– 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...
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In the United States, companies are still primarily under a “self-regulation” model when it comes to privacy considerations. There are exceptions for regulated entities (i.e. financial institutions subject to Gramm-Leach-Bliley Act and healthcare providers subject to the Health Information Portability and Accountability Act) which must follow statutory based regulations on...
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The Departments of Commerce and Labor and Industry published Bulletin 2010-4 (the Bulletin) in 2010 to address complaints of consumers and the insurance industry regarding perceived abusive practices being done by building contractors. In particular, consumers were concerned about contract language that required payment even if the homeowner did not...
The recent tornados in the Twin Cities area announced the arrival of the Minnesota severe weather season very loudly. The storms that have occurred to date have caused significant damage in or around the Twin Cities area and putting homeowners’ in very difficult circumstances. The damage to those homes will...
The Federal Housing Administration (FHA) released a detailed update to existing condominium underwriting regulations on June 30, 2011 with new requirements effective for all approval application packets submitted on or after August 30, 2011. In 2010, FHA-insured mortgages accounted for more than one-third of all condominium purchases nationwide. Many other...
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Unity in the Community: It Starts with Effective Board Members For any newly-elected Board member, the responsibilities and obligations of the job can be daunting. Taking those responsibilities and obligations seriously is important, not only because it’s the “right thing to do,” but also because doing so is in the...
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With the advent of Facebook, LinkeIn, MySpace, Twitter, and other content on the internet, it is inevitable that most employers will make use of such information to screen job applicants, monitor existing employees, and ultimately make employment decisions. For employers, the question is whether such developments are a positive innovation...
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I was fortunate enough to be able to participate in the Hennepin County Judicial Ride-Along Program last spring. My interest was piqued after reading the January 2010 article from Chris Morris who also participated in this program. Quite simply, this is an opportunity not to be missed by lawyers practicing...
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Call me a law nerd if you want, but I spend a lot of time thinking about legal strategies. I know my clients will thank me for it. Here’s something advisors need to consider: Taken from a tax standpoint, would your high-networth clients be better off making large charitable contributions...
Fall is on its way and with it comes the annual ritual of the “fall clean up”. The busy season of the spring and summer may be winding down or new types of project may be on the horizon. Either way, for contractors, an annual “fall clean up” for contractors...
According to the 2010 U.S. Census, 48% of owner-occupied homes and 26.2% of rental homes nationwide contained one or more persons age 55 or older. In Minnesota, 24.8% of the State’s population is 55 years of age or older and 22.8% of all households contains at least one person who...