by: Thomas Fafinski IRA ownership of investments that are nonmarketable securities is perfectly legal. Todd Grill, owner of Nexus Direct IRA in Plymouth, Minn., says, “Why wouldn’t you invest in t...
The Idioms of Asset Protection
by: Thomas Fafinski Real asset protection planning is not about any one strategy or following which way the wind is currently blowing. Functional asset protection planning is about creating multiple l...
The Fair Use Doctrine
by: Nathan Nelson Have you ever wondered how schools are allowed to show movies during school hours or copy parts of books in handouts without infringing on existing copyrights? One of the exceptions ...
No Sunshine for Manufactures with New Federal Sunshine Laws
Manufacturers of drug and devices to healthcare providers must be cautious about new federal reporting requirements. Beginning March 31, 2013, the Patient Protection and Affordable Health Care Act (PP...
Do You Understand Your Guaranty?
by: Nathan Nelson Whether you are signing a guaranty while purchasing property or while working with vendors, you must make sure you understand the terms and the conditions of the guaranty to protect ...
Challenging Property Taxes Without an Attorney.
by: Thomas Fafinski The best time to speak with the county property tax assessor is after you receive your notice of estimated market value but prior to the deadline for filing an appeal with the loca...
My New Business Partner is my Old Partner’s Creditor
by: Thomas Fafinski …or Worse, their Ex-Spouse! Business Succession Planning and Buy-Sell Agreements. Without proper planning, you could have your partner’s ex-spouse or creditor as a new part...
Accidental Estate Planning
by Nathan Nelson and Thomas Fafinski Some shun having an estate plan arguing that the state laws of intestacy are probably fair. The drawback is being forced to probate the assets, which are a matter ...
What You Need to Know About Estate Tax Changes for 2013
By: Tom Fafinski “Nothing can be said to be certain, except death and taxes” -Benjamin Franklin Not only are death and taxes certain, starting in 2013, death will carry higher taxes. Here is a run...
The ABC Option
By: Lesley J. Adam The ABC Option: Assignment for the Benefit of Creditors as an Alternative to Bankruptcy in Minnesota. An assignment for the benefit of creditors (ABC) is a procedure by which a debt...