Many Americans dream of starting and running their own business. But how many people realize the nightmare that occurs if a business owner ignores important legal issues. We can’t cover every detail...
Testamentary vs. Living: Important Differences Between Two Trusts
Choosing between two things can be almost impossible. Knowing more about your choices can make the decision a little easier. For example, a woman named Clarice B. was finally ready to tackle her estat...
Tips for Preventing ADA Violations When Hiring
The Americans with Disabilities Act (ADA) addresses the issues disabled people face. This includes unfair hiring and employment practices. Title I of the ADA prohibits discrimination with job applicat...
The European GDPR Effect on American Business
On May 25, 2018, the European Union’s broad new privacy laws went into effect. The General Data Protection Regulations (GDPR) are designed to protect the personal information of consumers, or data s...
Health Care Directive: Who Can Serve as My Agent?
Peter and Carolyn M. want to update their estate plans. It has been 20 years and all their documents are outdated. They also each need to prepare a health care directive. When it came time to name hea...
What is a GRAT?
It sounds like a character from the movie Guardians of the Galaxy, but it’s not. No, GRAT stands for Grantor Retained Annuity Trust (GRAT). For some, this type of trust can make a big difference in ...
Good Contracts = Good Business Relationships?
Does having a good contract in place mean the end to business disagreements? No. However, it might make them less likely to occur. At the very least, a strong contract will set out ways to handle disa...
Minnesota Partnerships: Choosing the Right Type
Sometimes choosing between two or more choices doesn’t take a lot of thought process. For example, you only have to think about taste when picking between vanilla and chocolate ice cream. But what a...
2019 Estate Tax and Gift Tax Limits
It seems that taxes permeate our lives. From sales tax to income taxes, we’re always facing another tax. Two taxes specifically affect estate planning: estate tax and gift tax. The Internal Revenue ...
3 Little Known Benefits of Trusts
Chances are, you’ve heard of trusts. You may know that trusts are used for estate planning but have a very vague idea of how they actually work. In fact, even people who have formed a trust may not ...