– Legal Insights –
If you are expecting an inheritance, an estate planning tool known as a trust may prove useful, depending on your circumstances. Among the numerous types of trusts aimed at fulfilling different estate planning purposes, an inheritor’s trust is specially designed to help protect an inheritance. Purpose of an Inheritor’s Trust...
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Life is full of contingencies. While some outcomes are relatively certain, other events are more difficult to predict. This uncertainty can create estate planning challenges. Because life changes quickly and sometimes unexpectedly, your estate plan needs to be flexible. You can make changes to your estate plan when you are...
Stepping into the entrepreneurial world is exhilarating, but amidst the buzz of launching a new venture, legal considerations can often take a backseat. However, disregarding legal considerations is akin to chasing tornadoes without any protective gear – an extremely risky and unpredictable pursuit. So, let’s dive into the legal tidbits...
Minnesota’s Extreme Risk Protection Order (ERPO) is a civil process under a new law that went into effect on January 1, 2024, which can restrict a person from possessing or purchasing a firearm. Commonly referred to as a “red flag law”, this new Minnesota law allows family and household members...
As of January 1, 2024, under a new law called the Corporate Transparency Act (CTA), owners of certain business entities must file a report with the federal government including details regarding the ownership of their entity. The CTA was enacted to help combat money laundering, financing of terrorism, tax fraud,...
In what area of law do you practice and why did you choose this? I specialize in transactional practice, primarily handling commercial real estate deals and corporate governance. I’m driven by a passion for finding straightforward solutions to challenging issues. I strongly believe that an ounce of prevention is worth...
Due to the Corporate Transparency Act (“CTA”), your business may be required to report beneficial ownership information. We are reaching out to make you aware of new federal reporting requirements that may require your business to report beneficial ownership information (BOI) to the Financial Crimes Enforcement Network (FinCEN), a bureau...
CLICK HERE TO REGISTER 2024 Seminar Topics Include: Common Disputes & Legal Issues Arising in Construction Projects – Kurt Mitchell Construction Contracts & Subcontracts – Chris Jones Top Tax Planning Opportunities – Kevin Kalal Government Compliance Issues for Contractors- Blake Nelson & J. Robert Keena Minnesota Energy Building Code Refresher...
Corporate Transparency Act Requires Disclosure of Beneficial Ownership Information In 2021, Congress passed the Corporate Transparency Act, 31 U.S.C. Section 5336 (the “Act”) which requires the reporting and collection of beneficial ownership information for applicable entities. Beneficial ownership information refers to identifying information about the individuals who directly or indirectly...
The Corporate Transparency Act (CTA) is a federal law designed to protect the US financial system from money laundering and other illegal activities by requiring certain companies to report information about their beneficial owners and applicants to the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN). Homeowners associations (HOAs) are...
In what area of law do you practice and why did you choose this? I primarily practice real estate law. I have been all things real estate since relocating to the United States from England. I invest in and advise myself of upcoming real estate trends and it made sense...