Probate Lawyer in Monarch Mill, SC

About The CDH Law Firm Difference

As seasoned probate lawyers in South Carolina, we understand that Estate Administration often involves sensitive family dynamics as much as it does the legal minutia involved in probate law. After all, a person's estate not only affects their generation but the generations that follow.

But when your loved one passes, their assets must be managed and distributed correctly. When mismanaged, disputes often arise between parties like the Beneficiaries, Trustees, Heirs, or Executors of a Will. Even when everything is managed the right way, arguments and misunderstandings can still occur, and even evolve into bitter legal battles necessitating probate litigation.

It stands to reason, then, that you should hire a probate lawyer in Monarch Mill, SC to help. But the truth is, many attorneys don't have vast experience with probate and trust work. If they do, they aren't usually seasoned trial attorneys. That's what separates probate attorneys at CHSA Law, LLC from others - we have the ability to help plan your Estate and litigate estate disputes if they arise.

We are keenly familiar with local probate judges, courtroom staff members, and the related procedures involved with South Carolina probate law. Our intimate knowledge and experience help us successfully navigate the probate process to complete our client's cases quickly and efficiently.

But that's just one aspect that sets CDH apart from other firms. Understanding the importance of personalized attention, we also make an intentional decision to limit our law firm's overall caseload. This allows us to better focus on individual clients, many of whom remain with us for generations. We do not pass off cases to paralegals or junior associates but rather prioritize the attorney-client relationship. We value compassion and integrity, and our practice reflects those values.

Moreover, trust is one of the most important aspects of the attorney-client relationship. We work to create an open, friendly environment in which you can feel comfortable. After years of experience, we boast the skill and experience necessary to earn that trust - and that's a priceless commodity when it comes to probate cases in South Carolina.

Understanding The Probate Process in South Carolina

When a loved one passes away, it's natural to go through a time of emotional adjustment. However, it's crucial for the family of the loved one to face the financial realities of their estate. That reality includes the probate process, which involves distributing assets and settling the estate. A probate attorney in Monarch Mill, SC is often recommended to assist during this time. This process isn't just recommended - it's often a legal responsibility in South Carolina.

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Steps to the Probate Process in South Carolina

01

Delivery of Will Upon Death: During probate, the first step involves having a will delivered to an Estate Administrator or to the probate court. The deadline to accomplish this task is 30 days.

02

A Personal Representative is Assigned: This individual is often named in a Will and should be appointed officially by the court.

03

A Notice is Sent to Intestate Heirs: If these heirs feel that they should inherit, they have a right to challenge this step.

04

The Estate is Inventoried and Appraised: This process must occur within 90 days of opening an estate. In some estates with valuables like jewelry, art, and property, professional appraisers may be needed.

05

Settling Accounts: During this step, the estate must pay any applicable taxes, ongoing expenses, or outstanding debts. Should the estate not have enough money to pay these debts, creditors must be paid according to South Carolina code.

06

Distributions: If there is money in the estate after debts are paid, those funds are given to heirs of the estate, according to the Will or the State.

07

Discharge: As soon as any claims are paid, the personal representative of the estate will file documents to close the estate. To make this official, the court will issue a Certificate of Discharge.

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Avoiding Probate in South Carolina

Though most estates in South Carolina must go through probate, it is possible to avoid. This happens when a decedent's assets are placed in a Living Trust prior to their death. In this scenario, beneficiaries must be designated in order to inherit the estate. Suppose there are funds that have been promised to beneficiaries via life insurance policies or bank accounts with "payable upon death" designations. In that case, those funds do not have to go through probate.

Assets subject to probate in South Carolina include:

  • Interest in an LLC, Partnership, or Corporation
  • Real Estate Held as a Tenant in Common
  • Property Held in Only the Deceased's Name
 Probate Attorney Monarch Mill, SC
Probate Lawyer Monarch Mill, SC

Assets that are not subject to probate in South Carolina include:

  • Assets Placed in a Trust
  • Assets Which Are Already Tied to a Beneficiary
  • Pension Plan Assets
  • Insurance Policies with Beneficiaries
  • Beneficiaries of Retirement Funds
  • Real Estate or Property with Right of Survivorship
  • Real Estate or Property with Joint Tenancy
  • Accounts That Are Transferable or Payable Upon Death
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Avoiding Probate: Yes or No?

Though it's not always possible, some families go out of their way to avoid the probate process in South Carolina. Doing so can help save money in the long run and also expedite the distribution of funds to heirs. By avoiding probate, you're also keeping personal matters private.

Because every person has different estate and probate complexities, it's hard to say whether avoiding probate is good or bad. Whether or not you should avoid probate depends on your unique situation. As a general rule, it's always best to consult with a probate lawyer in Monarch Mill, SC, for honest feedback and probate assistance.

Typically, having a Living Trust or a Will in place will make transferring assets easier. A little prep ahead of time will make a world of difference when your loved one passes away. After all, nobody is ever prepared for a relative or family friend's death, but a compassionate, trustworthy probate attorney can make the process easier.

FAQsSouth Carolina Probate FAQs

For many families, "Probate" is a dirty term that involves heartbreak and headaches. And while the probate process in South Carolina can be complex and stressful, having answers to some of the most common probate questions can help put your mind at ease.

Q.

My family member recently passed away, and we're considering their estate. How long will the probate process take?

A.

The time it takes an estate to go through probate in South Carolina varies depending on a number of questions, including:

  • Does the deceased have a valid will?
  • Is the Estate complex or large?
  • Is the Will contested?
  • Have any lawsuits been filed?
  • Is the personal representative of the estate efficient?

When conditions are good, a small or simple estate usually takes about a year to close. More complicated estates may take longer.


Q.

My loved one mentioned opening a Trust to protect my assets. What is a Trust, and what Trusts should I consider?

A.

As is the case with most probate decisions, opening a Trust should be based on your unique situation and guidance from your probate attorney in Monarch Mill, SC. With that said, a Trust is meant to hold property for your loved one's benefit. When a Trust is created, assets are transferred into the said Trust and managed accordingly. Though there is a common misconception that Trusts are reserved for the wealthy, just about any family can benefit from opening a Trust.

The most common types of Trusts used in probate include:

  • Living Trust: These trusts are opened and controlled by you while you're still living. When you pass away, the assets in the trust are distributed to the beneficiaries you choose. Typically, these trusts do not go through the probate process.
  • Testamentary Trust: These trusts are usually established after you pass away and are included in your will. These trusts must go through the probate process in South Carolina, though they allow for the distribution of property within a certain time frame.
  • Special Needs Trust: This type of trust gives financial support to your loved one if they are disabled.

When conditions are good, a small or simple estate usually takes about a year to close. More complicated estates may take longer.


Q.

What happens when somebody dies without a will in South Carolina?

A.

When a person passes away without a Will in South Carolina, the state decides who gets their decedent's assets. This is also called passing intestate. When this happens, usually only spouses, blood relatives, or registered domestic partners can inherit property according to intestate succession laws.

Relatives who receive the probate property of the deceased are usually chosen in the following order:

  • Living Spouse
  • Children or Grandchildren
  • Parents
  • Brothers or Sisters
  • Grandparents
  • Uncles and Aunts
  • Extended Family

If you're in need of a veteran probate lawyer in South Carolina, look no further than CDH Law Firm. With years of experience in Estate Administration and probate cases, our team is ready to serve you with excellence and protect your interests. Have additional questions? We're here to help. Contact our office today to learn more about Estate Administration in South Carolina.

Legal Consultation

Law is complicate matter. It can cause you a big problem if you ignore it. Let us help you!

A Caring, Confident Approach to Probate in South Carolina

Planning your estate is the first step to take if you want to protect your family, your assets, your well-being, and the fruits of your hard work.

At CHSA Law, LLC, our team of experienced probate lawyers in Monarch Mill, SC, can help you navigate the entire Estate Administration process. Through creative legal strategies and a clear understanding of your goals and desires, we work together to make your asset and estate visions a reality. It's never too early to get your estate in order. In fact, estate planning is important for everyone, whether you're single or married, young or old, with or without children. If you're ready to protect your assets and be prepared for probate, contact CHSA Law, LLC, today.

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phone-number 843-936-6680

Latest News in Monarch Mill, SC

SERVPRO Is Offering Property Damage Restoration Services In Indian Land, SC

SERVPRO of Indian Land, Cherokee, Union, and Chester Counties is offering local South Carolina homeowners and businesses a full suite of property cleaning, restoration, and construction services.With a range of services that encompasses everything required for a property’s restoration and upkeep, SERVPRO of Indian Land, Cherokee, Union, and Chester Counties has emerged as a trusted leader in the region’s restoration industry. The company bo...

SERVPRO of Indian Land, Cherokee, Union, and Chester Counties is offering local South Carolina homeowners and businesses a full suite of property cleaning, restoration, and construction services.

With a range of services that encompasses everything required for a property’s restoration and upkeep, SERVPRO of Indian Land, Cherokee, Union, and Chester Counties has emerged as a trusted leader in the region’s restoration industry. The company boasts a highly trained team of certified professionals who use the latest restoration technology and cleaning techniques to make short work of even the most challenging projects.

“We offer a 24-hour emergency service to help you immediately deal with problems that threaten your property’s integrity,” says the spokesperson for the company. “As our motto says, Faster to any size disaster™, we are ready to move out every day at any time.”

The company’s full range of services includes water damage, fire damage, mold remediation, storm/disaster, construction, commercial services, specialty cleaning, and general cleaning. It also offers additional services such as air duct/HVAC cleaning, biohazard/crime scene, carpet/upholstery, ceiling/floor/walls, document restoration, drapes/blinds, odor removal, roof tarping/board-up, and vandalism/graffiti cleanup.

SERVPRO of Indian Land, Cherokee, Union, and Chester Counties is locally owned and operated and attributes its success to the highly trained technicians who have grown up and live in the communities they serve which include Gaffney, Chester, Union, Blacksburg, Great Falls, Edgemoor, Jonesville, Buffalo, Chesnee, East Gaffney, Cherokee Falls, Monarch Mill, Carlisle, Lockhart, Fort Lawn, Richburg, Eureka Mill, Indian Land, Van Wyck, and Lowrys.

The company’s spokesperson explains, “As a local leader in the restoration services industry, we take pride in the fact that everyone on our team has a deep unbreakable bond with those we serve. When you call us out for an emergency, we don’t waste any time arriving on site because, at the end of the day, as fellow South Carolinians ourselves, we have the same commitment to you as we do to our friends, neighbors, and family. You just don’t get that level of responsive service and dedication to customer satisfaction from businesses these days. At SERVPRO, we insist on settling for nothing less.”

The company’s well-reviewed service is backed up by a long list of professional qualifications. These include certifications and licenses such as HST - Health and Safety Technician, AMRT - Applied Microbial Remediation Technician, OCT - Odor Control Technician, ASD - Applied Structural Drying Technician, OSHA - 10-hour General and/or Construction Industry Training Program, RRT - Carpet Repair & Reinstallation Technician, WRT - Water Damage Restoration Technician, UFT - Upholstery & Fabric Cleaning Technician, ECTP - Employee Certification Training Program, FSRT - Fire & Smoke Damage Restoration Technician, CMT - Commercial Carpet Maintenance Technician, and RRRP - Lead-Based Paint Activities and Renovation.

SERVPRO of Indian Land, Cherokee, Union, and Chester Counties has received an overwhelmingly positive response from its customers which is evident in the perfect 5.0 rating on its Google Business Profile from over 20 reviews. Customers have repeatedly praised the Indian Land property damage restoration services company for its communicative and professional crew members, fair pricing, and excellent customer service.

A recent review says, “After receiving an astronomical quote from a competitor, the SERVPRO Indian Land team resolved all my issues with a cost-effective solution. They were on time, professional, and exceeded my expectations with the quality of their work. They will be my first call for any flood, fire, or mold issues in the future! I highly recommend.”

Another local customer writes, “Wonderful, friendly, knowledgeable, empathetic personnel. Leaders of teams are very up on what they are doing; what to do; how to do it; how to make the affected parties feel at ease and relaxed to know they are in such competent hands; and what to do next; and keep parties informed.”

Readers looking for property damage restoration in Indian Land can contact SERVPRO of Indian Land, Cherokee, Union, and Chester Counties at (803) 681-2188 24/7 to schedule the company's emergency property damage restoration services.

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For more information about SERVPRO of Indian Land, Cherokee, Union, and Chester Counties, contact the company here:

SERVPRO of Indian Land, Cherokee, Union, and Chester Counties Michael Pezant (803) 581-1570 office@servpro11309.com SERVPRO of Indian Land, Cherokee, Union, and Chester Counties 1057 Red Ventures Dr #145

Monarques Gold signs an agreement to acquire the Beacon mill and property in Val-d'Or

MONTREAL, July 5, 2016 /CNW/ - MONARQUES GOLD CORP. ("Monarques" or the "Corporation") (TSX-V: MQR) (FRANKFURT: MR7) is pleased to announce that it has signed a letter of intent (the "Letter of intent") to acquire the Beacon property from 9265-9911 Québec Inc. (the "Vendor"). The property consists of a metallurgical processing plant, tailings management ponds, underground installations, a 500-metre deep shaft, a mechanical shop and all mineral rights attached to the transaction, namely on...

MONTREAL, July 5, 2016 /CNW/ - MONARQUES GOLD CORP. ("Monarques" or the "Corporation") (TSX-V: MQR) (FRANKFURT: MR7) is pleased to announce that it has signed a letter of intent (the "Letter of intent") to acquire the Beacon property from 9265-9911 Québec Inc. (the "Vendor"). The property consists of a metallurgical processing plant, tailings management ponds, underground installations, a 500-metre deep shaft, a mechanical shop and all mineral rights attached to the transaction, namely one mining concession, one mining lease and 11 mineral claims totalling 180 hectares (the "Beacon property"). The facilities are approximately 60 kilometres from the Croinor Gold property ("Croinor"), and near other properties of Monarques, and other mining companies in the Abitibi-Temiscamingue region (see the map).

The transaction

Monarques has until August 31, 2016, or such other date as the parties may agree, to proceed with the acquisition of the Beacon property in consideration of a $3,500,000 payment, as follows:

i)

$500,000 on closing of the transaction, payable by the issuance of 1,308,900 common shares of Monarques to be issued on or before July 11, 2016, subject to the approval of the TSX Venture Exchange. The share certificate will be held in escrow and remitted to the Vendor on the closing date if all conditions have been met or waived by the Corporation and/or the Vendor; and

ii)

$500,000 payable in cash at the 30th, 36th, 42nd, 48th, 54th and 60th month following the closing of the transaction (the "Deferred Payment").

The Corporation will not pay any interest on the balance payable during the first two years following the closing of the transaction. Thereafter, the amount payable will bear interest at 10% per annum, payable semi-annually.

The processing plant (see the photo) is located on Route 117, at the entrance to Val-d'Or, near Chemin du Lac Sabourin (see the map). The 750-tpd capacity mill has been given a certificate of authorization by the Ministère du Développement durable, de l'Environnement et de la Lutte contre les changements climatiques (the "Ministry") for the processing of 1,800,000 tonnes of tailings, equivalent to approximately nine years of mineral processing at full capacity. This capacity could be sufficient to process all the Croinor ore; a prefeasibility report (read the report) with an effective date of October 7, 2014 and refiled on SEDAR on October 30, 2014 provides for the production of more than 550,000 tonnes of ore over a five-year period. Custom milling and the future development of other Monarques projects are among the options being considered in the various development scenarios for the Corporation.

"Monarques is extremely pleased to have entered into this transaction to acquire the Beacon mill. This is a very opportunistic acquisition for the Corporation," stated Jean-Marc Lacoste, President and Chief Executive Officer. "Not only does this acquisition provides Monarques with a tremendous exploration land package of over 180 hectares including 11 mineral claims, one mining concession and one mining lease, it also provides the Corporation with a mill at a price which is at a fraction of its replacement cost. Owning this mill will insure that the Corporation will be able to process its own ore at such time in the future when it's fully permitted Croinor property is ready to go into production."

The Canadian National ("CN") railway line is less than 500 metres away from the Beacon property, providing Monarques with easy access to the rail network. This will make custom milling accessible to other mining projects in the Abitibi-Temiscamingue region, as well as those in northern Ontario and the Chibougamau region. Monarques has been in talks with CN, the town of Senneterre and the La Vallée-de-l'Or RCM for the past several weeks to assess the various scenarios for rail transport of the Croinor ore, which would minimize the Croinor project's carbon footprint.

Hypothec

The capital and interest will be secured by a first-ranking hypothec on the Beacon property mill.

Principal repayment delay option

The Corporation may, at its option, delay repayment of any of the first three Deferred Payments by giving written notice to the Vendor.

In the event that a Deferred Payment is delayed in accordance with this option, such repayment shall be subject to a premium of 20% and become due for payment in three equal amounts on the 1st business day of the 48th, 54th and 60th month following the closing date. This option applies to both capital payments on the mill and the rehabilitation plan payments and are all starting on the 30th month of the closing or the 48th month depending if the option is exercised.

Rehabilitation plan

Monarques will reimburse to the Vendor the mill rehabilitation plan cash deposits that the Vendor has already paid to the Ministry, as follows:

i)

$452,690 on the closing date in common shares of the Corporation calculated using the higher of (i) the 5-day VWAP on the closing date or the date of the Letter of intent, subject to the TSX Venture Exchange policies and; (ii) the lowest price of any placement in equity occurring between the date of the Letter of intent and the closing date, taking into consideration any discounts and fees associated with such raise.

ii)

A sum of $900,000 that will be repaid in six consecutive equal payments of $150,000, starting at the 30th month following the closing of the transaction and payable semi-annually until the 60th month. An interest holiday will apply for the first two years following the closing of the transaction, after which an interest of 10% per annum will be payable semi-annually.

According to a preliminary report prepared for Monarques by WSP Inc. of Val-d'Or in November 2014, the mill requires between $2M to $3M in upgrade work.

Exploration potential

The old Beacon mine lies on the southeast contact of the Bourlamaque batholith, which hosts a significant number of mines, including the Sigma, Lamaque, Belmoral, Dumont, Lac Herbin and Beaufort mines. Both the geological context and the results of previous work indicate that this property is an excellent exploration play.

Terms of the agreement

The agreement is subject to:

i)

the completion of a due diligence review of the Beacon property, including but not limited to the mining rights, processing plant, surface and underground infrastructure, and engineering reports, to Monarques's satisfaction;

ii)

the completion of a due diligence review of Monarques by the Vendor;

iii)

regulatory and Ministerial approvals; and

iv)

negotiation and signature of the formal deeds of sale and hypothec.

The technical and scientific content of this press release has been reviewed and approved by Donald Trudel, P.Geo., B.Sc., the Corporation's Qualified Person under National Instrument 43-101.

ABOUT MONARQUES GOLD

Monarques Gold is a growing junior gold company focused on becoming the leading explorer and developer of gold properties in the Val-d'Or/Abitibi gold camp in Quebec, Canada. The Corporation currently has approximately 200 km² of gold exploration properties along the Cadillac Break, including its main asset the Croinor Gold mine, which has a great potential of becoming a producing mine. Monarques Gold is well financed and has over $9 million in credits from Quebec's Ministry of Energy and Natural Resources.

Forward-Looking Statements

The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarques' actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX Venture Exchange nor its Regulation Services. Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

SOURCE Monarques Gold Corporation

From Feasting to Flying to Fasting

The blossoming butterfly buffet of goldenrod, swamp sunflower, and sneezeweed along roadsides, across fields, and in gardens signals fall migration time for monarch butterflies. During spring and summer, monarch butterflies breed throughout the U.S. and southern Canada.In fall, the eastern monarch population migrates to Mexico. Some travel a distance of 3,000 miles. These long distance daytime migrants consume a diet of sugar, amino acids and fatty acids obtained by nectaring on flowers. Monarchs gain weight as their body converts nec...

The blossoming butterfly buffet of goldenrod, swamp sunflower, and sneezeweed along roadsides, across fields, and in gardens signals fall migration time for monarch butterflies. During spring and summer, monarch butterflies breed throughout the U.S. and southern Canada.

In fall, the eastern monarch population migrates to Mexico. Some travel a distance of 3,000 miles. These long distance daytime migrants consume a diet of sugar, amino acids and fatty acids obtained by nectaring on flowers. Monarchs gain weight as their body converts nectar to fat. The fat is stored in their abdomen and becomes the energy used to fuel the flight to Mexico. More importantly, fat is the only reserve food available to them during a five month fast from November to March while overwintering in the Oyamel forests, a mountain habitat of central Mexico. The fat reserve must also fuel the monarch’s spring migration north to Texas as they develop their reproductive organs, breed, lay eggs and then die. The eggs laid become the first of four generations to journey north annually.

Gardeners can provide a fall feast of high nectar plants for monarchs. It takes timing plants to bloom when monarchs pass through the Midlands. The following selection of native perennials bloom late summer through fall in South Carolina: •New England aster—Symphyotrichum novae-angliae •False boneset—Brickellia eupatorioides •New York Ironweed—Vernonia noveborancensis •Giant Ironweed—Vernonia gigantea •Blue mistflower—Conoclinium coelestinum •Obedient plant— Physostegia virginiana •Bitter Sneezeweed—Helenium amarum •Swamp sunflower— Helianthus augustifolius •Woodland sunflower— Helianthus divaricatus •Camphorweed—Pluchea odorata

Two non-native nectar plants visited by monarchs in the midlands are Lantana camara and Tithonia rotundifolia.

In fall, milkweed, the monarch’s larval host plant, is senescing. But native milkweed is a perennial and returns in spring for the life cycle of the monarch to continue. While the adult monarch is a generalist when it comes to nectar sources, the larvae are specialists requiring milkweed for metamorphosis.

Of the 75 species of milkweed native to North America, 20 are found in South Carolina. Four milkweed species sold as seed at everwilde.com and ernstseed.com are: •Asclepias tuberosa—Butterfly Milkweed •Asclepias incarnata— Swamp Milkweed •Asclepias syriaca—Common Milkweed •Asclepias verticillata— Whorled Milkweed

North American native plant societies are a reliable source for monarch nectar and host plants. The Midlands Chapter of the South Carolina Native Plant Society is hosting a native plant sale October 14 and 15 at Roberts Mills House. Since monarchs inhabit and migrate through the Midlands, home gardeners, K-16 schools, businesses, city and state road crews, public gardens, and nursing homes can add native nectar plants to the monarch butterfly’s diet for feasting, flying, and fasting.

References Hurwitz, Jane— Butterfly Gardening: The North American Butterfly Association Guide Tallamy, Doug— Nature’s Best Hope Xerces Society— 100 Plants to Feed the Monarch

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Monarch Butterfly Migration in North Carolina

Each year, monarch butterflies travel more than 2,000 mi (3,218 km) one-way in search of a better climate. In the fall, they change their location from colder Canada and the US to sunny Mexico. And in the spring, they return to the north. In both cases, Asheville and the surrounding area are known as a usual stop of their journey. Around 300 million of them stay in North Carolina for a few weeks to enjoy their favorite milkweed and other nectar plants.There are ma...

Each year, monarch butterflies travel more than 2,000 mi (3,218 km) one-way in search of a better climate. In the fall, they change their location from colder Canada and the US to sunny Mexico. And in the spring, they return to the north. In both cases, Asheville and the surrounding area are known as a usual stop of their journey. Around 300 million of them stay in North Carolina for a few weeks to enjoy their favorite milkweed and other nectar plants.

There are many North Carolina locations where you can watch butterflies, but the best of them are hidden in the Blue Ridge Parkway and the Great Smoky Mountains. Hike to the Orchard at Altapass, Pounding Mill Overlook, Cherry Cove Overlook, Mount Pisgah, or Black Balsam. At these places, you are guaranteed to see butterflies in their comfortable humid environment.

Butterflies occur in the state twice a year: from May to July when they return from wintering and from mid-September to early October when they fly south.

Practical info

Monarch butterfly migration through North Carolina occurs twice a year, from May to July when they return from wintering, and from mid-September to early October when they fly south. Around 300 million Monarch butterflies pass through North Carolina, stopping to rest, feed, and mate before continuing their journey.

The Monarch butterfly migration can be observed along the Blue Ridge Parkway and the Great Smoky Mountains in North Carolina, where the butterflies fly at the treetop level. Some popular spots to see them include the Orchard at Altapass, Pounding Mill Overlook, Cherry Cove Overlook, Mount Pisgah, and Black Balsam.

Upon arrival in North Carolina, Monarch butterflies stay for a few weeks, feeding on their favorite milkweed plants, one of the only plants Monarch caterpillars feed on, and other nectar plants. They then continue their journey, either north or south, depending on the season and weather patterns.

During their migration, Monarch butterflies feed primarily on milkweed plants in North Carolina. This state provides the butterflies with a sufficient supply of milkweed plants, allowing them to sustain their journey. Additionally, they also feed on other plants, such as goldenrod, thistle, and ironweeds, which give them the energy required to continue migratory flights.

Around 300 million Monarch butterflies migrate through North Carolina each year, representing one of the most critical stopovers for Monarchs. Although the actual figure may depend on weather patterns, this location is an ideal setting for the butterflies to rest and feed before completing their long journey north or south.

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Monarch Finances South Carolina Affordable Housing

ESG investment firm Monarch Private Capital has closed on $23 million in low-income housing tax credit equity for the development of Bridge Creek Pointe, a three-building, 90-unit garden-style affordable housing community located at 1 Oak Forest Road in Spartanburg, S.C. Monarch is partnering with Prestwick Development for the project’s planning. The community is expected to open in April 2024.Bridge Creek Pointe’s full build-outAfter its construction finishes, Bridge Creek Pointe...

ESG investment firm Monarch Private Capital has closed on $23 million in low-income housing tax credit equity for the development of Bridge Creek Pointe, a three-building, 90-unit garden-style affordable housing community located at 1 Oak Forest Road in Spartanburg, S.C. Monarch is partnering with Prestwick Development for the project’s planning. The community is expected to open in April 2024.

Bridge Creek Pointe’s full build-out

After its construction finishes, Bridge Creek Pointe will offer one-, two- and three-bedroom living arrangements for renters earing 60 percent or below the area median income. Units will feature full kitchens, as well as in-house washers and dryers. Community amenities include a common room, fitness center and business center, with the buildings connected through landscaped courtyards. The development is expected to substantially contribute to the city’s economy by creating 145 jobs and generating more than $10.5 million in revenue in its first year, according to data from the National Association of Home Builders.

The community will be located within 5 miles of central Spartanburg. Situated along interstates 85 and 26, Bridge Creek Pointe has quick access to much of Spartanburg County, which hosts seven universities, as well as industrial and manufacturing facilities from high-profile companies including BMW Manufacturing, Michelin and Adidas.

Monarch’s Palmetto State affordable projects

Bridge Creek Pointe marks Monarch’s latest investment in affordable housing communities around South Carolina. At present, the Palmetto State is experiencing an 85,571-unit shortage of homes, according to data from the National Low Income Housing Coalition. Such a shortage has been exacerbated by a backlog in the state’s pipeline due to low supply and labor costs.

Monarch’s capitalization of Bridge Creek Pointe is the firm’s latest in a series of investments around the state. In August 2022, the firm negotiated the $40 million funding of Gateway at Cross Creek, a 168-unit community in the town of Central. In April of that year, the company provided further low-income housing tax credits for construction of The Villages at Congaree Pointe, a 240-unit community in Columbia.

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