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What Is an Indemnification Clause and Why Is It Important?

What Is an Indemnification Clause and Why Is It Important?

Business contracts establish more than what each party has agreed to do. A good contract should also address what happens when something goes wrong — and who may be responsible for the resulting costs.  That is where an indemnification clause comes in. ...

What Does a Personal Representative Do During Probate?

What Does a Personal Representative Do During Probate?

When someone dies, there are often many practical and financial matters that still need to be handled. Property must be identified, bills and taxes may need to be paid, important documents must be located, and remaining assets eventually need to be distributed to the...

What Is a Purchase Agreement and Why Does It Matter?

What Is a Purchase Agreement and Why Does It Matter?

When you buy or sell a business, real estate, equipment, or another significant asset, agreeing on the price is only part of the deal. The parties also need to agree on exactly what is being purchased, what each side is responsible for, what must happen before...

Buying Commercial Real Estate: Legal Issues to Consider Before Closing

Buying Commercial Real Estate: Legal Issues to Consider Before Closing

Buying commercial real estate can be an important investment for a business. You may be purchasing a building for your company's operations, acquiring property as an investment, or buying land for future development. Whatever the reason, there is more to consider than...

What Documents Are Needed for a Minnesota Estate Plan?

What Documents Are Needed for a Minnesota Estate Plan?

When people think about estate planning, the first document that usually comes to mind is a will. A will is important, but a complete estate plan often involves more than deciding who receives your property after you die.  Estate planning can also address who manages...

What Is Probate in Minnesota?

What Is Probate in Minnesota?

Probate has a reputation for being complicated. In reality, it's simply the legal process for settling someone's estate.  If you've recently lost a loved one, you've probably heard the word "probate" more than once. Friends, family members, and even the internet often...

LLC vs. Corporation: Choosing the Right Business Entity in Minnesota

LLC vs. Corporation: Choosing the Right Business Entity in Minnesota

One of the first decisions you'll make as a business owner is also one of the most important.  Starting a business is exciting, but before you can hire employees, sign contracts, or open a business bank account, you'll need to decide how your business will be...

How Is Child Custody Determined in Minnesota? A Guide for Parents

How Is Child Custody Determined in Minnesota? A Guide for Parents

There isn't a formula for deciding child custody, and there isn't a presumption that one parent should receive custody over the other.  One of the first questions parents ask during a divorce or other family law matter is, "Who will get custody of the children?"...

Do I Need a Trust or Is a Will Enough?

Do I Need a Trust or Is a Will Enough?

A will and a trust can both be effective estate planning tools—but they aren't interchangeable, and one isn't automatically better than the other.  One of the most common questions people ask when they begin estate planning is whether they need a trust or if a will is...

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