The Mendini Law Firm

08/03/2022

You've put down the deposit, the deed is signed, and you think the house is yours. But imagine if, even after all that, the previous owners won't move out. That's what a Wake County woman says is happening to her right now.

10/03/2017

Across the country, home prices continue to increase and property values in Charlotte are rising at a quicker rate than nationally. The Charlotte region also includes six of the top ten places to raise a young family. Here are some of the stories we are watching: Home Sales Prices Continue to Rise...

09/25/2017

Millennials are moving to Charlotte for a variety of factors outside of their careers, the real estate market continues to be a seller’s market in the Charlotte region, and Wilmington is seeking input from local leaders on how to continue to transform the downtown area. Here are some of the stories…

07/24/2017

Low housing inventory is contributing to increased home sale prices, and 11 ZIP codes in the Charlotte area are considered a wise real estate investment. The Charlotte region is one of the most attractive real estate markets in the nation, and Cabarrus County is experiencing a housing boom. Here are...

06/25/2017

Fed Reserve Bank raises rates yet again... when the big banks pay more for the money they loan you, eventually they want to increase what they charge you to borrow the same money.

https://www.nytimes.com/interactive/2017/03/15/business/federal-reserve-interest-rates.html?mcubz=0&_r=0

The Federal Reserve raised interest rates for the third consecutive quarter.

09/15/2014

A corporation is a formal way to organize your business to gain rights and privileges, and to limit your personal liability. There may be tax and financial advantages to incorporation, but it can also increase your business licensing fees and decrease the amount of personal control you have in running your business. There are many legal consequences to incorporation, so it's a good idea to consult an attorney specializing in corporate law.

08/29/2014

Recently updated, the law firm web page is now live and online! www.MendiniLaw.com

10/16/2013

WHAT IS A 1031 EXCHANGE??

When you sell property, you generally have to pay tax on the gain. Section 1031 of the Internal Revenue Code allows a taxpayer to defer the tax normally due on the sale of property held for investment or used in business or trade when the sale property is exchanged for another “like-kind” investment property. These exchanges provide opportunity to preserve and grow holdings.

09/11/2013

Alert: Penalty To Be Imposed Starting Oct. 1

Small businesses may be fined if they do not comply with the new federal health care policy, the Affordable Care Act. There is some confusion since the mandate to actually provide coverage was pushed back to 2015. However, the requirement to notify employees by Oct 1, 2013 was not changed.

All businesses with at least one employee and revenues of $500,000 per year starting Oct 1st will be required to notify employee(s) of their options with a specialized letter.

If a business that fits the above description does not comply there is a $100 fine per employee per day.

The following links provide details from the appropriate U. S. Government website.

http://www.dol.gov/ebsa/newsroom/tr13-02.html

If you have a healthcare plan-http://www.dol.gov/ebsa/pdf/FLSAwithplans.pdf
If you do not have a healthcare plan- http://www.dol.gov/ebsa/pdf/FLSAwithoutplans.pdf

03/10/2012

Together with southern hospitality, we offer paradise to outdoors men and women who appreciate point

01/11/2012

We wish you and your family a happy, healthy and prosperous New Year. The start of each new year presents us with a very real opportunity to look back on our life and evaluate the choices we have made. Although it's just another date on the calendar, people often use this time of year to reflect on our past and renew our hopes for the future – a New Year reminds us that change is inevitable, improvement is always possible and that ultimately, we are writing the story of our lives one day at a time....live well folks and Happy New Year!

12/06/2011

Estate planning is a tricky topic to discuss because it involves facing death. People who have worked hard their entire lives to protect their families and their wealth often put off the discussion until “one day,” leaving that final step either undone or in a mess. Despite their good intentions it is easy to make mistakes even when they do create an estate plan.

Here are four common estate planning mistakes:

1. Outdated or Unsigned Estate Planning Documents

2. Lack of Coordination between the Estate Planning Documents

3. Lack of Understanding That a Transfer of $1 Is a Gift

4. Life Is a Movie, Not a Snapshot

Conclusion

Planning is a process that should never end. It should begin when there are assets and/or young children and should evolve and become more complicated as life progresses. There are different issues that a client faces as they pass through the stages of life — single, married, divorced, widowed or remarried. In each of these phases, the focus should be on what is meaningful in that phase.

For most of us, the crystal ball of planning does not go more than five years. Families change, health changes, tax law changes and the law changes. The goal is to get the client on the path and to keep him or her there through all of the phases of life.