Did you know that one in two U.S. citizens have yet to create a plan for their estate? Just about everyone knows they need to get their affairs in order, but most people procrastinate when it comes to estate planning. It's an uncomfortable subject to think about. After all, nobody wants to ponder their death and what happens to their assets when they pass. However, working with an estate planning lawyer in Myrtle Beach, SC, protects you, your loved ones, and your assets, both while you're alive and after you have died. There isn't a perfect time to plan your estate, but there is a right time â and that time is now.
We understand that there is no "one-size-fits-all" solution to your estate planning needs. That's why, at CDH Law Firm, we make a concerted effort to speak with our clients personally so that we can create an estate plan that is as unique as they are. Our estate plans are comprehensive, cost-effective, and catered to you. That way, your family is provided if you are incapacitated or pass away.
At the end of the day, our goal is to make sure that every one of our clients leaves our office feeling less stressed and more informed. Peace of mind is valuable currency these days. Why worry about the future of your loved ones when you can use South Carolina law to ensure their stability?
Many of the clients in Myrtle Beach that walk through our doors have significant questions that require serious answers. They're filled with doubt, stress, and worry. They're worried about their children, their spouse, their relatives, or all the above. They ask questions like:
If these questions sound familiar, know that you are not alone. At CDH Law Firm, we have worked with hundreds of clients just like you. Sometimes, these clients are unsatisfied with their current estate planning attorney in Myrtle Beach. Other times, they have been served with confusing papers or documents that leave them feeling overwhelmed. In either case, clients come to our office knowing they need to manage what is often a sudden, foreign situation.
The good news? We sit down with all new clients for an hour at no extra cost. We do so to get a basic sense of their situation and help steer them in the right direction. That way, they can leave our office feeling a little wiser and a lot better about the future.
Our firm specializes in several areas of estate planning and family law, including:
At Cobb Dill & Hammett, LLC, estate planning is like second nature to us. Having worked hundreds upon hundreds of cases, we have the knowledge and experience to assist with all the estate planning needs that you or your family have.
As our client, you will always work directly with your attorney. We do not pass cases off to paralegals or junior associates. Because your concerns and questions don't end when our office closes, we encourage our clients to contact us at any time.
Because we limit the number of cases we accept, we have the time and resources to truly dedicate ourselves to each of our clients. Unlike some competitors, we care about the outcome of every case because we know that our clients' future depends on it.
The word "estate" might make you think of a sprawling mansion in the French countryside. The truth is, you don't have to be rich to have an estate. In fact, most people already have an estate. An estate comprises the assets that a person owns like cars, bank accounts, real estate, businesses, and other possessions. Everyone's estate is different, but we all have one thing in common: none of us can take our estates with us when we die. When that does eventually happen, you will need legal instructions that state who gets what from your estate in plain terms.That, in a nutshell, is estate planning â building a framework in advance that names the organizations or people that should receive your assets after you die. Planning your estate now helps make life much easier for your family down the line.
Contrary to popular belief, estate planning isn't just for adults who are approaching retirement age. Estate planning is for everyone. After all, we're all getting older, and none of us know exactly when it will be our time to go.
Although estate planning can be complicated, a well-rounded plan makes a huge difference in what is left to your beneficiaries. Before you start planning your estate, it's important to know a few common topics that may arise as you detail your needs.
Working with a veteran estate planning lawyer is a no-brainer, but you should consider working with a tax advisor too. Your attorney's role is to help guide you through the creation of your estate planning documents. Common documents include your will, health care directives, and power of attorney. Your tax advisor will help guide you through tax issues associated with your estate planning needs.
In this relationship, you make the decisions while your attorney and tax advisor help you understand and think through the options you're considering. As a team, they will help you state your wishes clearly while minimizing mistakes and adjusting your plans as they change. Because significant savings can result from thorough, informed planning, you should seriously consider working with a tax advisor in addition to your estate planning attorney.
If there were one overriding theme of estate planning, it would be maximizing what you plan to leave behind. Thinking through how each of your assets will be distributed is crucial to your estate. Your decisions may change depending on the type of asset, its size, how old you are, and several other factors. With an attorney on your side, you will gain a thorough understanding of what actions you should take to care for your family while minimizing expenses like taxes and court fees.
One of the biggest parts of maximizing what you're leaving behind is to minimize taxes. Federal taxes on estates and gifts are incredibly high. Both forms of taxes usually have exemption limits, which means you can give up to a specific amount without being taxed. Your lawyer can achieve that by using the gift tax exemption to move assets while you are still alive. This strategy maximizes how much your beneficiaries will receive.
Inheritance taxes are often based on the value of your estate and paid prior to asset distribution to your beneficiaries.
The executor of your estate plays a key role in your affairs. Their responsibilities include carrying out the terms of your will and seeing the estate settlement process through until the end. Obviously, such a role demands a qualified person. Choosing your executor isn't an easy decision. The person you select should be great at managing money, be savvy financially, and show an ability to be patient. That's because the executor is tasked with:
If the person that you choose as executor is inexperienced with the estate settlement process, it is recommended that they lean on an estate planning attorney in Myrtle Beach, SC for guidance. It should be noted that you may appoint more than a single executor to your estate. This is common when two individuals have complementary personalities or skill sets.
One of the biggest benefits of planning your estate is the peace of mind it brings to you and your family. With the help of our expert estate planning attorneys, you have the power to protect your assets, privacy, and children's welfare. You can also potentially save money on taxes or even avoid probate. By having your wishes legally documented before death or incapacity, you can minimize any impact on your beneficiaries and take control of your legacy. Without a comprehensive estate plan, you're leaving the future of your loved ones in the hands of the South Carolina court system.
With an estate plan in place, you can plan for incapacity by using a power of attorney or advanced medical directives. Doing so relieves your loved ones of the burden of asking the court for the authority to fulfill your wishes.
At CDH Law Firm, we are committed to helping you prepare for both the expected and unexpected through years of experience and a fierce dedication to our clients. From establishing trusts to designing business succession plans, we are here to fight for you.
If a husband and wife each purchase reciprocating will packages we give a discount. Reciprocating just means the husband names the wife and the wife names the husband. Those four documents are:
As mentioned above, everyone's estate planning needs will be different. However, most plans include one or more of the following documents:
Your will is an essential piece of documentation and is often considered the cornerstone of a proper estate plan. Generally speaking, your will is a document that dictates the distribution of your assets after your death. Having an iron-clad will is one of the best ways to make sure that your wishes are communicated clearly. As is the case with most estate planning, it is highly recommended that you work with an estate planning attorney in Myrtle Beach, SC, to create and update your will.
The contents of a will typically include:
Without a will in place, the State of South Carolina will decide how to distribute assets to your beneficiaries. Allowing the state to distribute your assets is often an unfavorable route to take, since the settlement process may not include what you had in mind for your survivors. Having a will drafted that reflects your wishes will prevent such a situation from happening.
Despite its name, a living will does not instruct your survivors on what assets go where. Also called an advanced directive, your living will allows you to state your end-of-life medical wishes if you have become unable to communicate. This important document provides guidance to family members and doctors and solidifies certain issues like whether you should be resuscitated after an accident.
For example, it's common to direct that palliative care (care to decrease pain and suffering) always be administered if needed. Conversely, you may state that certain measures are not allowed, like CPR.
Traditionally, a trust is used to minimize estate taxes and maximize other benefits as part of a well-rounded estate plan. This fiduciary agreement lets a trustee hold your assets on behalf of your beneficiaries. There are many ways to arrange a trust to specify when and how your assets are distributed.
With a trust in place, your beneficiaries can avoid going to probate. That means they may be able to gain access to your assets quicker than when they are transferred with a standard will. Assets placed in a trust can pass outside of probate, which will save you and your family time, money, and stress.
There are two distinct trust categories that you should be aware of: revocable and irrevocable.
Also called a living trust, a revocable trust helps assets circumvent probate. With this trust, you can control your assets while you are still alive. These trusts are flexible and may be dissolved at any point in time. This type of trust becomes irrevocable upon your death. Revocable trusts can help you avoid the pitfalls of probate but be aware that they are usually still taxable.
This kind of trust transfers assets out of your estate so that they are not taxed and do not have to go through probate. However, once an irrevocable trust has been executed, it may not be altered. That means that once you establish this kind of trust, you lose control of its assets and cannot dissolve the trust. If your primary goal is to avoid taxes on your estate, setting up an irrevocable could be a wise choice.
When drafted with the help of an estate planning lawyer in Myrtle Beach, SC, your trust can also:
If you know that you need to provide for your family and loved ones after your death, it's time to develop your estate plan. With CDH Law Firm by your side, planning your estate doesn't have to be difficult. However, it does need to be accurate and executed exactly to your wishes â something that we have been helping clients achieve for years. Don't leave your legacy up to chance â contact our office today and secure your future generations.CONTACT US
ATLANTA – May 10, 2022 – DC BLOX, a leading provider of secure, reliable, connected data centers across the Southeast, announces it is planning to build a new Cable Landing Station (CLS) in Myrtle Beach, South Carolina. The new CLS will anchor subsea cable systems connecting North America’s Southeast region with other continents.DC BLOX’s planned Myrtle Beach CLS is designed to withstand a category 5 hurrican...
ATLANTA – May 10, 2022 – DC BLOX, a leading provider of secure, reliable, connected data centers across the Southeast, announces it is planning to build a new Cable Landing Station (CLS) in Myrtle Beach, South Carolina. The new CLS will anchor subsea cable systems connecting North America’s Southeast region with other continents.
DC BLOX’s planned Myrtle Beach CLS is designed to withstand a category 5 hurricane, is engineered to Uptime Institute’s Tier III standards, and will be SOC 2 Type II and NIST 800-171 compliant. The power generation configurations include up to 15 MW of AC power with managed rectifiers for DC Power Feed Equipment (PFE). When complete, the facility will be connected to five pre-positioned subsea bore pipes configured for up to five subsea cables. In addition, traditional colocation for communications providers, local enterprises, governments, and customer partner networks will be available. The CLS design assures concurrently maintainable 2N power generation, UPS and switchgear, with indirect adiabatic and evaporation cooling for efficiency and sustainability with N+1 redundancy.
“The Southeast is exploding with opportunity and investments in digital infrastructure are key to its growth,” states Jeff Uphues, CEO of DC BLOX. “We are proud to announce plans for our seventh connected data center facility in the Southeast with this new Cable Landing Station in Myrtle Beach, SC. Our continued investments in data centers and network infrastructure are a benefit to hyper-scalers, carriers, and enterprises across the region. This new project represents a turning point for DC BLOX as we continue to scale and realize our vision to serve locally and connect globally.”
The Myrtle Beach CLS, to be located in the International Technology and Aerospace Park (ITAP), will be DC BLOX’s second location in South Carolina. The company’s Greenville S.C. facility opened in January, 2022 and is currently expanding with a second data hall of over 9,000 square feet to accommodate a large enterprise customer. DC BLOX data centers throughout the Southeast are interconnected via the DC BLOX Connectivity eXchange (DCB-CX), a platform that enables participants to peer across a high-bandwidth, low-latency software-defined fabric. The DCB-CX offers low-latency connectivity across its footprint to built-in carriers, public cloud providers, regional Internet Exchanges (IX) and other participating entities.
DC BLOX plans for its new CLS to be completed in the second quarter of 2023. As a result, Myrtle Beach is now a beacon for hyper-scalers and communications carriers looking to land subsea cables off the Southeast coast due to the regional connectivity and proximity to both the Atlanta and Ashburn markets.
To learn more about DC BLOX and its data center and network expansion plans in Myrtle Beach, please visit www.dcblox.com.
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About DC BLOX
DC BLOX owns and operates interconnected multi-tenant data centers that deliver the infrastructure and connectivity essential to power today’s digital business. DC BLOX’s private network fabric and robust connectivity ecosystem enable access to built-in carriers, Internet exchanges, public cloud providers, and DC BLOX data centers to businesses across the Southeast. DC BLOX’s data centers are located in Atlanta, GA; Birmingham, AL; Huntsville, AL; Chattanooga, TN; Greenville, SC. For more information, please visit www.dcblox.com, call +1. 877.590.1684
MYRTLE BEACH, S.C. (WMBF) - Thirty-five miles connecting walkers and cyclists from Myrtle Beach all the way to Aynor...That’s the vision several county and city departments have for making sure you don’t need a car to get around.Planning departments from throughout Horry County came to Coastal Carolina University Wednesday for a Trail Summit to discuss the future of pathways and trails in the county.“I really don’t like seeing human infrastructure for 100% of my day,” said Joseph Minnich, a ...
MYRTLE BEACH, S.C. (WMBF) - Thirty-five miles connecting walkers and cyclists from Myrtle Beach all the way to Aynor...
That’s the vision several county and city departments have for making sure you don’t need a car to get around.
Planning departments from throughout Horry County came to Coastal Carolina University Wednesday for a Trail Summit to discuss the future of pathways and trails in the county.
“I really don’t like seeing human infrastructure for 100% of my day,” said Joseph Minnich, a cyclist who came to the summit. “I like to see trees and wildlife when I can.”
Minnich sees all those trees and wildlife when he puts in more than 60 miles on his bike every week.
Those rides through nature tend to be a lot more enjoyable than his rides to work at CCU.
“If I want to get from my house to Coastal Carolina to downtown Conway, it’s almost impossible to do so in a safe way,” said Minnich.
Minnich says he has an idea for a trail connecting all of Horry County so folks can get around safely without having to be on highways next to cars.
Turns out, planning departments from cities throughout the county are on the same page.
“If we can connect them to the community college and CCU, connect them to downtown areas and communities further out, we have an opportunity to make a ton of people happy,” said Conway Planning Director Allison Hardin.
Planning teams from throughout the county came together for a trail summit to share what they have in the works to connect the county’s trails.
While each one is working on its own projects, like an East Coast Greenway realignment in North Myrtle Beach to a trail connection around Conway High School, they all had one goal in common: A 35-mile rail trail, running along the old railroad tracks from the Myrtle Beach Train Depot out to Aynor.
The problem is money.
“That $2 million per mile is pretty accurate,” said Conway Administrator Adam Emrick when referring to the cost to add a trail. “It’s really hard and frustrating for elected officials to understand that a trail is more than just a path, it’s got to be something that people can actually utilize.”
It may happen in phases and it could take 20 years, but if the rail trail becomes a reality, you can count on Minnich to be one of the first ones to ride it.
“The rails are already there,” said Minnich. “We have these great pathways. All we have to do is make them bikeable.”
Part of the discussion also focused on how these trail projects are about more than just recreation. It would also provide a way for people to get to work or the grocery store without being expected to have a car.
A county planner pointed out that Horry County doesn’t have a dedicated pot of money for trails. It’ll take people speaking up and saying this is something they want to start budgeting for this plan to actually happen.
Copyright 2022 WMBF. All rights reserved.
MYRTLE BEACH, S.C. (WMBF) - A new type of business is making its way to the Grand Strand.Gov. Henry McMaster’s office announced Tuesday that DC BLOX, a southeast-based data center, will operate the center with a $31.5 million investment.It’s expected to create three new jobs and will be located at the Myrtle Beach International Technology & Aerospace Park near The Market Common.“DC BLOX creating another facility in the state shows that South Carolina is on the cutting edge of technology,” McMa...
MYRTLE BEACH, S.C. (WMBF) - A new type of business is making its way to the Grand Strand.
Gov. Henry McMaster’s office announced Tuesday that DC BLOX, a southeast-based data center, will operate the center with a $31.5 million investment.
It’s expected to create three new jobs and will be located at the Myrtle Beach International Technology & Aerospace Park near The Market Common.
“DC BLOX creating another facility in the state shows that South Carolina is on the cutting edge of technology,” McMaster said in a statement. “We celebrate their growth in our state and look forward to seeing the positive impact they will have in Horry County and across South Carolina.”
Officials said the location will be spread across 21 acres, spanning more than 40,000 square feet, saying it will “will serve as the landing point for subsea optical communication cables.”
“It will provide power to the cables to regenerate the optical signal, host local network equipment associated with the cables, provide colocation space for cable partners and local businesses, and serve as a regional exchange point for communications providers,” the governor’s office said.
Speaking with WMBF News last month, Horry County Councilman Johnny Vaught said a project like this could open the door for more tech companies to set up shop in the Grand Strand.
“It’ll act as a sort of like a seed,” he said on April 6. “It’s like when you bring in an auto plant somewhere, there’s always going to be other vendors to build plants around it to serve that auto plant. We think the same thing will happen here. Once we get this one thing in.”
Horry County Council Chairman also provided a statement to the governor’s office, saying he believes DC BLOX “will be the start to an empty aerospace and technology park that we feel will flourish.”
Operations at the new center are set to begin by June 2023, and jobs will be advertised around that time.
Stay with WMBF News for updates.
Copyright 2022 WMBF. All rights reserved.
MYRTLE BEACH, S.C. (WMBF) - A new tax could be on the way for downtown businesses in Myrtle Beach, but it could pay off for those businesses in the long run.The Myrtle Beach City Council took the first step toward approving a Municipal Improvement District during a meeting on Tuesday.The Municipal Improvement District sounds complicated, but essentially it’s just a small tax that would pay for downtown redevelopment that Myrtle Beach leaders have been seeking for a long time.”Community change takes time,&rdqu...
MYRTLE BEACH, S.C. (WMBF) - A new tax could be on the way for downtown businesses in Myrtle Beach, but it could pay off for those businesses in the long run.
The Myrtle Beach City Council took the first step toward approving a Municipal Improvement District during a meeting on Tuesday.
The Municipal Improvement District sounds complicated, but essentially it’s just a small tax that would pay for downtown redevelopment that Myrtle Beach leaders have been seeking for a long time.
”Community change takes time,” HTC Aspire Hub entrepreneur in residence, Ray Antonino, told the city council. “You’ve demonstrated your commitment.”
Antonino spends his days working with new entrepreneurs at the HTC Aspire Hub.
In order to attract more businesses to the hub to launch in Myrtle Beach, he has a vested interest in the area being clean and safe. That’s why he’s already putting his money where his mouth is.
“I brought a check for the $600,” said Antonino. “This will be donated today to initiate that first investment.”
The Aspire Hub falls right in the middle of the proposed Municipal Improvement District, which will run from 12th Avenue South to 21st Avenue North.
Every business in the district would pay $60 for every $100,000 in property value.
Take the Aspire Hub for example. Antonino said it’s assessed at $1 million, so it would pay $600 per year to the improvement district.
The Downtown Alliance would manage that money, investing in ways to make downtown safer and cleaner, coordinating events to draw people to the downtown area and attracting more downtown housing.
“I am excited about what’s going on with the development of the downtown area,” said Diva’s Hair Salon owner Lisa Coombs. “It’s going to allow even more foot traffic and a lot more activities in the area.”
The MID is proposed for the next ten years to see what the downtown alliance can do to bring some new life to this area.
This would impact about 3,600 commercial properties, so a little bit of money from a lot of businesses.
More of those businesses will have the opportunity to say what they’d like to see happen when this goes up for a final vote in two weeks.
Copyright 2022 WMBF. All rights reserved.
The Rogers family of Mullins has expanded its business offerings on the Grand Strand with the opening Monday of the High Tide Outpost off S.C. 9 in Little River.High Tide is largely an apparel store that also sells outdoor products, beach accessories and home decor items.“We had this location and were trying to figure out something to do with it and decided one of these stores would be good for the area, and good for locals and beach-goers and vacationers,” said Logan Rogers, chief operating officer of High Tide&rsq...
The Rogers family of Mullins has expanded its business offerings on the Grand Strand with the opening Monday of the High Tide Outpost off S.C. 9 in Little River.
High Tide is largely an apparel store that also sells outdoor products, beach accessories and home decor items.
“We had this location and were trying to figure out something to do with it and decided one of these stores would be good for the area, and good for locals and beach-goers and vacationers,” said Logan Rogers, chief operating officer of High Tide’s parent company, Smith-Rogers Oil Co. Inc.
Rogers’ father, Bill Rogers, is the business patriarch and CEO. Smith-Rogers Oil Co also includes 15 Tiger Mart gas stations and convenience stores in South Carolina and four Jimmy John’s sub shops on the Grand Strand. Bill Rogers has operated convenience stores for decades and the company became a Jimmy John’s franchisee in 2019.
The outpost is together in a business complex with a Tiger Mart, Jimmy John’s, Bojangles and fireworks store. The Tiger Mart opened in 2009.
“We’re very excited to be open,” Logan Rogers said. “We think it’s a good location with vacationers coming in on Highway 9. Hopefully they stop and can get some gas and get a sandwich and stop at the store and get something for the beach. And hopefully we have a lot of stuff the locals will enjoy, too. That’s why we kind of beefed up the home decor section.”
The name High Tide was chosen because the family wanted a coastal theme and the logo features the sun containing a wave and sea birds.
The 7,500-square-foot store carries quality brands and original lines of southern outdoor and beachwear products.
“We’re looking to carry more high-end vendors,” Logan Rogers said. “Not high-end in the sense that everything is hundreds and hundreds of dollars or anything, but we’re not looking to carry just knock-offs and cheap stuff.”
The store carries the clothing brands Southern Tide, Simply Southern, Huk and Southern Casanova; Rainbow and Olukai sandals and slip-on shoes; and Scout carry bags.
There are also kayaks, inflatable paddle boards and beach accessories including beach chairs, towels, boogie boards, skimboards, coolers, shovels, buckets, and waterproof speakers and phone cases, as well as coastal-themed home decor items and knick knacks.