Estate planning, elder law, family transitions, business planning – the legal issues that affect your family are always evolving. Jennifer writes regularly to keep you informed, educated, and empowered. Browse the latest articles below, or search by topic to find what you’re looking for.
If you own commercial property, you've likely spent years building and managing your real estate investments. As a Minnesota will and trust lawyer, I've guided many property owners through the complex process of including these valuable assets in their estate plans. The truth is, passing down commercial property requires much more careful consideration...
As a Monticello trust lawyer, I can confidently say that small businesses are the backbone of this country. They employ more than half of the domestic workforce and contribute greatly to the economy. But, did you know that 9 out of every 10 small businesses are family-owned, and more surprisingly, that most of those do not make it past the third generation...
A small business is a part of your identity, not to mention your livelihood. Business planning lawyers in Minnesota look to protect both aspects of this should you die or become incapacitated. Advanced planning is one of the smartest things that you can do to ensure that your small business meets the goals you have for it, whether you are at...
Creating a comprehensive estate plan can protect your interests and your family’s future. When you work hard to earn a living and obtain assets, it’s natural to want to pass them down to your children or dependents when you pass away. Unfortunately, many people don't understand how to keep their business and property intact when the unexpected happens....
Owning a business can be an all-encompassing task. When you are focused on the day-to-day management and administration of your business, it can be hard to think long-term about a succession plan. However, planning for the future of your business after your passing is crucial. Why Create a Succession Plan? Succession planning is important for you, your...
Small businesses are the backbone of this country. They employ more than half of the domestic workforce and contribute greatly to the economy. 9 out of every 10 small businesses are family-owned. But most of those do not make it past the third generation of family ownership. Many small business owners neglect to do one thing to ensure their business...
When it’s time to start your estate planning process (that time is right now, by the way), entrepreneurs need to remember to take their small businesses into consideration. Whether you own the entire business outright and work for yourself or you simply own a portion of the entity, you will need to leave instructions for your family to follow. By...
Business succession plans contemplate and instruct regarding any changes in future ownership and management of a business. Most business owners know they should think about succession planning, but few actually end up doing so. It is hard to think about not being in charge of the business you have built up, but a proper succession plan can ensure that your...
Your family-owned business is not just one of your most significant assets, it is also your legacy. Both must be protected by implementing a transition plan to arrange for transfer to your children or other loved ones upon your retirement or death. More than 70 percent of family businesses do not survive the transition to the next generation. Ensuring your...
A small business is a part of your identity, not to mention your livelihood. Minnesota business and estate planning lawyers look to protect both aspects of this should you die or become incapacitated. Advanced planning is one of the smartest things that you can do to ensure that your small business meets the goals you have for it, whether you are at the...
For many small business owners in Minnesota, typical business planning centers on where you are now and how to ensure growth in the future. What often goes overlooked, however, is how to properly protect your business after you are gone. Sure, you may have thought about who will take over in the event of retirement, but have you thought about what would...