North Dakota, like other states, has a formula to determine how much child support a noncustodial parent should pay to cover the costs associated with raising their son or daughter. Factors such as parental income and the number of kids a parent has may affect how...
Fargo Legal Issues Blog
Why family vacations and other holidays may be a good time to discuss estate planning
Families, and especially those of means, often find themselves embroiled in heated disputes over contested wills and trusts when a loved one passes. Many of these are completely preventable. Communication is often the reason that conflicts emerge. You can end that...
When did you last update your estate plan? It may be time
An out-of-date estate plan could give money to the wrong people. For instance, if you fail to update your estate plan after divorce, your ex could inherit assets. An out-of-date plan could omit people you care about and lead to family disagreements. For example, you...
How to stay in business with an ex-spouse after getting divorced
Going through a divorce in North Dakota can be a difficult time for anyone. With that in mind, things can become even harder if you and your ex-spouse own a business together. Fortunately, divorced couples can continue running a business after their marriage ends....
What are the most common legal mistakes made by startup companies?
Some North Dakota entrepreneurs who are launching a new venture make a lot of legal mistakes that can backfire at a later time. There's a significant amount of work required to start a company, and many people fail to track their expenses by keeping receipts for tax...
Plan for the future of your business with a succession plan
A good business succession plan strikes a balance between maximizing returns for the current ownership generation and the subsequent generation's long-term goals. If you own and operate a business in North Dakota, it is important to employ the services of an...
Is your business partnership destined to fail?
One of the most popular types of North Dakota business entities is a partnership where one or more persons agree to invest in a business together. Unfortunately, statistics have revealed that close to 70% of all U.S. partnerships ultimately fail. Understanding why...
Why business owners need a succession plan
When you are busy running your own business, you always have a lot of tasks to take care of. While you often look toward the future, to ensure your business can succeed in the long run, one task you may overlook is creating a succession plan for your business. Even if...
What financial troubles might arise during an over-50 divorce?
Divorce could happen to any couple of any age in North Dakota. Even older persons over the age of 50 may discover their marriage falling apart. While the process may take an emotional toll, divorcing spouses need to remain focused on a marriage dissolution's financial...
What does estate planning for farmers involve?
Anyone with any assets and heirs may benefit from estate planning. Extensive planning might be necessary when attempting to make things easier for heirs who will inherit a complex and challenging estate. This may be especially true for farmers since passing a farm's...
