It might come as a surprise to couples in South Carolina that women file for divorce in rates much higher than men. In some studies, the rate of women filing for divorce is 80 percent while in others, it is slightly lower, at 69 percent. With the divorce rate at around 50%, it might be important to consider the different reasons why women might choose to file for divorce.
The estate plans of some South Carolina residents may be affected by a rule that has passed the U.S. House of Representatives and which is likely the pass the Senate unanimously. The Setting Every Community Up for Retirement Enhancement Act will require most beneficiaries to withdraw the entire amount of an IRA within 10 years of the owner's death. The previous rule offered significant tax savings to beneficiaries by allowing them to take distributions over a much longer period of time.