As interest rates increase, the lending community is expecting an uptick in collection proceedings. As part of the collection process, lenders will need to send default notices to borrowers informing borrowers of the default and how to cure. It is imperative for those default notices to contain the appropriate and necessary information as required by...

The Setting Every Community Up for Retirement Act ( also known as the Secure Act) became law on December 20, 2019, and went into effect in 2020. More recently, Congress enacted the SECURE 2.0 Act, with some of the provisions having already taken effect as of January 1, 2023. The SECURE Act and SECURE 2.0...

Divorce and taxes—two topics most people don’t wish to think about. However, tax issues have a substantial impact on divorce and the lives of those involved. Here are a few key divorce tax takeaways that are sometimes forgotten: Update Your Withholdings. People typically file a new form W-4 with an employer to change withholdings after...

Under the current federal tax code, the lifetime gift and estate tax exemption for an individual is $12,920,000 and $25,840,000 for a married couple. However, unless legislative action is taken to extend these exemptions, decedents who pass away after January I, 2026, will have effectively half of the previous exemption amount estimated to be around...

The United States Supreme Court is generally asked to hear approximately 7,000 to 8,000 cases each year but only grants review and hears approximately 80 of these cases. And many of the cases the Court reviews involve appeals in criminal cases and other high profile constitutional issues. Given the small number of cases heard and...

Legislation impacting all workplaces throughout the state and beyond was passed during Minnesota’s 2023 legislative session. This article highlights three employment law changes with widespread impact that all employers should know but may not have seen in the 279-page Minnesota labor omnibus bill Governor Tim Walz signed on May 16, 2023. Minnesota Noncompete Ban The...

Many landowners might have read the headlines about the Supreme Court’s wetland decision this year – Sackett v Environmental Protection Agency – and breathed a sigh of relief: “Finally, we can fill a little puddle on our own property without the government intruding on our private property!” But despite this decision, grain farmers and other...