Thompson Law, PLLC becomes Thompson Law on July 1, continuing 46 years of estate and farm planning in the Grand Forks Region. GRAND FORKS, N.D. — Thompson Law, PLLC, one of the region's most established estate planning practices, will operate under a new name beginning July 1, 2026. The firm becomes Thompson Law, PLLC (“Thompson Law”) following a planned transition intended to ensure the practice remains strong and well-staffed for the families who have relied on it for … [Read more...] about Thompson Law, PLLC becomes Thompson Law, effective July 1, 2026
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Important Steps to Take after an Alzheimer’s Diagnosis in North Dakota
Receiving an Alzheimer’s diagnosis often changes nearly every aspect of how you and your family view the future. What begins as a medical discussion frequently develops into a broader conversation about independence, financial security, caregiving responsibilities, and long-term decision-making. Families commonly experience fear, grief, and uncertainty during the early stages following diagnosis because Alzheimer’s disease introduces a gradual but ongoing decline in cognitive functioning. … [Read more...] about Important Steps to Take after an Alzheimer’s Diagnosis in North Dakota
How Can I Protect My Child’s Inheritance If I Remarry?
You may view remarriage as an opportunity to begin a new and meaningful phase of your life, but if you have children from a prior relationship, you may also be concerned about your financial and legal responsibilities as they relate to your remarriage. Estate planning in this context requires careful attention because the estate planning structure that worked during your first marriage may no longer serve your goals. If your objective includes preserving assets for your children while also … [Read more...] about How Can I Protect My Child’s Inheritance If I Remarry?
Minnesota Trust Administration Guide
Trusts play a central role in modern estate planning because they offer a high degree of flexibility, privacy, and control over how your assets are managed and ultimately distributed. Creating a trust is only the first step though because the long-term success of that trust depends on the individual or institution you select to serve as Trustee. Administration requires ongoing involvement, careful decision-making, and strict compliance with both the trust document and Minnesota law. If you are … [Read more...] about Minnesota Trust Administration Guide
How Estate Planning Can Help You Avoid Guardianship in North Dakota
Planning for the possibility of future incapacity can be uncomfortable, but doing so is essential to create a well-structured and comprehensive estate plan. As you grow older and/or encounter medical challenges, the likelihood of experiencing some degree of diminished cognitive or physical capacity increases. If you arrive at that point without appropriate legal preparation, your family may be forced to initiate court proceedings to obtain authority to act on your behalf. That process typically … [Read more...] about How Estate Planning Can Help You Avoid Guardianship in North Dakota
Adding a “Legacy Letter” to Your North Dakota Estate Plan
When you think about what you will leave behind, your attention may naturally turn to tangible assets such as real estate, savings, investments, or family heirlooms. Those items carry value and often represent years of effort and sacrifice. At the same time, some of the most meaningful gifts you can offer are not financial at all. Your words, your life experiences, and your personal perspective can have a lasting impact that extends well beyond any material inheritance. An attorney at Thompson … [Read more...] about Adding a “Legacy Letter” to Your North Dakota Estate Plan
Succession Planning in Your Estate Plan for Your Minnesota Farm
If you own a Minnesota farm, you are undoubtedly familiar with the concept of hard work and dedication. Your farm may have been in your family for generations, meaning you have an emotional as well as financial commitment to it. To protect both your emotional and financial investment, you must take steps within your estate plan to preserve your family legacy. Toward that end, an attorney at Thompson Law discusses succession planning in your estate plan for your Minnesota farm. Why Is … [Read more...] about Succession Planning in Your Estate Plan for Your Minnesota Farm
Recognizing the Warning Signs of Alzheimer’s Disease
Alzheimer’s disease touches a growing number of families across the United States, and its presence is increasingly felt in states with aging populations such as North Dakota. As life expectancy rises, more individuals face the realities of cognitive decline, making awareness of Alzheimer’s especially important. You may already know someone living with the condition, or you may one day find yourself helping a loved one navigate its progression. Gaining a clear understanding of how Alzheimer’s … [Read more...] about Recognizing the Warning Signs of Alzheimer’s Disease
Understanding Medicaid Estate Recovery in Minnesota
When you begin thinking about your estate plan, it is easy to focus on Wills, trusts, and how your assets will be distributed after your death. At the same time, you need to account for the possibility that you may require long-term care at some point in your life. If that occurs, Medicaid often becomes the primary source of financial assistance. Failing to incorporate Medicaid planning into your overall strategy can expose your assets to significant risk, even after you qualify for benefits. A … [Read more...] about Understanding Medicaid Estate Recovery in Minnesota
Succession Planning for Your North Dakota Ranch
For many ranch owners, their ranch is much more than a business. It represents their livelihood, their family’s heritage, and a legacy they hope to preserve for future generations. Operating a ranch, however, requires constant dedication, long hours, and significant financial investment. Because so much value and history can be tied to a ranching operation, planning for the future of that operation is essential. Unfortunately, however, ranch owners often focus on the daily responsibilities … [Read more...] about Succession Planning for Your North Dakota Ranch
