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Mockensturm, Ltd. Legal Blog

A good will avoids fights later

The death of a parent or loved one can be a hard and deeply emotional experience. Moreover, it becomes more complicated if there is no will, or one that is poorly written. Experts always advise people to put some real thought into a will and work with an estate law...

Do I pay taxes if I collect Social Security?

The Tax Cuts and Jobs Act of 2017 (TCJA) is a major overhaul of our tax system that affects nearly everyone, including individuals, families and companies. While the law was signed in 2017, income earned in 2018 is when its impact will first be made on those filing...

Government gets first conviction using FATCA

The Foreign Account Tax Compliance Act (FATCA) requires foreign financial institutions to indentify U.S. taxpayers and report information about their financial accounts. The primary aim was to prevent taxpayers from using foreign accounts to commit federal tax crimes....

Sears and Kmart department stores repurposed

The long slow demise of Sears has been painful for those who used to love to look through the famous catalogs. These days the department store chain is perhaps remembered as a brick and mortar precursor to Amazon and other online shopping sites. However, as buying...

Aretha Franklin left no will

The world mourned the loss of Aretha Franklin after her long battle with pancreatic cancer. Despite the fact that she was 76 years old and she knew she had cancer, Franklin left no will for her four children. According to media source, not only does this leave the...

Best to save that home equity for emergencies

Home equity can come in extremely handy for keeping you financially afloat during retirement or long-term illness. However, it should not be regarded as an ATM to be emptied whenever you feel like it. According to the Associated Press, American homeowners are sitting...