– Legal Insights –
This article is the second in a series about changes in the MCIOA. In this series of articles, we are analyzing the different provisions of SF 1750, which made numerous changes to the Minnesota Common Interest Ownership Act (“MCIOA”). With the exception of a few changes in definitions, which were...
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This complimentary webinar covers: COVID-19 Impact on Contractors Readiness for Success Financial Planning for Owners Presented by: Blake R. Nelson, Hellmuth & Johnson Randy T. Feld, Boyum Barenscheer Click here to watch the webinar recording.
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A Cohabitation Agreement is a legal document that is designed for unmarried couples who wish to purchase property together. The agreement can detail the percentage or amount of each party’s contribution to the purchase as well as outline each parties’ responsibility of expenses and improvements. A Cohabitation Agreement can be...
Business owners misclassifying their employees as independent contractors is a common issue, arising frequently in Minnesota and elsewhere. By following the guidelines outlined below, your business can avoid having to face some expensive headaches in this area of law. Generally, an individual is considered an employee when an employer controls...
On October 21, 2020, the Centers for Disease Control and Prevention (“CDC”) updated its definition of “close contact” with an individual infected with the novel coronavirus (“COVID-19″). Under its previous guidance, the CDC defined “close contact” as 15 minutes of continuous contact with an individual with a confirmed case of...
Strategic questions are critical in negotiations, and are far too often ignored. Strategic questions are the difference between playing chess and playing checkers. Chess masters play many moves ahead. Strategic questions are a great way to gather information and gain concessions from the other side. A strategic question is one...
With a push by the Democratic party to return federal estate taxes to their historic norms, taxpayers need to act now before Congress passes legislation that could adversely impact their estates. Currently, the federal estate and gift tax exemption is set at $11.58 million per taxpayer. Assets included in a...
This article provides guidance for Minnesota therapists who would like to provide remote therapy to clients in other states. The Covid-19 pandemic has produced an increased demand for therapy while making it unsafe to conduct therapy in-person. These contrary realities have led to a real-life experiment regarding the effectiveness of...
The worldwide COVID-19 pandemic has thrown everyone for a loop. While unemployment rates are slowing dropping, they are still well above where they were pre-COVID-19. Millions of people have been furloughed or laid off. Many are underemployed, earning far less than they were at their pre-COVID jobs. Regardless of their...
The Grantor Retained Annuity Trust (“GRAT”) is one of the leading wealth transfer techniques. It is ideal for clients who want to move wealth out of their estate without paying taxes, and it is a remarkably simple concept. Now may be the best time to incorporate a GRAT into your...
Minnesota Housing, the state’s housing finance agency, has launched its COVID-19 Housing Assistance Program. The program provides housing assistance payments to help prevent evictions, prevent homelessness and maintain housing stability. To qualify, households must meet all of the following criteria: Be a Minnesota resident. Be a renter or homeowner with...