When you visit an attorney to make an estate plan, the first thing you’ll do is discuss your assets and how you would like those passed to loved ones. A common asset many people in Minnesota have is...
What is a Foreign Asset Protection Trust
A trust is an estate planning tool where you create a legal entity that holds your assets. In a lot of ways, it’s like a business, except instead of managers it has fiduciaries and beneficiaries. Wh...
How to Add Performance Standards to Contracts
You may have seen a clause in a contract you’ve signed similar to the one below. While the exact language and standards will vary based on the industry, the goal is to ensure one or both parties are...
The Problems with Prince’s Estate
Prince, iconic singer and performing artist, left behind an estate valued at $200 million (although approximately ½ of this will go to taxes). After his death last year without a will, the battle ove...
An Overview of Minnesota’s Medicaid Program: Medical Assistance
In Minnesota, our Medicaid program is called Medical Assistance (MA) and covers over 700,000 low-income individuals including children, pregnant women, and adults. It also covers those over 65 and ind...
What is the Limitation of Liability Clause?
Contracts often contain clauses designed to limit a company’s exposure to lawsuits and liability, particularly in situation where the claim is not insurable. Especially when drafting a master servic...
What Happens When You Default on a MSA?
When you drafted your master services agreement (MSA), you should have spent some time thinking through what would happen in the event that either party defaulted on payment or performance. While this...
Setting Up an Asset Holding Company
Businesses that have developed significant assets often choose to hold those assets in a separate, sometimes subsidiary company. Doing so can provide liability, taxation, and organizational advantages...
Drug and Alcohol Testing in the Workplace
One way to address or prevent problems in the workplace is through judicious use of drug and alcohol testing. Tests, which applicants can agree to undergo in return for being considered for a job and ...
Setting up and Governing an HOA
In Minnesota, home owners associations (HOAs) are often set up by the original developer of a neighborhood or condominium, although in some cases they are set up retroactively by home owners. They for...