If you and your spouse own iPhones, you might also share an Apple ID. An Apple ID is a username and password combination that syncs to iCloud and allows you to access your settings, photos, messages, etc. across multiple devices. Often times couples will share the same Apple ID to share purchased applications, music, and...

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 of wealth from one generation to the next. However, income taxation is still an important and...

In this issue: Law Update: The SECURE Act Makes Significant Changes to Retirement Planning Income Taxation of Trusts Donor-Advised Funds: How to Stay Philanthropic Under Current Tax Laws Read Full Newsletter

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 know is that if you are operating in certain professional service fields (medicine and surgery, physician...

In this issue: Key Considerations in Enforcing the Bank’s Rights in Inventory and “FF & E” Implementing Cyber Security Protocols Joint Statement Provides Financial Institutions with Update Relaxing BSA-Compliance Practices Read Full Newsletter

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 Bank Supervisors issued a joint statement providing financial institutions with much-needed guidance on lending to hemp-related...

Rhett Schwichtenberg has represented financial institutions in successfully obtaining money and replevin judgments against debtors in default.