Norman thought estate planning was unnecessary. After all, his family and friends knew what he wanted. He trusted them to carry out his wishes after he was gone. Norman did not realize how his failure...
Filing Your Company’s Minnesota Annual Renewal
The Minnesota Widget Company was ready to close its 2017 books early. Too early. They had forgotten to file their Minnesota annual renewal form. Fortunately, they found instructions and forms online. ...
Digital Estate Planning: What Your Executor Needs to Know
Sometimes there’s more to a person than meets the eye. This seems especially true during our increasingly digital age. For example, a man named Adam S. passed away unexpectedly. He left behind a wif...
What Does a Trust Administrator Do?
Trusts are not empty vessels. They contain trust assets and those assets won’t manage themselves. A trust administrator may be needed to keep a trust humming along. As you explore the possibility of...
What Does a Trust Protector Do?
A trust protector is an independent person or institution with authority over certain aspects of a trust. The main role is making sure the wishes of the person who established the trust (the settlor o...
Asset Protection Strategies
You’ve worked hard for your assets. Why not try to protect them? Some people may need to use asset protection strategies because they work in a high-risk profession. Others may want to protect asset...
Should I Form an S Corporation or a C Corporation?
It all starts with an idea. The idea grows into a plan, then a business. Somewhere along the way, the budding business owner picks a business entity. It may all come down to whether he or she should f...
Should You Sell Your Family Business?
Smith & Sons, Inc., had been in business for several generations. The current CEO, Henry S., had concerns about the company’s viability. Henry weighed his options carefully. One possible solutio...
5 Tips for Avoiding a Will Contest
Will contests can be heartbreaking. Family bonds may be irrevocably broken as feuds start that may last for years. It doesn’t have to be that way. Please read on to learn five tips for avoiding a Wi...
Arbitration or Mediation?
Disagreements happen, even in business and even when a good contract is in place. Sometimes one of the parties to a dispute will file a lawsuit. However, another option is alternative dispute resoluti...