What Are Uncovered Assets?
An uncovered asset is simply property of the debtor that is not encumbered by a valid lien, not generally exempt under nonbankruptcy law, and not otherwise excluded by the definition of “asset” in …
READ MORE →An uncovered asset is simply property of the debtor that is not encumbered by a valid lien, not generally exempt under nonbankruptcy law, and not otherwise excluded by the definition of “asset” in …
READ MORE →Transferring real estate into a trust will generally avoid probate, even if the real estate deed was never recorded. In general, a deed does not need to be recorded with the county recorder’s office …
READ MORE →Business owners who bought into a franchise often ask, “Can I sell my business?” Usually you can. The legal footing, however, is narrower than the question suggests. Minnesota law does not hand you an …
READ MORE →The rights of beneficiaries of a Minnesota trust are primarily based on Minnesota Statutes and the trust document. When a trust document and/or statute imposes a duty on the trustee, for the benefit …
READ MORE →This article is part of our Estate Planning resources for Minnesota residents and business owners. This article is a section taken from Manual Letter #16.1, a part of the revisions and additions to …
READ MORE →Employees in Minnesota owe their employers a duty of loyalty. This is undisputed in Minnesota law. Duty of Loyalty for Partners vs. Employees A surprising number of people (including attorneys) find …
READ MORE →This is a list of classes selected when applying for a trademark registration in the United States: International Classes Goods 001 Chemicals 002 Paints 003 Cosmetics and Cleaning Preparations 004 …
READ MORE →Editor’s note (updated 2026-07-14). The Housing with Services framework described below no longer governs assisted living in Minnesota. Minnesota Statutes chapter 144D (Housing with Services …
READ MORE →If you own a vehicle in your own name, you can name a beneficiary on the certificate of title, and ownership of that vehicle vests in that beneficiary at your death without probate of the vehicle. …
READ MORE →This information brief explains how nursing facilities in Minnesota are reimbursed. It includes information on nursing facility regulation, MA reimbursement for nursing facility services under the …
READ MORE →In Medicaid, a “spenddown” is the amount you must pay towards your medical bills before Medicaid will pay for them. This FAQ answers common questions people have about how a Medicaid spenddown works. …
READ MORE →Federal and state law requires the Minnesota Department of Human Services (DHS) and county agencies to recover costs that the MA program pays for its members under certain circumstances. DHS and …
READ MORE →Minnesota law requires both investment advisers (IAs) and investment adviser representatives (IARs) to register with the Minnesota Department of Commerce, unless a registration exemption applies. Some …
READ MORE →A standard practice for law firms and attorneys in Minnesota is sending a Non-Engagement Letter (i.e. Togstad Letter) to everyone who contacts the firm or lawyer but does not hire the firm or lawyer. …
READ MORE →Employers often ask me which emails, documents, and information need to be kept in an employee’s HR records. This matters because employees have a right to view the information in their personnel …
READ MORE →In recent years, dental professionals have been faced with an increasingly complex economic and legal environment. It can be a struggle just to stay current with dentistry developments; trying to keep …
READ MORE →No, not automatically. Minnesota law does not require you to volunteer a reason every time you terminate an employee. The obligation arises only when an involuntarily terminated employee asks for the …
READ MORE →In this video, you get answers to these questions: How to buy or sell a Manufacturers Rep Agency? What should you know as a buyer and a seller? What issues are unique when buying a Manufacturers Rep …
READ MORE →A grunt fund gives fiscal value to all contributions, tangible and intangible, a founder makes to a startup. Everything from intellectual property and connections to time and cash is valued by the …
READ MORE →Like other professional service sectors, there is little margin for error in the legal industry. In order to remain compliant, law firms must keep case and client records securely confidential as well …
READ MORE →A motion for default judgment asks the court to enter judgment against a defendant who has not responded to a complaint within the time allowed under the Minnesota Rules of Civil Procedure. Under …
READ MORE →In 2016, the United States established a federal law voiding provisions in contracts that prohibit customers from writing online reviews. Officially named the Consumer Review Fairness Act of 2016, or …
READ MORE →Core processes are those activities that your company engages in regularly and are central to your organization’s mission. Over time, your business has probably moved towards performing these …
READ MORE →Small businesses in Minnesota are thriving. Just recently, the state was ranked number one nationally for a rate of small business ownership. Women are enjoying a healthy business climate as well. The …
READ MORE →Working with a disgruntled employee is hard on management and coworkers alike. But can you fire someone simply because of a bad attitude? What about a lazy employee or a troublemaker? Answer Yes and …
READ MORE →Mothers of young children are almost twice as likely to be employed today than their counterparts were 30 years ago, according to the EEOC. In addition to childcare duties, many of today’s employees …
READ MORE →If your business works in the entertainment industry, the oil and gas industry, or certain other industries, you may become a party to a contract involving royalties. This article highlights what they …
READ MORE →To show that particular information is a trade secret, a firm . . . must demonstrate that it is valuable, not known to others who might profit by its use, and has been handled by means reasonably …
READ MORE →Don’t rush into putting a drug-alcohol abuse policy into your employee handbook. And if you already have a policy on this topic in your handbook, review it to make sure it isn’t exposing you and your …
READ MORE →Succession planning is one of the basic responsibilities of the business owner. After all, the owner’s family, partners, shareholders, suppliers, vendors, and in many cases, employees and their …
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