While the 2017 Tax Cuts and Jobs Act (the “Tax Act”) introduced new tax rules affecting high net worth individuals and multimillion-dollar companies, one major change directly affects the rest of us: the increased standard deduction. This article explores ...Read More

With the federal estate tax exemption currently at $11.58 million for individuals ($23.16 Million for married couples) and the Minnesota estate tax exemption at $3 million, non-tax considerations generally prevail when selecting a particular trust arrangement for the transfer ...Read More

When you are forming your business, the choice of entity is always an important decision – will you incorporate, or form a limited liability company? Will you operate as a partnership – general or limited? What you may not ...Read More

Last week, four federal agencies ­–– the Board of Governors of the Federal Reserve System, Financial Crimes Enforcement Network (FinCEN), Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency–– along with the Conference of State ...Read More

Minnesota has two statutes that seemingly set the standard for courts to decide whether to modify an order for parenting time. Minnesota Statute Section 518.175 governs parenting time, and subdivision 5(b) provides that the court shall modify parenting time ...Read More

When times are good, the farmer-lender relationship usually is positive or perhaps even an afterthought for most farmers.  However, when times are tough, the relationship can quickly become strained, especially when there are misunderstandings about the legal obligations owed ...Read More