– Legal Insights –
For many business owners, their business is one of the most valuable and important things they own. When it is time to sit down and create an estate plan, it is critical that business owners plan for their business just as they would plan for their home or finances. Effective...
Filter By:
This workshop will serve as an introduction to various techniques and tools used in creating an effective Estate Plan such as Revocable Living Trusts, Wills, Powers of Attorney, and Health Care Directives. This workshop will cover: “The Basics of All Estate Plans” Explains: Revocable Living Trusts, Wills, Powers of Attorney,...
What Is Self-Dealing in Trust Administration? A trustee usually has quite a bit of discretion in their management of a trust’s accounts, money, and property (known as assets). At the same time, as a fiduciary, a trustee also owes the trust’s beneficiaries a duty of loyalty, which prohibits the trustee...
In what area of law do you practice and why did you choose this? Litigation What did you want to be when you grew up? A rare book trader and bookbinder in the vein of Mortimer Folchart. When did you decide you wanted to be a lawyer? Probably in High...
In 2011, a class action lawsuit was filed against seven tech companies, including Apple, Google, and Intel, alleging that these companies had for years secretly agreed not to solicit or recruit the others’ technical, creative, R&D, and other salaried employees, leading to suppression of employee pay and mobility within the...
Americans have enjoyed historically high estate tax exemption rates for most of the last twenty years. Such high exemption amounts have kept many of them from needing to seek out more advanced estate planning strategies to avoid estate taxes, which have been as high as 60 percent during those same...
How to do a trademark clearance search Suppose you are brainstorming company names or brands for your goods or services and have a list of potential candidates. One way to help narrow this list of proposed marks is to investigate whether the proposed marks are legally protectable through federal registration...
In what area of law do you practice and why did you choose this? Estate Planning, Probate & Trust Administration, Real Estate, Landlord/Tenant, and legal counsel for small businesses. I have found these areas are relevant to most people’s every day lives. What did you want to be when you...
In the world of estate planning, you may come across the acronym HEMS from time to time. HEMS stands for “health, education, maintenance, or support” and is frequently included in trust agreements to guide a trustee on the types of distributions they may make to a trust beneficiary. When a...
The limited liability company (LLC) is a popular business structure that offers liability protection and avoidance of double taxation. Trusts are popular asset transfer vehicles that allow you to avoid probate and keep assets out of the hands of creditors. By placing LLC membership interests in a trust, business owners...
As COVID continues and another flu season looms on the distant fall horizon, the City of Bloomington has passed the new Earned Sick and Safe Leave Ordinance. Bloomington joins Minneapolis, Saint Paul, and Duluth as the fourth city requiring Sick and Safe Leave for employees. The new ordinance will go...