Saturday, September 23, 2017

Trusted Legal Counsel to Develop Your Estate Plan

As part of the estate planning process, you should consider a Power of Attorney. A Power of Attorney allows you to give another person the authority to act on your behalf. As the “principal,” you have several options as to what type of power you wish to grant your “agent.” Depending on what you are trying to accomplish with the Power of Attorney, the trusted estate planning attorneys at the Law Office of Carey Thompson, P.C.
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Monday, August 28, 2017

The Benefits of a Lady Bird Deed

Also referred to as an “enhanced life estate deed,” the lady bird deed is a useful estate planning tool that allows for the automatic transfer of property to a designated beneficiary upon death. It also has the added benefit of allowing you to retain full ownership rights of the property during your lifetime. It is very similar to the traditional life estate deed, but the added benefit is that you, as the property owner, can still sell, mortgage, or make other property related transactions without seeking the approval from the “remainderman” or “remainder beneficiaries.
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Friday, August 25, 2017

How do I form an S Corporation?

If you are thinking about starting your own business, you know that there are a lot of decisions to make. The first of which is what type of business structure you should have. Many small businesses consider becoming Subchapter S Corporations and for good reasons. This type of corporate structure can separate your personal assets from business liabilities, thus allowing you to protect your personal property. Additionally, an S corporation is not subject to the income taxes the Internal Revenue Service applies against C corporations.

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Tuesday, August 1, 2017

Welcome to our new website!

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