Written by attorney Evan Kyle Guthrie

Personal Property Memorandum In South Carolina

A Personal Property Memorandum in South Carolina is a document that is separate from a will that is referenced in a will that allows the maker of the will to dispose of tangible personal property in a matter and time they later wish. Tangible personal property is property that you can touch such as household items as furniture, but not property with a title, such as a car, or intangible physical items such as a stock certificate or cash. The Personal Property Memorandum can be in your own handwriting or typed as long as it is signed and dated. You can change or update the memorandum at any later time without the need of an attorney or notary public. All household tangible property that a married couple own automatically pass to the surviving spouse so it is only necessary to include items on the memorandum that would not go to the spouse, such as a family heirloom to a child. For an unmarried person all household tangible property would pass in the residuary of the will, or all assets not specifically bequested in the will, so it would only be necessary to name items not going to the person listed as the beneficiary of the residuary under the will. You can gift items before you die, but after death items in the house cannot be gifted unless as directed under the will or personal property memorandum. Just because an item was designated verbally, such as a child should get my antique vase, has no effect unless it is included in the will or memorandum. Consult your estate planning attorney to get more information on PPM

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