TFE Talks: Navigating Wealth, Business, and Legacy

In this episode of TFE Talks , Jordan Goewey and Mira Prisco break down the importance of having a healthcare power of attorney, especially in light of recent regulations in South Carolina. They explain what the document is, when it becomes effective, and why every adult, regardless of age or assets, should designate a trusted agent to make medical decisions if they become incapacitated. The conve...

In this episode of TFE Talks , Jordan Goewey and attorney Maisie Greene break down the practical side of trust funding and why simply signing a trust document is not enough. They explain how assets actually pass at death, why avoiding probate matters, and how to properly title or designate beneficiaries on checking and brokerage accounts, real estate, vehicles, personal property, business interest...

In this episode, Jordan Goewey and Mira Prisco discuss why it is crucial to clearly define “children” and “descendants” in estate planning documents, especially for long-term trusts and multigenerational plans. They explore how blended families, adoption, IVF and other assisted reproductive technologies, posthumous children, and out-of-wedlock births can complicate who is legally considered an hei...

In this episode of TFE Talks , Jordan Goewey and associate attorney Ben Ferris unpack the crucial difference between employees and independent contractors and why that distinction matters for business owners. They discuss how misclassification can create legal and tax risks or unnecessarily increase costs, and explain the key factors authorities like the IRS look at, especially who controls day-to...

In this episode of TFE Talks, Jordan Goewey and Matt Edwards break down indemnification provisions in business purchase agreements, especially in the context of selling a business. They explain how representations and warranties are promises sellers make about their business, and how indemnification provisions act like an insurance policy for buyers when those promises turn out to be untrue. The c...

In this episode of TFE Talks , David Thompson and estate planning specialist Jordan Goewey break down how irrevocable life insurance trusts (ILITs) work and why they matter for high-net-worth individuals. They explain when life insurance can become estate taxable, the concept of “incidents of ownership,” and how moving policies into an ILIT can keep proceeds outside the taxable estate while still...

In this episode of TFE Talks , David Thompson and Jordan Goewey discuss the essential role of powers of attorney (POA) in estate planning. They explain what a power of attorney is, the difference between financial and health care powers of attorney, and key terms like “durable” and “springing.” The conversation covers broad vs limited financial powers of attorney, how to choose and structure agent...

In this episode of TFE Talks , host Jordan Goewey talks with new attorney Maisie Greene about her path from the Chicago suburbs to Wake Forest University, Washington University in St. Louis School of Law, and ultimately to Spartanburg, South Carolina. Maisie explains how her experience at a large St. Louis firm in estate planning and business law prepared her to bring big-firm expertise to a focus...

In this episode of TFE Talks , attorneys Jordan Goewey and David Thompson discuss the pros and cons of different business entities, focusing on corporations, S corporations, LLCs, and professional associations in South Carolina. They explain key concepts such as corporate formalities, double taxation, S corp election benefits, and unique requirements for professional practices. Listeners will lear...

In this episode of TFE Talks , attorneys Jordan and David discuss the importance of choosing the right business entity, exploring sole proprietorships, general partnerships, limited partnerships, and LLCs. They break down the tax implications and liability concerns for each structure, emphasizing how the default choices can impact your personal assets and business risks. Listeners will learn why p...

In this episode of TFE Talks , attorneys Jordan Goewey and Parker Baker break down the complex topic of Section 754 elections in partnership taxation, explaining when and why these elections matter. Listeners learn the difference between inside and outside basis, the tax implications of partnership interest transfers, and the importance of timely making a 754 election. Key takeaways include being...

In this episode of TFE Talks , Attorneys Jordan Goewey and David Thompson break down the essentials of community property vs. separate property states, highlighting the unique legal frameworks, tax advantages, and estate planning implications, especially for clients moving between states. The discussion covers which states have community property laws, the substantial income tax benefits of commun...

In this episode of TFE Talks , Jordan Goewey and Parker Baker break down the complex topic of the Delaware Tax Trap, a strategic estate planning tool that can boost tax efficiency for beneficiaries of irrevocable trusts. They explain what the Delaware Tax Trap is, when and how to leverage it for a basis step-up on appreciated assets, and the pros and cons of using a beneficiary’s will versus decan...

In this episode of TFE Talks, Jordan Goewey and Parker Baker break down the complexities of holding S corporation shares in trust, exploring the differences between grantor trusts, QSSTs, and ESBTs, and their respective tax implications. They discuss the importance of careful estate and business planning to avoid costly mistakes like inadvertent S corporation termination, and offer practical advic...

In this episode of TFE Talks , Jordan Goewey and Matthew Edwards explore the importance of prenuptial agreements in the context of estate planning and business succession. They explain what prenups are, why it’s crucial to set them up before marriage rather than after, and how they interact with South Carolina law, including the concept of the elective share. Listeners will learn about the legal r...

In this episode of TFE Talks , attorneys Jordan Goewey and David Thompson break down the latest changes to South Carolina trust law, focusing on grantor trust reimbursement, expanded powers of appointment, and the extension of the rule against perpetuities to 360 years. They discuss how these updates offer greater flexibility, enhanced creditor protection, and new planning opportunities for client...

In this episode of TFE Talks , Jordan Goewey and Matthew Edwards discuss the critical role of buy-sell agreements in business ownership. They explain what buy-sell agreements are, the differences between cross purchase and redemption types, common triggering events, and various methods for valuing a business. The conversation also covers strategies for funding buyouts, the best timing for creating...

In this episode of TFE Talks , listeners are introduced to Ben Ferris, the newest associate at Thomas, Fisher & Edwards. Ben shares his educational background, journey from Charlotte to Greenville, and what drew him to estate planning and business law. The conversation highlights his passion for helping families build lasting legacies, his positive impressions of the firm’s culture, and his eagern...

In this episode of TFE Talks , Jordan Goewey and Parker Baker discuss the critical role of letters of intent (LOIs) in the business sale process. They explain what LOIs are, their importance in setting the stage for negotiations, and the distinction between binding and non-binding provisions—particularly confidentiality and exclusivity clauses. The conversation also highlights how buyers and selle...

In this episode of TFE Talks , host Jordan Goewey introduces Mira Prisco, the newest associate at Thomas, Fisher & Edwards. Mira shares her educational journey through Clemson, LSU, and the University of Florida, her passion for combining law and accounting, and her reasons for joining the firm. The episode also features a fun lightning round revealing Mira’s personal favorites. Listeners will get...

In this episode of TFE Talks, Attorneys Jordan Goewey and Matthew Edwards break down the "One Big Beautiful Bill Act," highlighting its major changes to tax law and estate planning. They discuss the permanence of increased estate and gift tax exemptions, the qualified business income deduction, new opportunities with qualified small business stock and opportunity zones, the introduction of "Trump...

In this bonus episode of TFE Talks , host Jordan Goewey interviews law clerks Justin Manson and Meredith Watson about their summer at Thomas, Fisher & Edwards. Justin and Meredith discuss their backgrounds, what drew them to the firm, and their impressions of its collaborative and supportive culture. The conversation also highlights the importance of mentorship, continuous learning, gaining practi...

In this episode of TFE Talks , host Jordan Goewey welcomes Parker Baker as the pair dives into the critical process of corporate cleanups in preparation for a business sale. Parker explains that corporate cleanups involve ensuring all business documentation—from ownership records to tax filings—accurately reflects the company's current state. They also discuss common issues like incorrect sharehol...

In this episode of TFE Talks , attorneys Jordan Goewey and David Thompson dive deep into the complex world of probate, demystifying the legal process of estate administration. David explains probate as both the legal validation of a will and the process of managing a deceased person's assets, highlighting key aspects such as the role of a personal representative, potential privacy concerns, and th...

In this episode of TFE Talks , host Jordan Goewey welcomes Matt Edwards as they dig into income tax basis, explaining how it determines taxable gains when selling assets. During the conversation, Jordan and Matt explore how basis is established through purchase, gifting, or inheritance, with a particular focus on the critical "step-up in basis" rule that occurs when assets are inherited. The podca...