– 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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On June 5, 2020, Governor Walz issued Executive Order 20-74, which outlined parameters regarding the gradual re-opening of various facilities, including pools and fitness centers. This post updates my prior post on the topic. Under Order 20-74, all pools and fitness centers may open, but only in accordance with the...
Before the COVID-19 pandemic, many business owners paid little attention to subleasing and assignment provisions when negotiating commercial leases. It was common to focus on rent, maintenance, taxes, and insurance, which affect a tenant’s bottom line, and options to renew the lease if the business thrives. Recently, however, one of...
Across the country, and certainly here in the Twin Cities, recent events have lead to large protests and civil unrest. Unfortunately, as a consequence, many business owners have suffered substantial damage to their property; preventing them engaging in day-to-day operations as anticipated. Whether the damages incurred were a result of...
A complimentary replay of the Hellmuth & Johnson Homeowners Association Spring Seminar is available for download. Topics for this spring webinar include information about: Assistance Animals Collections And a Lighting Round including issues related current hot topics such as Smoking, Political Signs/Campaigning, Books and Records The speakers for this webinar...
As we continue to deal with the impact of the COVID-19 virus on our daily routines, we must consider what those routines might look like in the coming weeks and months. For many residents of homeowners associations, that daily routine might include use of various amenities in the community. Since...
The Centers for Disease Control and Prevention (CDC) have recently issued Interim Guidance for Businesses and Employers Responding to Coronavirus Disease 2019 (“COVID-19”). The CDC guidelines allow businesses to plan, prepare and respond to COVID-19 as they re-open for business. In anticipation of the need for effective, proactive and protective...
On May 13, 2020, the Minnesota legislature unanimously voted to amend Minn. Stat. 515B.2-118 to authorize new procedures that communities can use when amending governing documents. Specifically, (1) an association can obtain ‘deemed’ approval to amendments from owners who do not vote or do not respond to a request for...
A complimentary webinar replay to help understand the importance of having a Will, Health Care Directive, Power of Attorney and other important documents. Also learn about probate and minimizing taxes for your heirs. Presented by Michele R. Loughrey Tschida, Attorney at Law, Hellmuth & Johnson. Please download the outline and...
The Great Recession pitted lenders against borrowers in a financial crisis that produced an estimated 3.8 million foreclosures between 2007 and 2010. There were no winners. People lost their jobs, their homes, and their creditworthiness. The financial services industry was decimated by non-performing loans, bad publicity and the cost of...
While major portions of the business world are on hold, business owners and leaders can still position their business for sale or acquisition in a positive way by focusing on the future. Thinking critically about your five-year plan is a productive way to spend your time if business is slow....