Farmer’s Guide to Machinery Depreciation, Stepped-Up Basis, and How Smart Planning Can Save Taxes on Farm Equipment Farmers know the value of depreciation when it comes to reducing their tax burden year to year. Bonus depreciation and Section 179 d…
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Farm Equipment Loans and Liens: The Hidden Threat in Your Estate Plan If you’re like most farmers, your equipment isn’t just sitting in the shed debt-free. Tractors, combines, and other essential machinery often carry liens, loans, or are wrapped…
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4 Tips to Avoid a Will or Trust Contest Fighting over provisions in your will or trust can derail your final wishes, rapidly deplete your financial legacy, and tear your loved ones apart. However, with proper planning, you can help your family avoid…
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How Fast Can a Physician’s Estate Exceed $3 Million? Faster Than You Think If you’re a physician practicing in Minnesota, chances are your estate may already be bumping up against — or exceeding — the state’s $3 million estate tax e…
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Who Really Owns the Farm Equipment? Why It Matters for Estate Planning When it comes to farm equipment, ownership isn’t always as clear as people think. Over the years, machinery gets bought, sold, handed down, or co-owned without much formal d…
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Why Farm Equipment Needs to Be Part of Your Estate Plan When most people think about farm estate planning, they immediately think of land. And that makes sense — land is often the most valuable and essential asset a farm owns. But if you stop there…
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What Is Due Diligence When Buying a Business? Due diligence is the process of obtaining and verifying information about a company or person in preparation for a business transaction, such as an acquisition, merger, or potential new business partner.…
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I May Be Gone, But I Still Control My Assets: How a Trust Can Help You Rule from the Grave It’s a question we all eventually face: What happens to everything I’ve worked so hard for after I’m gone? While it may feel a little odd to plan for wha…
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What Happens When Someone Dies in Minnesota? A Guide to Wills, Trusts, and Intestacy Losing a loved one is never easy. In the midst of grief, there’s often uncertainty about what happens next—especially when it comes to managing the person’s af…
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? What Is Minnesota Paid Leave? The Minnesota Paid Leave program begins January 1, 2026, and offers paid, job-protected time off to eligible workers for significant family and medical events. Whether it’s recovering from a health condition, caring…
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