Andy Gutwein


Succession Planning for Your Family-Owned Business

by Andy Gutwein

It takes a lot of hard work and dedication to build your own business. When the time comes, you may like to keep it in the family. Having a succession plan in place will ensure that the legacy of your business will live on in accordance with your wishes. As you begin thinking about your options, you may come to the realization that your children aren’t yet ready to take over the business. This raises a number of additional questions: What will happen until my children are ready? What if they aren’t interested? What will I do if they aren’t?

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Recipe for Success: Separating Farm Land from Operations

by Andy Gutwein

There is a lot to think about when putting together a succession plan for a farm: Will it stay in the family or be sold? If it does stay in the family, will all or some of your children remain active? How long do you want to stay involved in the operations? The path to get where you want can be daunting. Luckily, there are certain steps that can be taken now to make the process easier when you are ready to transition. One step we suggest is to separate the farm land from the farming operations.

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Serving as Power of Attorney: Congratulations or Condolences?

by Andy Gutwein

At some point in life, many of us will sign a “Power of Attorney” (POA) and designate one of our children to be our “attorney in fact.”  Or, perhaps we have been named as attorney in fact for our own parents.  Being designated as an attorney in fact means that you have the authority to transact business for the person who appointed you (the principal).

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Global Technology on a Local Scale

by Andy Gutwein

I just returned from the American Bar Association Technology Show in Chicago (ABA Tech Show).  What a rush, absorbing the newest technology for law firms and learning from presentations by the Nation’s leading tech consultants. As I reflect on what I learned, I’m happy to know that our office is up to date and secure in our practices.  In fact, it seems we are quite a bit ahead of the curve because we have adopted paperless policies and have a leading document management utility in place.  Of course, there is always room for improvement and I was able to get inspired to improve some of our practices.

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