President Biden proposed several changes to current tax law during his campaign. This article will discuss some of those possible changes and how they could have big impacts on your estate planning. Decrease in the Gift and Estate Tax Exemption One proposal includes a decrease in the gift and estate tax exemption. The gift and...Read More

South Dakota enacted the Real Property Transfer on Death Act in 2014.[1] This provided South Dakotans the opportunity to take advantage of another estate planning option, the transfer on death deed. This allows a person to transfer land at their death to a designated beneficiary or beneficiaries while also avoiding the probate process. Probate can...Read More

Navigating contract negotiations as a medical professional can be overwhelming and confusing. This can be intensified when a prosecutive employer proposes the inclusion of a non-compete clause in your contract. A non-compete clause restricts your ability to seek employment when leaving your job by geographic area or duration of time, or both. When accepting a...Read More

For many physicians, the question is not “if” you will be a party to a lawsuit but is instead “when.” Before that time comes, you want to make sure that you have taken the necessary steps to protect your wealth. Protecting yourself and your assets in South Dakota through a Domestic Asset Protection Trust is...Read More

Many families in South Dakota have created corporations to govern their farming operations. While a corporate structure can provide you with many benefits, such as reduced liability, it can also increase the amount of taxes you must pay. One such tax implication can arise when farmland is distributed to shareholders within the corporation. If your...Read More