Wills and Estates: Are you prepared for that next step in life?
May 26, 2022 | William F. Huefner
Writing a will and planning for that next step in your life can be an emotional and overwhelming process. Many people tend to avoid it until it’s too late. There are several things you’ll need to have in order when setting up your will. It is not as easy as simply writing it up yourself and keeping it in a place for someone to find. A will is something that needs thorough planning, oftentimes with the help of a legal professional. Continue reading to find out how you should properly handle creating your will and what documents you will need. What are the documents needed for a will? First things first, what exactly is a will? A will is a legal document that details your wishes regarding the distribution of your finances and property, the care of your minor children, as well as other material possessions you may own in the event of your death. It allows you to direct how your belongings which can include bank accounts, investments, real estate, and jewelry, are distributed and to whom. If you decide to prepare your will yourself, begin by compiling a list of your assets and debts. Be sure to include all contents like safe deposit boxes, family heirlooms, and other assets that you wish…
Read MoreOsseo High School Students Learn About Careers in Transportation
May 7, 2022 | Barna, Guzy & Steffen, Ltd.Osseo high school students interested in trucking careers had the chance to learn and ask questions directly from trucking professionals on April 25th. BGS Shareholder and attorney Carole Clark Isakson, with the help of the Minnesota Trucking Association, put together the career information event with the Osseo High School Career Resource Center. Students interested in careers in transportation were invited to attend to learn about everything from truck driving to jobs as diesel mechanics, dispatchers, HR professionals, brokers and more. As an attorney with many trucking clients (and the granddaughter of a large trucking company owner) Carole understands the great opportunities available at trucking companies. Those opportunities require varying levels of education and training, and represent stable well-paying jobs. Carole is also a board member of the Minnesota Trucking Association Foundation. Austin Blue, a company driver for Manning Transfer, Nick Jones, a diesel technician for Rihm Kenworth, and Anthony Book, the Vice President of Sales & Marketing at Long Haul Trucking served as the panel. They shared what a normal day is like for them, how they got started in their trucking careers, what training was needed, and what they see as the benefits of working in the trucking industry. Mr. Blue was able to provide great insight into starting as a driver…
Read MoreIs Your Company Record Book a Thing of the Past?
April 25, 2022 | Carole Clark Isakson
Business operations are constantly modernizing, and certainly the most substantial changes in the last 50 years center on internet use and electronic data. With advancements in technology, is your company record book a thing of the past? Keep reading to learn more about how and where to retain business data, details, and information. Updating Business Operations Businesses are constantly modernizing, and of course much of that is made possible and based on internet use. Interactions with customers, vendors and other parties are primarily electronic, as the use of actual paper to do business has declined. Even prior to the imposition of COVID measures, companies held board meetings via video conferencing systems, saving significant time and money that would otherwise be spent on airline tickets and additional travel costs. Board materials are now shared via secure data rooms, preserving resources and providing greater protection for sensitive materials. Documents are signed electronically, adding greater efficiency, convenience, and reliability to the process. Which brings me to this: Do you dust off your hardcover company record book – or toss it? Before answering that question, consider why the book exists at all. Documenting the Particulars By law every corporation in Minnesota is required to keep specific records. These are set out in Minnesota Statute Section 302A.461. In…
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