In this episode of TFE Talks, attorneys Jordan Goewey and David Thompson break down the latest changes to South Carolina trust law, focusing on grantor trust reimbursement, expanded powers of appointment, and the extension of the rule against perpetuities to 360 years. They discuss how these updates offer greater flexibility, enhanced creditor protection, and new planning opportunities for clients. Key takeaways include the importance of reviewing existing trust documents to ensure alignment with the new law and the potential for South Carolina residents to benefit from advanced trust strategies without looking to other states. Don’t miss this important information.
In this episode of TFE Talks, attorneys Jordan Goewey and David Thompson break down the latest changes to South Carolina trust law, focusing on grantor trust reimbursement, expanded powers of appointment, and the extension of the rule against perpetuities to 360 years. They discuss how these updates offer greater flexibility, enhanced creditor protection, and new planning opportunities for clients. Key takeaways include the importance of reviewing existing trust documents to ensure alignment with the new law and the potential for South Carolina residents to benefit from advanced trust strategies without looking to other states. Don’t miss this important information.
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TFE Talks: Navigating Wealth, Business, and Legacy is the official podcast from Thomas, Fisher & Edwards, a premier estate planning and business advising law firm in Greenville, South Carolina. Each episode, our attorneys break down complex legal topics—covering estate planning, business strategy, and legacy building—into clear, actionable insights. Whether you're refining a plan with our team or preparing for the future, this podcast serves as your go-to resource for thoughtful, strategic planning. Tune in for guidance that helps you protect what matters most. Learn more at www.tfelawfirm.com.
The information provided in this podcast is for general informational purposes only and should not be considered legal advice. Listening to this podcast does not create an attorney-client relationship with Thomas, Fisher & Edwards or any of its attorneys. Laws and regulations vary, and legal matters are highly fact-specific. For personalized legal guidance, please consult with a qualified attorney.