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As technology evolves, industries are finding new, creative ways to leverage technology to increase efficiency. Unmanned aerial vehicles, otherwise referred to as “drones,” are a perfect example of a technological advancement that has enhanced many industries. One industry in particular that has benefited from the use of drones is the agricultural industry. Farmers are currently...

Minnesota Statutes section 47.20 identifies specific requirements relating to conventional loans, requirements of language that must be in a mortgage securing a conventional loan, and what must be in a notice of default, among other requirements. For example, under Minnesota law, lenders are required to provide conventional loan borrowers a thirty-day notice of default on...

The recent U.S. economic turbulence has caused, and will probably continue to cause, challenges in lending. Borrowers, when pushed, will sometimes take actions that are not customary in the lending relationship. Below are some pre-collection and verification tips to mitigate a lender’s “loss of collateral.” It is important to recognize that when a borrower goes...

Save the Date: Thursday, September 4, 2025 Royal Oak Event Center, 301 20th S. St, New Ulm, MN 56073 More information coming soon!

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An irrevocable life insurance trust (“ILIT”) is exactly as it sounds. It is an irrevocable trust designed to hold one or more life insurance policies. A properly drafted ILIT provides the owner of a life insurance policy with several estate planning benefits, including estate tax avoidance and liquidity for estate tax obligations. An ILIT is...