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January 12, 2017Virtus LawNo CommentsCategories: Articles, Business

New Type of HRA!

By Thomas Fafinski In mid-December, Obama signed a new law which unwinds the IRS position prohibiting employers from contributing to employee HRAs and creates a new type of HRA strategy!    Starting...

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October 26, 2016Virtus LawNo CommentsCategories: Articles, Business

Business Lesson from the Ryder Cup

By Thomas Fafinski Wouldn’t it be great if our team worked because of their passion for their role, their associations with our cause and mission, the thrill of participation, the pride of a job...

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October 3, 2016Virtus LawNo CommentsCategories: Articles

Act Now, Save Later

By: Thomas Fafinski Published in WealthCounsel Quarterly October 2016 10 Year-End Tax Planning Strategies to Discuss with Your Financial and Tax Advisor Before the Holidays As summer draws to a close,...

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September 28, 2016Virtus LawNo CommentsCategories: Articles

The End of Valuation Discounts is Coming

The days of reducing gift and estate tax through valuation discounts for closely-held family businesses appear to be coming to an end. After months of anticipation, the U.S. Treasury has released pr...

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July 28, 2016Virtus LawNo CommentsCategories: Articles, Business

Advantages and Disadvantages of LLCs

By: Beth Schroeder Forming an LLC to hold tangible property assets is a good idea if you are actively investing in real estate. However, LLCs may not serve as the best holding vehicle for every proper...

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May 26, 2016Virtus LawNo CommentsCategories: Articles, Business

Building your Business Practice: How Legal Assessments Deliver Value to You and Your Clients

By: Thomas Fafinski Published in WealthCounsel Quarterly April 2016 A client’s decision to retain you is often overwhelming.  Are you the best person for the role as their business counselor?  Are...

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January 19, 2016Virtus LawNo CommentsCategories: Articles

Attractiveness and Certainty: The Minnesota LLC Act Makeover

By: Candace M. Groth Up until recently, Minnesota LLC’s were governed by 322B, a statute modeled on Minnesota’s corporate statute. 322B included extensive corporate formalities, dissenter’s righ...

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September 8, 2015Virtus LawNo CommentsCategories: Articles

Decanting: How to Fix a Trust That Isn’t Getting Better With Age

  While many wines get better with age, the same cannot be said for some irrevocable trusts.  Maybe you’re the beneficiary of a trust created by your great grandfather seventy years ago that n...

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September 1, 2015Virtus LawNo CommentsCategories: Articles

Aging.gov: A New Resource for Older Americans and Their Families

More than 10,000 people turn 65 in the U.S. every day according to Aging.gov(http://www.hhs.gov/aging/), a new website recently launched by the Obama administration.  The goal of this website is to ...

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September 1, 2015Virtus LawNo CommentsCategories: Articles, Estate Planning

What’s Hot in Estate Planning Right Now May Surprise You

Estate planning has truly evolved over the past 20 years.  Gone is the uncertainty about federal estate taxes and the absolute requirement for married couples to use complex trusts to minimize these ...

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