– Legal Insights –
In this series of articles, we are analyzing the various changes that the affected associations will need to make to their policies, procedures, and, potentially, their governing documents by January 1, 2027, to comply with the new requirements of the Minnesota Common Interest Ownership Act (“MCIOA”) adopted in SF 1750....
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Fid-doo-she-air-ee. What the heck is a fiduciary, let alone a fiduciary duty? “Fiduciary” means trust. A fiduciary duty is the legal responsibility to act solely in the best interest of another party. A person with a fiduciary duty has a legal obligation to maintain that trust. For example, lawyers have...
In what area of law do you practice and why did you choose this? Construction Law and Real Estate Law. My father owned a general contractor business and a lumber yard. While growing up I worked there in the summers and learned a lot about the industry. Real estate is...
Navigating the world of commercial leasing can be daunting, especially for new business owners eager to secure the perfect location for their ventures. Many tenants are unaware of their power to negotiate the terms of their lease agreements, which can significantly impact their success. With the right guidance of a...
It is better to give than to receive. But if you give a gift above a certain amount in a calendar year (for 2024 that amount is $18,000), you might end up owing money to the Internal Revenue Service (IRS). The federal tax code has very specific rules about how...
The Hellmuth & Johnson HOA practice group will present their annual spring seminar on April 13th at 9:00 am. CLICK HERE TO REGISTER Topics for this seminar include information about: The Corporate Transparency Act and HOAs How to Handle Service and Support Animals in Your Community HOA Legal...
In what area of law do you practice? Estate Planning What did you want to be when you grew up? A ballet dancer What would you be doing if you weren’t a lawyer? I would probably be a therapist. What is the strangest legal question you have ever been asked?...
Although cryptocurrency may be one of the latest investment strategies with great potential, for some individuals and their loved ones, investing in cryptocurrency has not gone as planned. The following stories are each a little different, but they all underline one simple warning: if you own cryptocurrency, you need a...
In what area of law do you practice and why did you choose this? My primary practice area is litigation. Litigation is enjoyable to me because of its competitive nature and because every case is unique. What did you want to be when you grew up? A scientist. When did...
When people create estate plans, they typically focus on handing down their money and property to their children, grandchildren, and other living heirs. But some people want to leave behind a more enduring legacy. For those interested in multigenerational wealth transfer, a dynasty trust could be the answer. A dynasty...
In a significant legal development, the U.S. District Court for the Northern District of Alabama has ruled the Corporate Transparency Act (CTA) unconstitutional. In doing so, the Court asserted that Congress had acted outside its authority in mandating disclosure requirements for new and existing corporate entities. This decision comes from...