A controversial law signed in 2017 portends big changes for Minnesota residents. Minnesota’s Omnibus Tax Bill, the first major tax legislation since 2014, addresses a number of issues. It’s import...
What Kind of Wills Are Valid in Minnesota?
Leaving a Will is a person’s way of telling the world how they want their estate assets to be handled. However, signing a Will that does not meet the legal requirements of a valid Will means that yo...
Pros and Cons to Forming Family Limited Liability Companies
Family business ownership is an integral part of American history and commerce. In fact, about 90% of American businesses are family-owned. Business and families have varied purposes, so it should com...
How Spendthrift Provisions Work
A well-written, complete estate plan gives the maker a sense of contentment, peace of mind, and accomplishment. However, while drafting a Will or trust, people may ask themselves some tough questions ...
What Is Indemnification?
Fine print. Seems like contracts are full of it. The clauses and provisions that make up a contract each have a specific purpose, though. Indemnification, for example, is often used to protect a party...
Protecting Your Intellectual Property
The intangible nature of intellectual property makes it difficult to protect. You can’t just park a security guard next to your intellectual property to keep people from stealing it. In fact, intell...
Are Your Season Tickets an Inheritable Asset?
A person’s estate consists of assets they own at the time of their death. Common assets include cash, real property, sports paraphernalia, and jewelry. It can be difficult to characterize some prope...
Appealing a Property Tax Assessment
For many people, real property makes up a large part of their portfolios. The assessment made every year by the Minnesota Revenue affects the value of the real property and the property owner’s annu...
Factors to Consider if Your Company Faces Merger or Acquisition
Maybe you’re a business owner whose company is humming right along, all cylinders firing, prospects look good. Or maybe your company is facing increased competition, higher costs, and lower profits ...
When Breach of Contract Leads to a Lawsuit
In December, seven Tim Hortons restaurants located in Minnesota were sued for breach of contract and other claims. This is not the first time Tim Hortons and its parent company, Restaurant Brands, hav...