Creating an estate plan is an important step toward protecting your assets and providing for your loved ones. But even a carefully designed plan can fall short if you overlook certain details. Whether you’re…

Helping your children, grandchildren or other loved ones obtain a quality education can be one of the most meaningful ways to pass on your wealth. A tax-advantaged 529 plan is one effective tool for…

Monroe Moxness Berg is pleased to share that attorneys John Berg and Dennis Monroe have been selected by Lexology Index (formerly Who’s Who Legal), for inclusion in the Lexology Index: Franchise 2026 report. John…

Every year I like to provide ideas to help position your business for a stronger year ahead. Here goes: 1. Employment matters There are changes at both the local and national level regarding family…

Transferring wealth to family members can reduce your taxable estate. But when gifts involve assets that are difficult to value, such as interests in a closely held business or family limited partnership (FLP), unexpected…

We are pleased to share that Monroe Moxness Berg has been selected for inclusion in Minnesota Lawyer’s 2026 “In the Lead: Best Legacy Law Firms in Minnesota” list. The publication’s editorial leadership team compiled…

When looking for a deal, restaurateurs often evaluate underperforming restaurants. Sometimes a franchisor is encouraging a sale. Lenders may believe an operator can’t meet their obligations. And sometimes an owner concludes the business no…

If your estate plan includes gifts, bequests or other transfers to grandchildren, great-grandchildren or other beneficiaries decades younger than you, the generation-skipping transfer (GST) tax deserves careful attention. Without proper planning, transfers that skip…

That’s the question that’s been debated for years especially during periods of high interest rates when capital is expensive. Yes, restaurant operators should work on growing operations rather than tying up capital in real…

Do you hold an interest in a business that’s closely held or family owned? If so, a buy-sell agreement should be a component of your estate plan. It establishes how your ownership interest (and…