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August 2016 Archives

Four common questions about filing for bankruptcy

If you are struggling with debt in the Rochester area, you may have questions about your debt relief options, including Chapter 7 and Chapter 13 bankruptcy. Filing for bankruptcy is a big step that should not be taken lightly. Here are four of the most common questions people ask when considering taking this step. 

Estate planning active in daily life, needs master quarterback

Little pieces of estate planning tend to show up in our lives by the nature of society's modern service-oriented business model. Thus, in Minnesota and elsewhere, one could be asked by a doctor's office to prepare an advance medical directive. People are also regularly asked to make an estate planning decision with respect to taking title to property, who to designate as a beneficiary and whether they want to use joint tenancy designations.

Business formation includes conducting mergers and acquisitions

Successful businesses in Minnesota and all other states may face the prospect of mergers and acquisitions as they grow into maturity. The law of business formation includes conducting mergers and acquisitions for businesses, both here in Minnesota and elsewhere. Since the technological revolution, an "online data room" or "virtual data room" is likely to be a part of the process of facilitating the merger or acquisition.

Estate planning gives vital protection to musicians and others

It is highly recommended that persons with intellectual property assets -- such as musicians, writers and artists --establish a comprehensive estate plan to assure the desired management and distribution of the individual's assets and creative work, both during and after death. It is paradoxical that an artist like Prince, who was based in Minnesota, was so mindful of the rights to his creative work but did not accordingly take steps to frame those rights by effective estate planning. The most obvious glaring mistake in that respect was the failure to prepare a simple will.  

Estate planning is best conducted with full communications

In Minnesota and elsewhere, making the best plans regarding one's estate occurs within the context of appropriate and helpful communications. This is encouraged to occur between the individual and his or her family, close friends and estate planning attorney. When one freely communicates, the process is generally more successful in choosing the right options and estate planning strategy.

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Dunlap & Seeger, P.A.
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Rochester, MN 55904

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