Purchased property can increase its value. For example, if you bought property in the 1970’s for $100,000.00 and the same property is worth 600,000.00 today, then your property has appreciated, or grown, in value. The Federal government taxes this increase in value through a capital gains tax. Depending on your tax bracket, the capital gains...
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Whether you’re the plaintiff or defendant, a lawsuit is a complicated process. There are many court rules, filing deadlines, and procedural requirements that you should be aware of. As a result, once you realize that you will become involved in a lawsuit it is good practice to immediately consult with an attorney. An attorney’s job...
Have you been mailed or served with a judgment against you and you did not ever know there was a lawsuit against you? Chances are whoever sued you took your “default” – meaning you failed to respond to the lawsuit. But how could you respond if you never knew you were being sued in the...
If you’ve been sued and are unfamiliar with the legal system, it is a good practice to immediately consult with an attorney. This is because once a lawsuit begins there are many important dates and deadlines that will impact your rights. When Do You Need to Respond? A lawsuit is initiated when a Plaintiff files...