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June 2017 Archives

Plan all business transactions carefully

The transactions that you complete on behalf of your business can have a huge impact on your business' success. Everything from making sure that your trade secrets are safe to handling real estate matters must be done with your company's interests in mind.

Know about different types of trusts you might utilize

One way that you can work to care for your loved ones after you pass away is to establish and fund trusts for them. When you do this, you place assets in the trusts and a trustee cares for the assets with the purpose of using them for the benefit of the recipient. If you opt to do this, there are some special considerations that you need to think about from the start.

Know the purposes of various estate plan tools

Your estate plan can make life a lot easier for your loved ones when you are gone. You might not find this something that is easy to think about, but if you think about these points now, your family members will be able to focus more on grieving after they lose you.

Learn your options when laws impact your property usage

Certain lands are protected under federal and state statues. If these areas land on property that you own, you will be limited as to what you can do with them. In our previous blog post, we discussed the case of the farmer who is facing hefty fines because of mowing grass in his own field.

Inheritances may be fair but not square

You probably have fond (or not-so-fond) memories of your children squabbling over something. Maybe from the time the first sibling arrived, the rivalry between them was apparent, and it was common to see them tussling over the last cookie, a favorite toy or the TV remote. They may have even rivaled for your affection, with one seeking approval by going on to become a great success while another sought your attention with charm.

A $2.8 million dollar fee for plowing your own field?

A California farmer will stand trial for what federal prosecutors claim was a $2.8 million plowing violation. Allegedly, the owner of a 450-acre wheat farm in Modesto plowed the soil on his land without proper permitting, which federal prosecutors say should result in him paying a fine of $2.8 million.

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