The Latest Insights in Law, Business, Policy, and More

Woods Fuller offers timely insights into the legal and business issues affecting South Dakota and the upper Midwest. Our attorneys share practical perspectives on corporate law, estate planning, employment, litigation, and other key areas to help clients stay informed and make confident decisions. Each insight is designed to clarify complex topics and provide useful guidance for navigating today’s evolving legal landscape.

The Sampson House 10/28/24 The Sampson House 10/28/24

New Supreme Court Ruling: Estate Tax and Buy-Out Life Insurance for Business Owners

The Supreme Court's ruling in Connelly v. United States affects how life insurance proceeds are valued for estate tax purposes in corporate buy-out structures. Learn how this decision may impact your business’s estate planning and life insurance strategies.

The Sampson House 10/25/24 The Sampson House 10/25/24

Understanding Gift Tax: Key Components for Effective Financial Planning

Understanding gift tax is crucial for effective financial planning. This blog explains the 2024 tax-free gift limit, including annual and lifetime exclusions, as well as who pays the gift tax. A Woods Fuller tax law attorney can guide you through these complexities, ensuring your gift-giving strategy remains tax-efficient and aligns with your overall financial goals.

Sterling Nielsen 7/23/24 Sterling Nielsen 7/23/24

Selecting an Entity Type When Starting a Business

Selecting the correct business entity is vital for entrepreneurs, impacting legal structure, liability, taxes, and flexibility. This guide compares partnerships, corporations, S corporations, and LLCs, helping you choose based on your business goals and vision.