What Is Probate—And How to Avoid It

By |2020-07-21T16:35:17+00:00July 21st, 2020|Uncategorized|

Probate is a necessary legal process that a deceased person's heirs have to go through when an estate is being settled. In some cases, probate can be a tedious and cumbersome process that may increase the stress associated with distributing wealth and assets to heirs. The more you know, the smoother the process may run, [...]

Now Is the Time To Revisit Your Estate Plan

By |2020-07-07T02:34:00+00:00July 7th, 2020|Estate Planning|

The physical and financial health challenges caused by the COVID-19 pandemic gave us time to rethink our priorities and expectations. Estate planning is one area that has received a lot of attention, and for good reason. Here are three basic areas to review as you reassess your estate plan: Document review: Are the papers in [...]

Do You Need a Will and a Trust?

By |2020-07-07T02:35:08+00:00June 15th, 2020|Estate Planning|

  Everyone wants to protect their families, even after they pass from this world. That’s the purpose of estate plans. But how do you know whether all of the elements of a good plan are in place? The first step is understanding the difference between a will and a trust: A will lays out your [...]

RSVP for our Online Workshop–Ask an Expert for Small Business Owners

By |2020-07-07T02:35:47+00:00April 28th, 2020|Business Law|

Attendees of this workshop will learn how to optimize financials and develop strategies for their small business. Questions are encouraged on the following topics presented by local professionals with expertise in the area: Learn about the importance of a business succession plan with attorneys Laura Kohlenberg and Cathy Jones of Rochford Langins Jarstad Analyze your [...]

SBA EIDL and PPP Loans and Their Tax Implications

By |2020-04-07T18:37:33+00:00April 7th, 2020|Business Law|

Many businesses in Plainview, Rochester, Wabasha and surrounding areas are struggling.   Among the many relief provisions passed by Congress in recent days are loans focused on small businesses. This isn't entirely new to the SBA, which has long been in the loan business, but recently passed laws supercharged the offerings. As with so many government [...]

Virtual legal services during COVID-19 (coronavirus)

By |2020-03-26T14:08:55+00:00March 26th, 2020|Business Law|

Rochford Langins Jarstad law firm will continue to provide legal services to clients through several virtual options during the outbreak of COVID-19 (coronavirus). We remain dedicated to meeting the legal needs of our clients while prioritizing the health of the communities we serve. Please call our office with any questions or concerns you may have.

Exit Planning for Business Owners

By |2020-03-03T14:32:58+00:00March 3rd, 2020|Business Law|

Whether your business is a start-up or a mature business, exit planning should be part of your overall business plan. That may sound counterintuitive, but the fact is that no one knows when they may have to leave their business. Exit Strategies Not including an exit strategy in your business plan is understandable when your [...]

Do You Need a SLAT Trust?

By |2020-03-03T14:37:23+00:00February 24th, 2020|Estate Planning|

What is a SLAT Trust?  A spousal lifetime access trust (SLAT) is an irrevocable trust that authorizes the trustee to make distributions to a spouse if a need arises. It can be designed to benefit one's children, grandchildren or future generations. A lifetime gift tax and a generation-skipping tax exemption can be used to shield [...]