Creating an estate plan is a wise decision for any adult. It allows people to document their wishes, appoint people to act on their behalf, and distribute their property after the die.
Considering all that an estate plan can do, it can be somewhat overwhelming and intimidating to create one. For instance, you might not even realize how many assets you have, or know the best ways to distribute them.
People going through divorce typically prioritize protection: protection of themselves, their assets, and their future. Unfortunately, there are common missteps people make that jeopardize the very things they want to protect.
For instance, your digital data and behaviors can play a powerful role in your divorce, but many people fail to take control of their online life. This lapse in judgment can cause a number of problems, including the few we discuss below.
Small business owners in Minnesota face challenges every day, from managing budgets to ensuring clients are satisfied with products and services. Unfortunately, having so much to do can leave small business owners susceptible to scammers and fraud.
In fact, this is such a big problem that the Federal Trade Commission, Attorneys General from various states, the Better Business Bureau, and other agencies teamed up for an initiative called "Operation Main Street: Stopping Small Business Scams." The initiative has already led to 24 actions against alleged scammers who targeted small businesses.
When a company hires or promotes someone to a management role, it likely reflects that person's skills, knowledge, and training in a particular area. However, management is about more than being skilled or performing better than others in that one area in which they have worked. It is also a role that comes with important responsibilities, such as addressing employment matters in accordance with the law.
Managers are often the people to whom employees go with questions or complaints; therefore, it is imperative that managers have the training necessary to handle these matters. It is often a manager's poor response--caused by a lack of training in matters of discrimination and retaliation--that is at the root of employment law litigation.
Many people face a very difficult situation when a loved one passes away. They often deal with grief, loneliness, and sometimes anger. Unfortunately, the process of managing and distributing that person's estate and assets doesn't make the situation any easier.
This can be especially true if you are surprised to learn you've been named as the personal representative (or the executor) of the estate. In this role, you will have responsibilities that other people will not. Whether you are surprised by this news, or have had time to prepare, it is important to understand rights and obligations of the role so you can make it easier on yourself and the other people affected by the person's passing.
If you are getting divorced, it can be very difficult to know what to expect and what steps you should take to protect yourself, especially when you have never been in this situation before.
While this can be overwhelming, there are some general dos and don'ts that can make it easier to avoid common missteps and keep your focus on securing your fair share of the pie.
To get started, consider these dos and don'ts specifically related to the subject of asset division:
Many of Minnesota's small businesses rely on a few reliable employees to maintain daily operations. If even one or two of these valuable persons takes an extended leave, it can place significant strain on the overall business.
The Family and Medical Leave Act (FMLA) requires certain employers to allow employees up to 12 weeks of unpaid leave each year to care for their own health, or their immediate family member's serious health condition, and for the birth, adoption, or foster care placement of a child. A twelve-week leave can obviously place significant strain on a small business, so what is a small business to do?
Business disputes can prove to be contentious, costly, and complex, whether they stem from contract violations or lease negotiations. Rather than devote massive business resources to a lengthy trial, many business owners in Minnesota would prefer faster, more efficient ways to resolve a dispute.
If this is of interest to you, then you might have questions regarding whether to include dispute resolution clauses in your business contracts.
Resolving disputes between employers and employees can be a complicated and acrimonious process. Unfortunately, it can be costly in terms of time, resources, and money to settle these matters, so it is not surprising that employers often favor options that make the process easier and less expensive.
One option employers across Minnesota may explore is including arbitration clauses within employment contracts, though these clauses are often at the center of employment disputes. In fact, one such recent dispute went all the way up to the U.S. Supreme Court.
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