Effective estate planning is crucial for proactively managing the transfer of wealth for generations to come. One of the most crucial elements of doing so comes down to the “powers of appointment.” Powers of appointment offers a unique blend of flexibility and control over asset distribution. These legal mechanisms are essential for individuals who wish to thoroughly guide the allocation of their assets, ensuring Read More

Around 2017, it was difficult not to notice the sudden popularity surrounding fidget spinners. This spinning toy, appealing in its simplicity, quickly became a worldwide phenomenon, engaging children and adults. However, this surge in popularity highlights a significant lesson in intellectual property (IP) rights and how vital the protection and preservation of those rights is. Catherine Hettinger is the original Read More

When managing a business, understanding the tax implications of your assets is critical for long-term viability. For small to medium-sized business owners, the complexities of business taxation are often daunting, especially regarding depreciable business property. The Internal Revenue Code (IRC) provides guidance under sections 1245, 1231, and 1250, each dealing with different business properties. It’s important Read More

Creating an LLC or corporation is a major venture that opens up doors for you and your partners to generate wealth and opportunity. One of the most crucial decisions you'll face is where to establish your business. This choice influences and is influenced by the location(s) your business operates, the structure of your business, and privacy. While many entrepreneurs default to their home state for incorporation, Read More

When businesses engage in the acquisition of another entity, the tax implications of such a deal are a crucial element that must be accounted for. Those implications look different depending on whether the deal is a stock sale or an asset sale. Each of these deals serves a different purpose in the business landscape. Working with an experienced firm that understands both tax and business law is an invaluable asset Read More

Holding wealth in an offshore account is often perceived as an illicit practice meant to hide money or avoid taxes. This is a common misconception as a high number of individuals hold offshore bank accounts for a variety of legitimate, legal reasons. Many hold financial interests abroad or seek to diversify their wealth through various currencies. But, how do these accounts and assets transfer to beneficiaries at Read More

Who wouldn't want a zero-interest loan? In the current financial climate, with interest rates posing challenges for both consumers and businesses, the appeal of such an offer is undeniable. High rates are holding entities back from reaching financial goals and even postponing significant purchases. A loan with 0% interest seems like a saving grace from the high interest rates, whether it’s from a family member, Read More

Protecting your personal assets from your company's liabilities is a crucial aspect of risk management. The same is true in reverse – protecting your company’s assets from personal liability is just as important. Limited Liability Corporations (LLCs) have long been favored by business owners for this very purpose. They generally shield assets from both directions of liabilities. However, there are situations where Read More

Growing your business is more than just numbers on a balance sheet. It's a testament to your dedication, hard work, and vision. Growth is an achievement to be celebrated and we’re not here to take away from that, but it’s important to be prepared for the changes to come. At Dahl Law Group, we celebrate and champion the growth of businesses. We want to see you expand, hire more employees, and make your mark. Our Read More

Qualified Terminable Interest Property (QTIP) Trusts are an excellent estate planning tool for individuals who need to save on estate taxes while providing for a surviving spouse and, eventually, chosen heirs and beneficiaries. They provide flexibility and control over the assets and funds held within the irrevocable trust while also limiting the tax consequences. We want to explore the several benefits of this Read More