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In many cases, it makes more sense to sell a family business instead of passing it to the next generation to operate. During nearly five decades of practicing law, Bob Abdo has advised numerous family businesses. One thing he’s learned: “No two families are the same.” Abdo, executive vice president of Minneapolis-based law firm Lommen Abdo, says family dynamics can be mind-bendingly complex, and not every business owner wants to pass their company on to the next generation—nor does that generation necessarily want to take it.
READ MORESara Wilson has joined Lommen Abdo in its Minneapolis office. Sara has unique experience in being fully capable of handling both transactional and litigation matters. Sara’s transactional practice includes assisting clients with the purchase, sale, leasing, financing, and development of real estate; resolving title, zoning and environmental issues; business formation, governance and succession planning; and loan documentation for commercial lenders. Sara also has significant experience in the area of estates and trusts from litigating estate and trust disputes, to guiding clients on estate plans, and counseling families through the process of administering estates and trusts.
READ MOREOur peers recognize Lommen Abdo for its skillful handling of trials, appeals, insurance coverage, estate planning, probate, real estate, transportation and construction matters. Other lawyers trust us when they themselves need more legal resources. But our greatest satisfaction comes from seeing our clients succeed, whether that involves a trial, appeal or settlement, a will or a trust, a real estate or business deal. Our clients’ successes are what makes us tick!
READ MOREAfter two and a half years of litigation, a biological father has been recognized as a legal parent of his child who was placed for adoption without his consent, according to a recent Minnesota Supreme Court decision. Although the father did not register with the Father’s Adoption Registry within 30 days of the child’s birth, he had executed a Recognition of Parentage (ROP) with the mother, started a paternity action, and obtained a temporary restraining order prohibiting the adoption, all before the adoption petition was filed. The mother attempted to revoke the ROP after the temporary restraining order was granted, but the Supreme Court held that the revocation was ineffective.
READ MOREAs states continue to modify and end stay-at-home orders, Minnesota and Wisconsin employers should give substantial consideration to the many employment issues as furloughed and laid off employees return to the workplace. The COVID-19 pandemic created many new challenges and issues for employers and individuals. Additional issues will arise as employers and employees continue to navigate these uncharted areas. Lommen Abdo’s employment and business lawyers are here to assist you in addressing these issues, and others, as you contemplate a move to a “new” normal. We think these are some of the most important issues to consider.
READ MOREThe Department of Health and Human Services, (HHS) passed a Declaration under the Public Readiness and Emergency Preparedness (PREP) Act effective as of February 4, 2020 through October 1, 2024. Manufacturers are protected from legal liability for additional 12 months from the above expiration date. Under the PREP Declaration, negligence cases involving future COVID-19 vaccines, treatments and certain medical devices will be barred from state and federal courts with narrow exceptions. As such, the only remedy for injured parties will be the Countermeasures Injury Compensation Program, (CICP).
READ MOREOver the past several weeks I have had many people contact me regarding their estate planning. Some are existing clients anxious to wrap up the process. Some are new clients asking how they can prepare their estate plan. The stress and anxiety caused by the coronavirus, increased time alone and the news cycle have cause people to view their planning differently. Estate planning is always important. An estate plan is the process of planning for your death or disability. A good plan takes care of you and your loved ones.
READ MOREIn the current COVID-19 pandemic, our society is preparing not only for the boredom that accompanies Stay at Home, Shelter in Place, and other pseudo-quarantines of indeterminate length, but also for the business ramifications which follow. Certainly 2020 will be a year filled with cancelled events and closed “non-essential” businesses. While many contracting parties have thus far shown remarkable flexibility to the change in circumstance, inevitably disagreements will occur. Before they do, parties should dust off their contracts and evaluate their rights, especially as they relate to the legal concepts of force majeure, impracticability/impossibility of performance, and frustration of purpose.
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