Rushing & Guice Blog

Land Use Disputes Can Lead to a Claim of Adverse Possession
In some land dispute cases, one of the parties may file a claim for the other party’s property by citing “Adverse Possession”. A person that wants to take possession of another’s land that they have been using without offering money or any other compensation must have been using the property for at least ten years. It may be rare that someone has been using a property for ten...
WILL THE NEW TAX LAW AFFECT MY MORTGAGE INTEREST DEDUCTION?
The Tax Cuts and Jobs Act was signed into law by President Trump on December 22, 2017. The new law reduces the limit on deductible mortgage debt to $750,000.00 for new loans taken out after December 14, 2017. Current loans of up to $1,000,000.00 are grandfathered and are not subject to the new $750,000.00 cap. Neither limit is indexed for inflation. Homeowners may refinance mortgage debts existing on December...
Corporate Disputes Often Involve Fiduciary Duty
For many years, a trustee has been required to serve their beneficiaries loyally with the same regard for the beneficiary’s interests as they would their own. And a trustee must also surrender any gain to the beneficiary when the trustee has made a profit by serving their own needs while in the service to the beneficiary.  This duty of loyalty has been adapted by the courts to other...
Estate Planning and the New Tax Law
The new tax law promises many sweeping changes including a decrease in taxes for most Americans. It is also going to make changes in estate taxes which may have some people worried as they have made plans based on an old law. One step that many have taken in the past to reduce estate taxes might be a problem due to the nature of that strategy.  That strategy is...