The Problem: A parent who died young left a life insurance policy for the benefit of their infant child. After turning 18, that child was excited to collect the money – held in conservatorship – so he could pay for college without taking out loans. Instead, the child...
Firm News
If I Get COVID-19, Will My Medical Diagnosis be Kept Private at Work?
When it comes to an employee's medical and health information, employers are generally required to keep it confidential and may not share it with the employee's co-workers. There is, however, an exception that is not often relevant, but is particularly so right now in...
How and Why to Open a Business Account
New business owners often wonder which action items to prioritize when launching a new venture. If you recently started, or are about to start a business, one of the most important steps you should take is to open a business bank account that is separate from your...
Understanding Mask Requirements for Your Business
Operating a business right now is undoubtedly stressful. On top of the challenges of returning to work during a pandemic and potentially struggling with a drop in business, Minnesota business owners must also navigate new mask regulations. Recently, Governor Tim...
Navigating Periods of Uncertainty and Unrest as a Business Owner
Uncertainty and unrest have defined 2020. From COVID-19 and record-breaking unemployment to ideological, political, and societal conflicts, business owners have faced significant challenges to their survival and success. Regardless of their political views, health, or...
Good News for PPP Borrowers: The New Paycheck Protection Program Flexibility Act of 2020
The landmark Coronavirus Aid, Relief, and Economic Security (CARES) Act has been a significant tool for assisting struggling employees and small businesses during the current international pandemic. However, the centerpiece of this legislation, the Paycheck Protection...
What Small Business Owners Should Know About the COVID-19 Stimulus Package
As small business owners grapple with the economic realities of nationwide stay-home orders and social distancing mandates, legislatures have been updating laws and developing new programs to keep the economy afloat. The latest and most groundbreaking is the...
Success Story: Refuting an Undocumented Ownership Interest in an Estate
The problem: An individual who had been occupying a woman’s property (with her consent) refused to vacate the property after she died, claiming an undocumented ownership interest. This claim prevented the personal representative from being able to sell the property....
Why It Is Crucial for LGBTQ Individuals to Have an Estate Plan
Every adult should have at least a basic estate plan. For LGBTQ Minnesotans, advance planning can be especially important to help avoid potential family conflicts and confusion, as well as to provide the means to achieve an easy resolution. For example, consider...
When Should Aging Parents Sign a Financial Power of Attorney?
Maintaining independence is often important to aging adults, and your parents may be no different. They are probably used to doing things for themselves on their schedules and in the way that they like. However, you may have noticed a few changes. Maybe your mom has...