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Steimle Birschbach Blog

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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Do I Really Need Powers of Attorney?

By SB Law | June 15, 2021

By:  Attorney Gina C. Ziegelbauer This month’s question is one I hear quite a bit: “I don’t have very much stuff, so do I really need to worry about doing any planning?” The answer is still yes, and for a few reasons. A couple of the most important planning tools individuals should have in place …

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Buying a Business in Today’s COVID Environment

By SB Law | June 1, 2021

By:  Attorney Andrew J. Steimle Just about every business in the United States was impacted by the COVID-19 pandemic.  But the world did not stop, and neither did business transactions.  This article is intended to provide you with some additional items to consider when buying a business as we start to come out of the …

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