Estate planning might sound like a topic reserved for the wealthy or the elderly, but the truth is, everyone can benefit from having an estate plan in place. Whether you’re in your 20s, 40s, 60s, or beyond, an estate plan is a fundamental tool for ensuring your wishes are honored, your assets are protected, and
Nonprofit Law
Learn What the Corporate Transparency Act (CTA) Means For Businesses
Background
Beginning January 1, 2024, most business entities will be required to disclose once private business information regarding the entity’s “beneficial owners” to the Financial Crimes Enforcement Network (“FinCEN”), a bureau of the U.S. Department of the Treasury, through the filing of a Beneficial Ownership Information Report (“BOI”). This new reporting requirement is a result…
Is Ohio Next In Line to Spin The Wheel on Recreational Marijuana?
Issue 2 proposes to legalize the recreational use of marijuana in Ohio. Like any other significant legislation, it has its proponents and detractors; ‘people are for it or not.’ Regardless, its passage is taken as a given. Ohio is far from taking the lead on this issue, as 23 states have already legalized recreational use.…
Attorney Spotlight – Jim Dressman
Name
Jim Dressman
In which office are you located?
DBL Law’s Northern Kentucky office.
Tell us a little about your practice.
Much estate planning and probate; outside general counsel for several small/medium size businesses; Real estate and business transactions including entity formations and mergers and acquisitions. Transitioning to more of the former and less of…
Drop and Swap Strategy Aided by Recent Ohio Law Means Boon for Real Estate Investors
For many years, experienced commercial real estate (CRE) investors in Ohio have structured real estate purchases as an entity purchase and sale, often referred to as a “drop and swap.” This strategy is motivated by the buyer’s efforts to minimize real property taxes.
At times, a sale of commercial real estate results in a gain…
Department of Labor Announces Proposed Rule to Update Overtime Threshold
Today, the U.S. Department of Labor (“DOL”) announced a notice of proposed rulemaking that would update the salary threshold under which employees are eligible for overtime pay under federal labor law. The proposed rule would provide overtime pay for most salaried workers earning under $55,000 per year.
The proposed rule would include the following:
- Implement
…
Attorney Spotlight – Patrick Hughes
Name
Patrick Hughes
In which office are you located?
DBL Law’s Northern Kentucky office in Covington, Kentucky.
Tell us a little about your practice.
Economic Development Transactions, Financing, Zoning, Real Estate, Regulatory
What led you to a legal career?
I wanted to join the FBI.
What has been your most interesting or memorable case and…
Attorney Spotlight – Mark Guilfoyle
Name
Mark Guilfoyle
In which office are you located?
DBL Law’s Northern Kentucky office in Covington, Kentucky.
Tell us a little about your practice.
I chair the firm’s Government Advocacy and Economic Development group, helping clients navigate government bureaucracies in Kentucky state government and locally. This might involve representing a business before state regulators or…
New US Supreme Court Ruling Hands Arbitration Another Win Favorable to Employers
The United States Supreme Court decided a case in favor of arbitration agreements, which is a win for employers. The Court specifically determined that a lower court must stay a case while it was determining whether or not the arbitration agreement was enforceable. This will prevent companies from spending money litigating a case in court…
RAPpin’ the Civil Rules
A Handy Cross-reference between Kentucky’s New Stand-alone Appellate Rules and the Civil Rules They Replaced or Complement
By David Kramer, Chair, Litigation and Dispute Resolution Practice Group, DBL Law
In updating volume 7 of the Kentucky Practice Series this year I included references under the former Civil Rules to the Kentucky Rules of Appellate Procedure…