The Latest
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.
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.
The Amazon Effect – Why Trademarks Matter More Than Ever
Amazon has transformed retail, making trademark protection more critical than ever. Businesses, especially those selling on Amazon, need federal trademark registration to safeguard their brand. Woods Fuller’s trademark attorneys in Sioux Falls, South Dakota, can help ensure your intellectual property is protected in this rapidly evolving marketplace.
New Non-Competes Explained in South Dakota, Minnesota, and Iowa
Employers in South Dakota, Minnesota, and Iowa face crucial changes in non-compete laws. With new regulations and the FTC's proposed nationwide ban, understanding and compliance are essential. Contact Woods Fuller for expert guidance on navigating these updates.
Woods Fuller Attorneys Named as Best Lawyers
Woods Fuller proudly announces that 19 of its attorneys are recognized in the 31st edition of The Best Lawyers in America®, with three honored as “Lawyer of the Year” and three included in Best Lawyers: Ones to Watch. These prestigious awards reflect the firm’s dedication to legal excellence and peer-recognized achievements.
Q&A with Woods Fuller Litigation Attorney Tom Schartz
Tom Schartz, growing up on a South Dakota farm, thrives on the diverse challenges of litigation. A new father, he values deep connections made through his work and enjoys complex problem-solving in his legal practice.
Q&A with Woods Fuller Intellectual Property Attorney Ryan Fargen
Ryan Fargen, specializing in intellectual property and estate planning, shares his motivation and insights into his legal practice. Learn more about Ryan’s unique interests and his approach to these crucial areas of law in our detailed Q&A session.
“Chambers USA” Names Top Lawyers
Brad Grossenburg, Craig Krogstad, Lisa Maguire, and Jordan Veurink of Woods Fuller were honored on the Chambers USA High Net Worth list for Private Wealth Law in South Dakota, showcasing their expertise in estate and trust law.
American Board of Trial Advocates Elects Woods Fuller Attorney
Jennifer Wosje, Woods Fuller shareholder, now serves as Vice-President of the South Dakota ABOTA chapter and as the National Board Representative. ABOTA focuses on preserving civil jury trials and promoting justice.
Remote Online Notarization Legalized in South Dakota
South Dakota now allows remote online notarization starting July 2024. This law facilitates notarizations via digital means, streamlining processes with stringent security protocols.
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.
Law Firm Assists Iowa Flood Victims
Woods Fuller collects supplies and makes financial donation in support of those displaced by recent flooding in Northwest Iowa.