Kruse Law

09/25/2024

Depending on how the settlement is worded, some parts of a personal injury payment may be taxable.

The taxpayer failed to report any of the $700,000 payment as taxable income on his return. So the IRS stepped in and the case ended up in the Tax Court.

05/02/2023

A federal judge’s decision to remove unvaccinated potential jurors did not violate two defendants’ Sixth Amendment right to have their cases heard by a fair cross section of the community, a federal appeals court has ruled.

A federal judge’s decision to remove unvaccinated potential jurors did not violate two defendants’ Sixth Amendment right to have their cases heard by a fair cross section of the community, a federal appeals court has ruled.

05/02/2023

If you own a home, it’s important to plan for the future and decide what happens to a mortgage when you die.

When you pass away, your mortgage doesn’t suddenly disappear.

05/01/2023

A statute of limitations puts a time limit on your right to file a personal injury lawsuit. If you wait too long and miss the deadline, you could lose your right to take your lawsuit to court. An attorney can explain your state’s statute of limitations and how it applies to your case.

04/29/2023

Don't wait to report injuries to your employer, even if the injury appears minor at first. Each state has different time limits for reporting work-related injuries. Missing the deadline can impact your ability to collect workers' comp benefits.

04/29/2023

It's important that after marriages, divorces, births, deaths and other major life events, account-holders need to check and, if necessary, update beneficiary statements.

Advisors call the failure to update beneficiary lists after major life events one of the most common and potentially costly retirement and estate planning errors people make.

04/29/2023

At least 6,182 people died in state and federal prisons in 2020, a 46% jump from the previous year, according to data recently released by researchers from the UCLA Law Behind Bars Data Project.

As U.S. life expectancy falls, experts say incarceration has serious health impacts. The U.S. has one of the highest rates of people in prison or jail in the developed world.

04/25/2023

The Supreme Court will consider an appeal by a man charged with violating an anti-stalking statute. The question before the court is whether the man's online messages are protected by the first amendment, or whether they constitute "true threats."

The upcoming Supreme Court case Counterman v. Colorado could have sweeping consequences not just for victims of cyberstalking but for online speech writ large.

04/25/2023

Having age-appropriate conversations with children about estate planning can help them understand its importance and how it works when they are older. Adult children should know important information such as who is chosen as estate executive or administrator, as well as where important estate documents are located.

People often assume estate planning starts when you’re rich, have a family or are elderly, but it can begin as early as your late teens

04/25/2023

It's always stressful when you get into a car collision. It's even worse if the driver of the other vehicle leaves the scene, making it a hit-and-run. Here's what you should do if you get into a crash, and the other driver doesn't stick around.

Car accidents are stressful and scary, and even more so if the other driver leaves the scene. Learn about how to handle a hit-and-run accident, your safety, and your role.

04/22/2023

The U.S. Supreme Court on Monday agreed to decide whether the “innocent owners” of cars seized because of the arrests of their relatives are entitled to a probable cause hearing before forfeiture proceedings begin.

The U.S. Supreme Court on Monday agreed to decide whether the “innocent owners” of cars seized because of the arrests of their relatives are entitled to a probable cause hearing before forfeiture proceedings begin.

04/22/2023

While Covid-19 has prompted a rise in estate planning, nearly 66% of American adults still don't have a will, according to a 2023 survey from Caring.com. https://cnb.cx/41uRsEK

Estate planning can "protect your money and your legacy," according to CFP Lazetta Rainey Braxton, member of CNBC's FA Council. Here's what families need to know.