July 2019 Archives

Dynasty trusts protect assets for future generations

Drawing up a will is an essential step for South Dakota residents who wish to protect assets for their family. However, depending on your particular needs, a will alone may not be enough. At The Krause Law Firm, P.C., we often assist clients with estate planning, including wills, advance directives and trusts.

Why are health care directives important?

Usually, when you seek medical care your doctor will explain your treatment options to you and you will choose the option you want to try. However, there may come a time when you are unable to understand your treatment options or unable to express your wishes. This could occur gradually as you age or become ill. It could also happen suddenly as a result of an accident.

How are businesses valued when being sold?

Even if you don't plan on selling your business any time soon, it still helps to know its value. When retirement finally comes, you want to ensure you're getting the best value for your business's worth. There are actually three different valuation methods you can use, each of which may uncover some illuminating information. The Balance explains the different ways that a business's value can be determined. 

How often do you need to update a will or estate plan?

If you already have a will in place, you may wonder how often you need to update it or if you need to add other key elements of an estate plan. No one wants to find out after their spouse is no longer able to make their own legal or financial decisions that now it will be more difficult to appoint a power of attorney.

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Vermillion Office 19 Market Street Vermillion, SD 57069 Toll Free: 888-328-5012 Phone: 605-610-3496 Fax: 605-336-8803 Map & Directions

Sioux Falls Office 600 E. Tan Tara Circle Sioux Falls, SD 57108 Toll Free: 888-328-5012 Phone: 605-610-3496 Fax: 605-336-8803 Map & Directions

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