Frank C. Santoiemmo Presents at CMBA Seminar

Frank C. Santoiemmo recently spoke at the Cleveland Metropolitan Bar Association Real Estate Law Section’s seminar on April 25, 2017. The seminar, Residential Real Estate: Acquisition, Closing, and Development, featured speakers from banks, construction groups, law firms, and title agencies. Mr. Santoiemmo addressed residential real estate financing. Specifically, he discussed: banking regulation and market updates; acquiring and […]

SMDK Welcomes Evan S. Hirsch

Singerman, Mills, Desberg & Kauntz Co., L.P.A. is pleased to announce that Evan S. Hirsch has rejoined the Firm as a Principal.  Prior to rejoining the Firm, Evan practiced at Jones Day, focusing on real estate and business law.  Evan will continue to expand his practice in these areas.  Evan was named an Ohio Super […]

Fresh Assistance from Ohio’s Legislature: Fixing Mistakes, Missing Information, and Other Anomalies in Your Property Instruments

By Debora S. Lasch, Esq. Have you ever been in the uncomfortable position of finding that your real estate project’s recorded instruments—deeds, mortgages, etc.—are defective in some respect? While this discovery is certainly worrisome, there are instances where Ohio statutes will help fill in the gaps and rehabilitate an otherwise defective instrument. For example, even though […]

SMDK Attorneys Presented at the International Council of Shopping Centers Regional Retail Development & Law Symposium

Singerman, Mills, Desberg, & Kauntz Co., L.P.A. attorneys Gary Desberg, Frank Santoiemmo, and Jacqueline Hoelting presented at the International Council of Shopping Centers Regional Retail Development & Law Symposium, a conference focusing on current business and legal issues affecting the shopping center industry. Mr. Desberg moderated a panel discussion, “Property Management: Maintaining and Improving the […]

Increase in the Federal Exemption Could Mean It’s Time to Review Your Trust

By William M. Mills, Esq. Over the last decade, the total value of property that an individual can pass free of federal estate tax at death has more than doubled.  The so-called “unified credit” or “applicable exclusion amount” (the “federal exemption”) allows an individual dying in 2016 to pass up to $5,450,000 of assets without incurring […]

Long-Awaited but Unfavorable IRS Guidance on Section 50(d) Income for Historic Tax Credit Master Lease Structures

By Edmund G. Kauntz, Esq. On July 21, IRS issued temporary regulations which provide long-awaited guidance regarding the income to be reported by the master tenant of a project claiming Federal historic tax credits (HTCs) when the project owner elects to pass-through the HTCs to the master tenant (Treasury Regulation Section 1.50-1T). Owners engaging in a […]

Congratulations to the 2017 Best Lawyers

Singerman, Mills, Desberg & Kauntz Co., L.P.A. would like to congratulate Paul Singerman, Gary Desberg, Ronald Teplitzky, Samuel Pearlman, Gary Melsher, and Troy Brown on being included in the 2017 edition of Best Lawyers. Founded in 1983, Best Lawyers has grown into one of the most respected publications in the legal profession. Candidacy for the publication is based […]

The Potential Impact of Senate Bill Number 181 on You and Your Business

By Frank C. Santoiemmo, Esq. The General Assembly of the State of Ohio enacted Senate Bill Number 181 (“Legislation”), which Legislation was effective as of July 6, 2016. The Legislation (i) prescribes the fiduciary duties of corporate and limited liability company officers (ii) specifies that officers are not required for limited liability companies, (iii) permits […]

Postmortem Access to Digital Assets

By Jay P. AuWerter, Esq. It’s no secret that the impact of social media is growing. Platforms that once almost exclusively featured young people now have users of all ages. Take Facebook, for example. A website that started by exclusively targeting American college students has now grown into a favorite pastime of mothers looking to […]

Congress Passes Defend Trade Secrets Act

By Paul J. Singerman, Esq. On May 12, 2016 Congress passed the Defend Trade Secrets Act (DTSA). This new legislation amends the Economic Espionage Act of 1996. The DTSA applies to misappropriation of trade secrets occurring after May 12, 2016. The DTSA gives private companies a federal cause of action for trade secret misappropriations. Previously, […]