A well thought out estate plan should protect you, your loved ones, and your assets both now and in the future. To do that, however, care must be taken in the creation and the upkeep of that plan. Choosing the right estate planning attorney to assist you is a crucial part of creating a successful estate plan. At the German Law Group, we know how important the success of your estate plan is to you and we would be honored to be part of helping you create a successful plan. The attorney and staff at our legal practice are dedicated to assisting you with your immediate estate planning needs as well as creating a relationship that will allow us to continue to help Fargo, North Dakota residents throughout the course of their lifetimes.
The History of Fargo, North Dakota
Modern day Fargo, North Dakota, was originally part of Sioux (Dakota) territory. The area that would eventually become Fargo was once a popular stopping point for steamboats traversing the Red River during the last two decades of the 19th century. The fledgling town was originally named “Centralia.” When the Northern Pacific Railroad arrived in the town, the town started to flourish with the first settlors staking claims at the point where the railroad crossed the Red River. As a tribute the railroad’s director, William Fargo, the name of the town was changed to Fargo. William Fargo was also the founder of the Wells Fargo Express Company. Not long after the name was changed to Fargo, the city became known as the “Gateway to the West” because of its centralized location along the route from the eastern United States to the western U.S.
During Fargo’s early years the town lived up to a true “wild west” frontier town with more than its share of saloons and bordellos. Not surprisingly, Fargo was also known as the “divorce capital” of the Midwest at the same time because the divorce laws were particularly lenient during a time when divorce was not only socially frowned upon, but also not easily procured without proof of fault on the part of a spouse. In 1876 the young town of Fargo was home to only about 600 full-time residents, most of whom lived in shanties and tents; however, the town grew rapidly.
Just 15 years later the population of Fargo had swelled to 8,000 residents and most of the shanties and tents had been replaced with more permanent wood houses and buildings. Sadly, however, those wood buildings contributed to the town’s near destruction. As often happened during that time period, a major fire swept through the young city of Fargo on June 7, 1893, destroying 31 blocks of the town’s downtown area as a result of winds that fanned the flames. The residents rallied though, rebuilding almost 250 structures within the year that followed the fire. The new buildings were stronger and more resilient. In fact, many of those buildings are still standing today.
The early part of the 20th century saw the advent of the automobile industry with the Pence Automobile Company choosing Fargo as its home. Through the middle of the 20h century the Fargo—Moorhead area continued to grow steadily. Fargo-Moorhead is a common name given to the metropolitan area comprising Fargo, North Dakota, and Moorhead, Minnesota, along with the surrounding communities.
Fargo, North Dakota Today
Fargo, North Dakota is the county seat of Cass County and is also the most populous city in North Dakota, housing approximately 15 percent of the entire population of North Dakota. The city of Fargo is home to about 120,000 year-around resident; however, Fargo, along with its twin city of Moorhead, Minnesota, as well as adjacent West Fargo, North Dakota and Dilworth, Minnesota, form the core of the Fargo-Moorhead, ND-MN Metropolitan Statistical Area that has a population of just over 230,000 residents. Although Fargo grew slowly, but steadily, throughout the 20th century, it appears to be picking up speed in the 21st century. In 2014, Forbes magazine ranked Fargo number four among the “fastest growing small towns in America”.
Like many cities, Fargo has recently embarked on a gentrification of the city’s downtown in what is referred to as the Renaissance Zone. The growth of North Dakota State University, also located in Fargo, has also contributed to the city’s overall growth in recent decades. Moreover, the Fargo Moorhead Metropolitan Statistical Area (MSA) has consistently had one of the lowest unemployment rates of all MSAs in the country. When you combine all of that with low crime rates and affordable housing you can understand why Money magazine has ranked the city near the top of its annual list of “America’s most livable cities” throughout the late 1990s and early 2000s.
The German Law Group in the Fargo Community
At the German Law Group we strive to create lifelong relationships with our clients in the Fargo, North Dakota community. We are proud to be part of that community and to serve the residents who also live and work in the Fargo area. Our goal is to help our friends and neighbors by assisting them with their immediate and long-term estate planning needs.
Like many people, you may have yet to sit down and create your estate plan. One of the most common reasons put off creating an estate plan, despite understanding how important it is to have one, is the simple fact that estate planning may seem a bit intimidating. Our goal is to help you better understand the estate planning process and assist you in the creation of your individualized estate plan that covers all your specific estate planning needs including things such as incapacity planning, retirement planning, and asset protection. At The German Law Group of Fargo, North Dakota, we would love to be with you at each step of your journey through life and help you create an estate plan that ensures you, your loved ones, and your assets are protected.
Get Started on Your Estate Plan Today
If you have questions or concerns regarding your Fargo, North Dakota estate planning needs, contact the experienced North Dakota estate planning attorneys at The German Law Group by calling 701-738-0060 to schedule your appointment.