Identical bills have been introduced in the U.S. House and Senate that would permanently repeal the federal estate tax and generation-skipping transfer (“GST”) tax. Overview of Current Federal Est...
Asset Protection Opportunity: Retirement Trust
If you’re considering organizing your assets in a way that will let you maximize your retirement savings, you’ve probably considered setting some aside in an individual retirement trust. These tru...
What Purpose do NDAs Serve in M&A Transactions?
A nondisclosure agreement (NDA) or confidentially agreement is often the first step when businesses are conducting business together or considering a merger or acquisitions transaction. The purpose of...
Efforts by State of Minnesota to Standardize Workforce Laws
In response to the new ordinances in Minneapolis and St. Paul covering paid sick leave requirements for all businesses, the state legislature has been busy drafting their own legislation which would o...
Minneapolis and St. Paul’s New Sick Leave Ordinances
A new ordinance went into effect July 1 for the city of Minneapolis called the Sick and Safe Time Ordinance. This new local rule is designed to create time off for many employees in the area including...
Details of Minnesota’s Medical Assistance Program for People over 65
If you’re approaching you 65th birthday, you’re probably very interested in how your healthcare costs and plan are going to change and how Minnesota’s Medical Assistance (MA) program factors int...
What is a Limitation of Remedy Clause?
In many agreements, you may find a clause labeled “limitation of remedy.” This clause is largely similar to a limitation of liability clause in that it controls how much responsibility a company h...
Life Insurance as a Tax Favored Investment Tool
Planning for retirement and maximizing their estate is a big financial priority for many clients. Whether it’s maximizing social security income or planning to retire completely from their own savin...
Are Clickwrap Agreements for Software Enforceable?
You’ve agreed to clickwrap agreements in the past, though you may barely recall doing so. It happens when you install new software on your computer or purchase an online software solution. During th...
Details of the Minnesota Revised Limited Liability Act
On April 8th, 2014, the Minnesota Revised Uniform Limited Liability Company Act was signed into law, impacting all LLCs formed in the state of Minnesota. Owners of LLCs created before August 1, 2015 h...