Toledo Tax Law Blog
What is the best way to ask for a prenuptial agreement?
Asking your fiancé to sign a prenuptial agreement is one of the least romantic things you will ever have to do, but if you own assets your wish to protect, it's necessary for protection. However, if you approach this topic from the standpoint that it is for your...
Rule No. 1 in addressing business back taxes: don’t ignore the IRS
Small and medium-sized businesses face unprecedented challenges in 2020. If you have also received notice that you owe back taxes to the IRS, it may feel like the burdens are getting too big to shoulder. The IRS reports that more than 8 million Americans owe over $80...
The best time to get an estate plan in place was yesterday
Crafting an estate plan is crucial in caring for your family. It can be an important step for making sure things are in order once you’re gone – and it’s never too early to start. More than 70% of adults in the U.S. think that having an estate plan in place would make...
Division of Marital Assets
One of the most important steps of any divorce or dissolution is the division of marital property. This includes identifying all marital assets, determining fair market values, and then deciding how to divide those assets. Marital assets can include: real estate,...
Mockensturm Ltd hires new attorney
Kevin Urtz is a new associate attorney with ., and he primarily practices in the areas of family law, employment law, and general litigation. Kevin grew up in Western Pennsylvania and went to college outside of Pittsburgh, PA. He is an avid...
Rental property is a good investment in Toledo
The price of real estate is has gone up considerably in the last few years here in Toledo. This is good news for property owners, but there are still opportunities for those looking for investment properties such as rentals. In a market such as this, rental property...
Estate planning that involves blended families
Wills, trusts and estate plans come in all different shapes and sizes. Some will be straightforward because there is a single beneficiary, but these days estate plans will often need to consider children, stepchildren and a second (or third) wife. It can even get more...
Post-deadline tax law tips
This tax season has been one of the most complicated and confusing in recent memory. Of course, this is due to the implementation of the Tax Cuts and Jobs Act, which was signed at the end of 2017 but Americans who file annually only now crunched the numbers and filed...
Handling the breach of a real estate contract
People and businesses generally expect the details of a contract to be honored once it is signed. Whether it is landlords or tenants, contractors or customers, construction companies or owners, the reason contracts are signed is to make sure that a party’s...
Determining the value of a business when selling
The biggest question when selling a business is trying to determine its value. Whereas a selling a home will be about the property, amenities and other things that can be compared to other listings, valuating a business can be more complex, and there is more than one...
