent” that may not reflect how you would have wanted your assets distributed. Additionally, in the case of intestate succession, it may take longer to settle the estate due to the extra steps involved. For these reasons, having a will is generally the preferred option as the will allows you to decide precisely how you would like your assets to be distributed.

Related FAQs

Does an intestate estate automatically go to a surviving spouse?
Is there a limit to the amount a surviving spouse can receive from the estate?
Can a surviving spouse make a will after the death of the deceased?
Does an intestate estate ever go to the government?
What is the process for determining an intestate estate?
How is an intestate estate divided if there is no surviving spouse?
Can an intestate estate be divided among more than one heir?
How does a surviving spouse's remarriage affect an intestate succession?
What kind of assets are subject to intestate succession?
What happens to joint bank accounts in an intestate succession?

Are there any advantages to having a will over an intestate succession?

Related FAQs

Related Blog Posts