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What are the inheritance laws in South Carolina?

If you are unmarried and die intestate in South Carolina and have children, your children will inherit your estate in equal shares. If the deceased has no children but has living parents, their estate will pass on to their parents. If parents are no longer living, the estate then goes to siblings.

Can there be more than one remainderman?

A remainderman is a beneficiary in a life estate who will inherit property after the life tenants death. There can be more than one remainderman if you divide the property.

What is the meaning of life estate?

noun. property that may be held only for the extent of the holders lifetime.

How much does an estate have to be worth to go to probate in South Carolina?

In South Carolina, probate for small estates is required. A small estate is considered to be an estate that is valued at $25,000 or less in assets and no real property. If those two conditions are met for a small estate, a case will have to be filed with the probate court.

Does South Carolina have a life estate deed?

A property owner can reserve a life estate and grant a remainder interest giving the remainderman possession when the owner diesallowing the property to bypass probate. South Carolina does not recognize transfer-on-death (TOD) deeds.

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