Starting a new business means taking a lot of risk. People can’t know for sure how the market might respond to a new business endeavor, and rapid changes might render a once-viable concept unprofitable in a matter of weeks, months or years. Entrepreneurs not only need...
Fargo Legal Issues Blog
Is a “right of first refusal” a solution for an erratic schedule?
Even the best of co-parenting situations have their challenges. This can be particularly true when one parent has an erratic schedule due to on-call employment or the fact that their job requires frequent travel. That can cause the affected parent to rely frequently...
Should you consider antemortem (pre-death) probate?
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...
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 Of course, the comfort of having your estate matters settled is beneficial, but an outdated,...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...
What should you know about investments and divorce?
As couples end their marriage, determining the fate of shared and individual financial assets, especially investments, becomes a primary concern. Individuals need to approach this process with a clear understanding of securing their financial interests. Accurate...
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...
When is a marital standard of living factored into alimony?
If you’re considering or preparing for divorce in the new year, you may be doing some research on what kind of spousal support you can seek – or be expected to pay. Spousal support (alimony) isn’t awarded, or even sought, in all divorces. However, if one spouse has a...