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Steimle Birschbach Blog

“Leave the Gun. Take the Cannoli.” Structuring Your Business Purchase to Avoid Taking On Unwanted Seller Liabilities

By SB Law | January 15, 2022

By:  Attorney Samuel J. Spurney “Leave the Gun. Take the cannoli” is arguably one of the most famous lines in movie history.  In the movie, The Godfather, Peter Clemenza – fictional hitman for the Corleone crime family – utters this line after avenging the betrayal of the Corleone family by one of its members. ​Asset …

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Federal Estate Tax Law Changes- Stalled or Dead?

By SB Law | December 14, 2021

By: Steimle Birschbach, LLC 2021 On September 24, 2021, we posted a blog entitled “Federal Estate Tax Law Changes Are Near” that summarized the provisions of draft legislation approved by the House Ways and Means Committee on September 15, 2021, that would have made drastic changes to the federal estate tax law.    Many practitioners and …

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Farm Succession Planning

By SB Law | November 15, 2021

By:  Attorney Michelle L. Birschbach Simply transferring a farm to the next generation is quite easy.  Successfully transitioning a farm business for the mutual benefit of all parties involved, however, is much more complicated.  It takes time, planning and the weighing of a multitude of considerations. Step One is to identify the successor.  Will the …

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Planning for Children with Disabilities Transitioning to Adulthood

By SB Law | October 15, 2021

By:  Attorney Alison C. Petri Parents have many questions when their child with disabilities is about to turn age eighteen (18).  Once your child is an adult you will no longer have the same ability to legally access or assist with your child’s financial or health care decision making.  What legal documentation your child needs …

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Federal Estate Tax Law Changes Are Near

By SB Law | September 24, 2021

Federal Estate Tax Law Changes Are Near By: Steimle Birschbach, LLC 2021 On September 15, 2021, the House Ways and Means Committee approved draft legislation that, among other things, would increase taxes for high-income individuals and make drastic changes to federal estate, gift, and generation skipping transfer tax laws. Before the proposed legislation becomes law, …

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Should I Add My Child to My Bank Accounts?

By SB Law | September 15, 2021

By:  Attorney Gina C. Ziegelbauer It’s not uncommon for clients to tell me that they’ve added their adult child or children to their bank account. My next question to them is what they mean by that?  Did you add the child as an owner to the account, a signatory, power of attorney, or beneficiary? The …

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Business Owners Beware:  Is Your New Hire an Independent Contractor or Employee?

By SB Law | August 15, 2021

By:  Attorney Samuel J. Spurney   At SB Law, clients regularly contact us stating that they want to hire an “independent contractor” to assist them in their business thinking that is the safest and most efficient relationship to have with their new hire.  When considering whether a person will qualify as an independent contractor or …

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My Loved One Passed Away…. What Do I Do Now?

By SB Law | July 15, 2021

By:  Attorney Gina C. Ziegelbauer This is the question our clients have when they’ve just experienced the loss of their spouse, parent, or other family member. It is a difficult time and everything can feel overwhelming. The answer depends on each individual’s situation, what assets they had, and the planning they had in place for …

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Fund That Trust

By SB Law | July 1, 2021

By: Thomas A. Griesbach 2021 Probate avoidance is one of many considerations in a good estate plan.  A revocable living trust is a common way of avoiding probate and is the best option for many (but not all) clients. However, a revocable trust will only avoid probate for the assets held by the trust, or …

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