Many families use one of two type of trusts, particularly when there are minor children. A testamentary trust is created through a person’s Last Will and Testament. However, the will...
Upon acceptance of a trusteeship, the trustee shall administer the trust in good faith, in accordance with its terms and purposes and the interests of the beneficiaries, and in accordance...
Although cryptocurrencies have existed for over two decades, they have garnered considerably more attention in recent years. A majority of this attention has put a spotlight on cryptocurrencies and the...
Ohio’s new limited liability company act became effective February 11, 2022 and is a complete replacement of Ohio’s LLC law based on the American Bar Association’s prototype LLC act. The ...
As we look back on the first 100 days of President Biden’s administration, there have been many proposed changes to both individual and business tax rates, estate planning considerations, and...
The IRS recently published IRS Notice 2020-54 which provides new reporting requirements for “qualified family leave” and “qualified sick leave” wages paid to employees under the Families First Coronavirus Response...
DBL Law attorney and CPA Colleen Fausz has joined the Family Nurturing Center Board of Directors. She practices in DBL Law’s Business Organization & Taxation, and Wills, Trusts & Estate...
A recent Ohio Supreme Court case, recognized that the price paid for the transfer of a 100% equity interest in the LLC owning a 264-unit apartment complex in Columbus, Ohio...
U.S. Treasury Secretary Steven Mnuchin announced relief aimed at helping taxpayers who have been impacted by the coronavirus pandemic. Secretary Mnuchin announced that the IRS will allow: individuals to defer federal...
The Treasury Department recently released a second round of proposed regulations clarifying certain requirements for investments in Qualified Opportunity Funds (QOFs). The proposed regulations are designed to encourage development in...
