One thing some people dread as they draft their will is that it will be challenged after their death. Families have been known to battle each other in court for any number of reasons. Some believe a decedent neglected to give them an adequate inheritance. They may...
Fargo Legal Issues Blog
Safeguard your legacy by keeping your will current
Creating a powerful will is about much more than making final arrangements. It also involves giving your loved ones peace of mind during a difficult time in their lives. Of course, the comfort of having your estate matters settled is beneficial, but an outdated,...
What are contract recitals and do you need them?
As a business owner, you probably have agreements governed by legal contracts with businesses, employees or others. Do you ever skim over the introductory paragraphs of your contracts, dismissing them as mere formalities? Those segments, usually starting with...
Saving a family farm from an adult child’s divorce
There are a variety of scenarios that could put a family farm at risk in North Dakota. For example, when agricultural families have multiple bad seasons back-to-back, they might find themselves in a scenario where they struggle to pay their bills and afford the...
Capital gains tax and inherited assets
Inheriting a home from a loved one can be blessing – particularly if you can make it your family home. It’s even better if the mortgage is paid off so that you can own it “free and clear.” Even if you have no interest in living in it or using it as a rental or...
6 common real estate title issues
When you’re buying a new home, you’re about to embark on a whole new chapter of your life – but you can’t get started until all the previous chapters in the home’s story are closed. When there are issues on a property’s title that aren’t fully resolved, both buyers...
Tips for effective business succession planning
Business succession planning is crucial for ensuring a smooth transition of a business to new leadership or ownership when its current owners retire, become incapacitated, pass away or decide to exit the company. An effective business succession plan can help a...
3 types of commercial leases
Finding a commercial space for your business often takes considerable work. You have to find a good location that has most, if not all, of the items important to your company. Once you find the ideal location and a place to lease, you have the challenge of negotiating...
How can buyers avoid an appraisal gap that prevents a closing?
Sometimes real estate transactions fall through before they reach the closing table. After prices surged in recent years, a large number of hopeful buyers have had their dreams destroyed by an appraisal gap. An appraisal gap occurs when the offered price is higher...
Do not put off your estate planning
Did you know that most people don’t have an estate plan? It’s true, as recent studies have found out that roughly 2/3 of all individuals polled do not have their estate plan in place. There’s something of a caveat here, as age was not taken into account for this...