A Private Placement Memorandum (“PPM”) is a document used to inform and provide all the legally required disclosures for potential investors when offering the sale of a security. The Securities Act of 1933 provides that all offerings of securities must first be registered with the Securities and Exchange Commission (“SEC”). Exemptions to Registration There are […]
As a Trusts and Estates Attorney, I hear many questions about estate planning strategies — including Trusts. There are several misconceptions about Trusts and how Trusts can be used to with a person’s estate planning strategy. This article will address five common questions about Trusts in Ohio. Do You Have to Give Away Control of […]
One of the most common ways to create intergenerational wealth is through family businesses and enterprises. However, there’s a common adage about family businesses and enterprises — the first generation starts the business, the second generation grows the business and the third generation loses the business. Unfortunately, this saying often turns out to be true […]
One very important aspect to be aware of as an executor or trustee has to do with the managing of estate assets. Whether you are a trustee of a trust or an executor of a probate estate, you are sitting in a fiduciary capacity. Fiduciary capacity is a legal phrase which means that you must […]
Recording fees for most documents filed in Ohio’s 88 counties will increase by $6 — effective Thursday, October 17, 2019 — due to the passage of HB 166 by the Ohio Legislature.The new recording fee will be:$34 for the first two pages$8 for each additional pageAs mandated by the legislation, half of the collected fees […]
By: Daniel A. Perry Starting a business is one of the biggest decisions you can make for your career. It can affect your career, your family, and your future. It is no secret that 30% of businesses fail in the first two years, and nearly 50% fail in the first five years. Many times, it is […]
by Daniel A. PerryEvery time I speak with clients regarding setting up and establishing their estate plan including their Last Will and Testament, Disability Legal Documents, and Trust documents (whether they are revocable or irrevocable), I always tell my clients the same thing.“We Can’t Stop Here Now That All Your Documents Are Complete. We Must […]
by Daniel A. Perry, Esq.A common story that I hear nearly every day in my law practice is regarding the nursing home. Almost every week I will receive a call to my office from the adult children of an aging parent. The children almost always call in a panic because they admitted their mother to […]
Every time I meet with a client I hear the same misconception, “We have life insurance, but that is tax free for our children, right?” Wrong! Life insurance death benefits are not necessarily tax free. Life insurance death benefits are included in your taxable estate when it comes to calculating the estate tax liability. Therefore, let me […]
by Daniel A. Perry, Esq.I was recently speaking with a husband and wife couple. This couple asked me an interesting question. They asked when is it a good time to review a previously drafted estate plan. Well, that’s a great question! However, if you have to ask, then today is probably a good time to […]