Quote for the Day

“Creative solutions to common problems will be found. The potential is limitless, needing only–as has always been the case in the West–the people to match the challenges: ‘a society to match the scenery,’ as Wallace Stegner expressed it.” Teno Roncalio, Special Master of the Bighorn Adjudication of water rights, quoted in Wyoming’s Big Horn General […]

Read more
Quote for the Day

Plans to continue the [farming] firm may be frustrated by the lack of a competent management team. This situation may be avoided by taking steps, such as the following, to prepare for the future: Stressing the idea of a team approach to making decisions. Focusing on developing management skills. Emphasizing cross-training. Developing a system of routine communications. Implementing routine, nonthreatening […]

Read more
Quote for the Day

“Decanting is the act of distributing the assets of an old trust to a new one with more desirable terms. It provides an easy method for correcting errors or ambiguities, adapting a trust to changes in a settlor’s objectives or changes in a beneficiary’s circumstances, taking advantage of new planning opportunities or adding flexibility to a trust.” Peter J. Melcher, Robert […]

Read more
Quote for the Day

Regarding the benefits of so-called gun or NFA trusts: In gun trust planning, it’s in some ways less important to know who owns an NFA firearm and more important to consider who has the right of possession. Access equals possession. A spouse or other family member with access to an NFA firearm registered solely to one […]

Read more