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As we have discussed in a prior blog post, the applicable credit against the estate and gift tax(also known as the “Unified Credit”) for 2022 is $12.06 million. This generally means that amarried couple can transfer $24.12 million of its wealth during the lifetime or at the time ofdeath of either spouse without paying any […]

In a previous blog post, we discussed how a Health Care Power of Attorney (“HCPOA”) can be used to give someone the power to make medical decisions on your behalf if you are unable to make such decisions for yourself. One of the benefits offered by a HCPOA is that a person can direct his […]

What is Probate? To understand the difference between probate and non-probate property, it is necessary to first understand the basics of the probate process itself. Generally, in South Carolina, probate is the process by which a person’s estate is administered after the death of the person (the “Decedent”). Essentially, this involves the Probate Court determining […]

January 29, 2021 MEMORANDUM TO: Clients of Thomas, Fisher & Edwards, P.A. RE: Consolidated Appropriations Act, 2021 (Second COVID Relief Legislation) On December 27, 2020, President Trump signed the Consolidated Appropriations Act, 2021 (the “Act”)—reportedly the longest bill ever passed by Congress—into law. The Act notably contained the Coronavirus Response and Relief Supplemental Appropriations Act, […]

In a previous blog post, we discussed how a Health Care Power of Attorney can be used to give someone the power to make medical decisions on your behalf if you are unable to make such decisions for yourself. However, an incapacity would affect aspects of your life beyond just your healthcare and medical decisions. […]

Have you ever been asked by a doctor, nurse, or the staff of a medical facility if you have a “health care power of attorney?” Have you ever wondered why you were being asked that question?   Think, for a moment, about any medical procedure where the patient is under general anesthesia. Is it possible that […]