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// by Allison Tellinghuisen
If you are like most private business owners of a closely held or family-owned business, the illiquid value of your business interest represents a substantial portion of your net worth. Do you know what would happen to this ownership interest if you were to die or otherwise depart the business? If you answered ‘no’ …
// by Allison Tellinghuisen
Clients frequently ask me for “standard”, “normal” or” boilerplate” legal documents. This includes contracts, employee handbooks, non-competition agreements, and even legal pleadings. The truth is, very little is truly standard. Outside of a few narrow regulations, if a document needs to be drafted, it’s (almost) all negotiable. Even truly standard contracts, like the Minnesota Realtors …
It’s (Almost) All Negotiable – the Dangers of a Form MindsetRead More
// by Allison Tellinghuisen
DULUTH, MN—Duluth-based law firm Fryberger, Buchanan, Smith & Frederick, P.A. recently announced that attorney David Pritchett has been made a shareholder. Pritchett joined Fryberger’s Duluth office in 2020, bringing his experience in real estate law, corporate law, business succession planning, and municipal law to the firm. He has served as Minnesota counsel for PotlatchDeltic Corporation …
Attorney David Pritchett Named Shareholder at Fryberger Law FirmRead More
// by Allison Tellinghuisen
With the holiday season upon us, the spirit of giving is in full force. Besides being a good way to celebrate this year’s festivities, gifting property can also be an important estate planning tool. There are many benefits to gifting property, such as reducing your taxable estate, transferring tax obligations to your children who may …
Should You Incorporate Lifetime Gifts Into Your Estate Planning?Read More
// by Allison Tellinghuisen
While much maligned in election season and scorned as part of C-suite settlements coming from the recent Me Too movement, Mutual Non-Disclosure and Confidentiality Agreements – more commonly referred to as NDAs – remain an integral part of business relationships. Their purposes are far less nefarious, providing vital protection of the products and processes at …
// by Allison Tellinghuisen
The pandemic has been difficult for all of us, and we are all eager for life to return to normal. For many of us, this public health crisis has affected our lives and businesses in ways we never would have thought possible only six or seven months ago. Estate Planning attorneys (lawyers who draft Wills, …
// by Allison Tellinghuisen
DULUTH, MN—Duluth-based law firm Fryberger, Buchanan, Smith & Frederick, P.A. recently announced the addition of attorney Nicholas J. Simonson to their Duluth office. Simonson was raised in Valley City, North Dakota and attended the University of Florida, graduating in 2001 with a Bachelor’s Degree in Business Administration. A third-generation lawyer, he next attended law school …
Attorney Nicholas J. Simonson joins Fryberger Law FirmRead More
// by Allison Tellinghuisen
Estate planning, if you really boil it down, is simply the process of determining, in advance, “what should happen” if a person is no longer able to make decisions for themselves. The reason for not being able to make decisions could be due to either death or incapacity. In both circumstances, estate planning puts a …
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