A will is a legal document outlining your wishes in the event of your death. If you have children, stepchildren, living parents or a spouse, it’s a good idea to establish a comprehensive will. It’s not just about passing along your money and...
You might have a loved one who can no longer make their own legal or financial decisions. Or, maybe a friend passed away unexpectedly and their child needs a caregiver. Whether they are a minor or adult, they will need someone to look after them and ensure their needs...
Following the financial crisis, the risk management policies of financial institutions are under greater scrutiny. Although banks have always had a duty to control risks - in part through loan evaluations - financial institutions must more effectively identify loans...
The objectives of probate are to pay creditors and distribute assets according to the law and your loved one's wishes. Before assets of an estate are paid, creditors may seek payment on debts. As a personal representative, you don't want to pay a debt the estate does...
Minnesota has traditionally been an employee-friendly state on the issue of non-compete agreements. Past court rulings cited the restraint on trade imposed by non-compete contracts when the court decided in favor of employees on these matters. In light of this...
The time to develop an exit strategy is when you form your business partnership or corporation. The exit strategy is an agreement regarding business assets, debts and liability should a partner or another principal no longer be able to, or want to, engage in the...
It isn't just a house; it's a home. Filled with memories of first steps, birthday parties and holiday celebrations, having to sell your marital home can be one of the toughest aspects of a divorce. In addition to the emotional considerations, your home may also be...
The individual named as a personal representative plays a crucial role in successfully administering an estate. Often, however, the personal representative performs her or his important duties while grieving the loss of a loved one. In addition, the person named as...
Your divorce will have an effect on many aspects of your life, including your tax liability. Even your marital status may be a tricky question on your first tax return following your divorce. The IRS considers you married if you do not divorce by the last day of the...
Mechanic's liens provide contractors and subcontractors with a means of collecting payment for construction work and supplies. The lien allows you to eventually take possession of property upon which you completed work for which you were not paid. In order to use this...
