If you don’t remember how long it has been since you last reviewed your estate planning documents, it’s been too long. The National Association of Estate Planners & Councils, a group devoted t...
Do Your College-Bound Kids Need Wills?
Sending your kids off to college is exciting – and somewhat terrifying. Once you get through the hassles of college admission and financial aid, there’s a long list of things to do and supplies to...
What to Include in Your Master Service Agreements
If your company provides professional services to clients, then you’re already familiar with master service agreements. Usually called an MSA, this type of contract is spells out important agreement...
Strategies for Reducing Your Estate Tax Burden
All estates face compliance with Internal Revenue Service estate tax regulations. Only 18 states, including Minnesota, still impose estate or inheritance taxes. Although the Minnesota estate tax rate ...
5 Issues to Review as Your Fiscal Year End Looms
On December 31st, our minds often turn from what we’ve done the past year to what we hope to accomplish in the coming year. Sometimes, we need to tie up loose ends. Companies facing the end of a fis...
Should My Company Hire Employees or Independent Contractors?
Deciding whether a worker is an ‘employee’ or an ‘independent contractor’ is a common headache for business owners. The classification of workers affects the relationship between owners and wo...
What to Look for in an Estate Planning Attorney
Everyone needs an estate plan. As Benjamin Franklin said, “By failing to prepare, you are preparing to fail.” Someone with no Will or with an out-of-date Will needs the services of a qualified est...
Risk Mitigation Through Good Corporate Governance
Risk. We can say it’s just a part of doing business, but it’s certainly a part we’d like to minimize. One way to lower risk and reach the highest level of mitigation possible is through good cor...
Minnesota’s New Minimum Wage Standard
Minimum wage rates are being debated nationwide and in our own state. Laws often change to reflect new societal attitudes and conditions, and Minnesotan laws are no exception. Business owners may be c...
VIP Member of a Wealth Management Team: Your Directed Trustee
Effective wealth management requires a team of dedicated professionals, people who tailor a plan that pinpoints their client’s financial and legal needs. One client may need a special retirement acc...