Digital assets are a category of commonly overlooked assets that play a crucial role in your estate plan and the legacy you leave behind at your death. It is all right if you did not consider these items when you first created your will or trust; such a mistake is surprisingly common and, luckily, easy to correct. What are digital assets? They include all of the following: your digital photos and videos saved on your phone, in the cloud, or on an external hard drive files (such as emails, financial…Read More
If you are part of the sandwich generation—caring for both your children and your parents at the same time—it is crucial that you know whether or not your parents have an existing estate plan. While the final decisions within their estate plan rest with them, creating a comprehensive estate plan is an absolute necessity, regardless of when it is done. The thought of speaking with your parents about important and often sensitive topics like their finances and estate planning probably makes you want to run as fast as you can…Read More
A brand isn’t just a logo on an animal; it is a legal identifier, and in Idaho, it carries significant weight. Brand laws are rooted in history. In the early days of the American West, cattle rustling was one of the most common and costly threats ranchers faced. Livestock often roamed freely across vast open ranges with little to no fencing, and rustlers could easily attempt to claim unmarked animals as their own. A unique, recorded brand became the primary method of proving ownership in disputes and criminal prosecutions. Today,…Read More
In Idaho, livestock, equipment, and land aren’t merely assets on a balance sheet. They are living, breathing symbols of a rancher’s legacy, representing not only financial value but also decades of hard work, stewardship, and tradition. To an outsider, a herd of cattle may look like just another form of property, but for the ranching family, those animals embody years of selective breeding, daily labor, and the hope of passing something meaningful to the next generation. A ranch without livestock, or a farm without crops, is like a home without…Read More
Livestock Isn’t Just Property, It’s the Heart of an Operation In Idaho, livestock, equipment and land aren’t merely assets. They are symbols of a rancher’s legacy. Fortunately, Idaho law recognizes the importance of ranching and agriculture, and our legislature has provided protection for farmers and ranchers in some interesting ways. Over the years, the state has enacted numerous statutes to protect farmers and ranchers. From open-range laws to statutory immunity for equine activities, Idaho’s legal framework is built with the clear intent to uphold and defend a way of life.…Read More
It All Starts with a Plan For ranchers and farmers who want their land to remain in the family, the first and most important step is simple: take action, and take it early. Start by working with an attorney who truly understands the unique issues facing agricultural families. But first, realize that not all lawyers do. You need someone who knows the ins and outs of property rights, water rights, grazing and timber contracts, branding laws, and the cultural importance of preserving land that’s been in a family for generations. Creating a…Read More
Choosing The Right Foundation Every farm or ranch is a business at its core. And like any business, it needs the right legal foundation to survive threats, whether internal or external. Fortunately, agricultural operations have access to the full suite of business structures available to other industries. Limited Liability Companies (LLCs), corporations, trusts, and partnerships are all tools we routinely use to help clients protect their land, equipment, and operations. For anyone navigating these decisions, getting tailored, farm business structure legal advice is essential, not just to choose the right…Read More
Estate planning is never a cookie-cutter process, but for farmers and ranchers, the stakes are uniquely high. For most people, an estate may include a home, a few financial accounts, and some personal possessions. But for agricultural families, the estate is often the land itself, the barns and cattle, the irrigation and grazing rights, the machinery, the fencing, the brand on the livestock—all of it. It is a lifestyle and a livelihood. More than that, it is a heritage. It is the family’s identity. And that is where the challenge…Read More
All registered corporations are required by law to hold an annual meeting. Limited liability companies (LLCs), although not subject to the same statutory requirement, may hold regular meetings in accordance with their governing documents. What Is The Purpose Of A Corporation’s Annual Meeting? In the United States, all corporations must hold an annual shareholder meeting because it is required by law. State laws differ slightly on what must happen at an annual corporate shareholder meeting, but it typically addresses the company’s annual report, board of director elections, new business ventures,…Read More
Some activities are inherently risky. Visitors of certain types of businesses, such as shooting ranges, equestrian centers, and sky diving know there is a chance they could get injured when they engage in the activities those businesses offer. To protect themselves against potentially costly lawsuits, businesses can use a liability waiver to shift the risk from themselves to their customers. Liability waivers are a type of contractual provision in which one party agrees not to hold the other party legally responsible for a set of acknowledged risks. Businesses may ask…Read More
