Estate planning contemplates two different general time periods: During life and after your death. Estate planning needs also vary based on the goals you are trying to achieve. For example, after death, do you simply wish to transmit your assets, or do you wish to provide your loved ones with asset protection, tax protection, divorce protection, or other benefits?In my previous blog, I examined the simplest estate plan: doing nothing. In this blog, we’ll look at a plan which is very simple, … [Read more...]
Age-Related Retirement Milestones
Written by: Stephen C. Hartnett, J.D., LL.M.There are many milestones in retirement. Financial advisers might advise that you achieve certain financial benchmarks by specific ages or stages in your life. They might advise that you have a certain multiple of your salary by specific ages. Or, they might advise having a nest egg of a particular size before you retire. Here’s a retirement calculator that might help you determine your progress as you plan for retirement.But, there are certain … [Read more...]
New Terminology
Do you suffer from T.I.O.? Thompson Law is here to help! … [Read more...]
Momma Said
How will it go if the children do what Momma (or Daddy) said? … [Read more...]
Education – No One Can Take it from You
Leave a legacy you believe in. … [Read more...]
Purpose in Pain
Carolyn shares her story of how she found purpose in pain. … [Read more...]
Living Your Legacy Now
I recently had the privilege of visiting with Bernard and Glenda, and they graciously agreed to let me share the story of their awesome summer adventure. Here at Thompson Law, P.C., we love to hear about clients who are really living life!The entire family traveled from all over the country (a group of 18) to spend the week enjoying the Outer Banks in North Carolina. Bernard and Glenda’s grandchildren had the chance to play with their cousins, aunts, and uncles. The family spent their days … [Read more...]
Family First
Your core convictions can determine success. … [Read more...]
Epiphany
This is the beginning, not the end. This is about life, not death. … [Read more...]
Travis Benson becomes certified Farm Succession Coordinator
Thompson Law, P.C. Attorney Travis Benson is now a certified Farm Succession Coordinator! He completed his certification in the fall of 2017 through the International Farm Transition Network (IFTN). Following the farm crisis, IFTN was founded to promote and provide support to farmers and their families on strategic business planning, management, and succession planning. IFTN has devoted 25 years to supporting and promoting programs that help farming families plan for the transfer of their … [Read more...]
