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Operating a business in the modern world often means juggling dozens of tasks simultaneously. It is easy to lose track of your activities and make a mistake with employment matters. Unfortunately, errors that violate state and federal labor laws may pose severe...
Family business owners sometimes find themselves in a precarious situation when the business is owned by a married couple. What if that couple decides to get a divorce? Is the business in jeopardy? There are many different solutions that people can use, but let’s take...
You do not have to give equal bequests to all of your heirs. For example, a parent with $300,000 and three children does not have to leave $100,000 to each person. If they wanted, they could leave all $300,000 to the same individual, or they could simply divide things...
When doing your estate planning, your legal and financial advisers might recommend trusts as a vehicle to convey money or assets to your heirs. One type of trust can be specifically drafted to prohibit heirs’ access to the trust principal and from bleeding it dry with...
When it comes to estate planning, it's crucial to ensure that all of your assets are looked after and that your wishes are honored after your passing. Creating an estate plan can seem overwhelming, but it doesn't have to be. Here are some of the key elements that...
The marriage between you and your spouse has run its course and divorce is on the horizon. As parents, your main priority is settling matters related to child custody. Generally, the family court prefers both parents to play an active role in bringing up the...
As a North Dakota business owner, it's essential to have a solid succession plan in place. Whether you plan to pass on your business in the next two years or the next 20, your succession plan should detail how the company will continue after you've left and ensure the...
As an employer, you certainly do not want to be involved in litigation stemming from an interaction with an employee. This can be damaging to your company’s reputation. It can be costly and time-consuming. Additionally, you just want to make sure you’re treating your...
When a marriage comes to an end via divorce, a final divorce judgment may include provisions for spousal support payments by one spouse to the other. Basically, spousal support, or alimony as it is commonly known, is meant to meet the financial needs of the dependent...
When going through a divorce as a parent, it’s likely that your main priority will be the children. You’ll want a custody order that not only works for you, but more importantly, is good for your child. If you and your spouse are still amicable, then you might be able...
