With the new year starting, I thought it would be good to review and re-post my simplified checklist of the twenty-six items you can do to get your estate in order prior to death.
26 Items to Get Your Estate in Order
What Happens to Your Will After a Divorce
Going through a divorce is never a pleasant experience. Divorces impact and disrupt family, financial and personal matters and are normally emotionally charged events in the couple's life. Divorces also impact decisions that were made in regards to estate planning while the couple was married. It is important to know how a divorce will impact your estate planning and the decisions and selections you made during that process.
Why Your LLC Needs an Operating Agreement
Setting up an LLC in Texas is a relatively simple task that requires very little information. To successfully form an LLC in Texas you only need to provide the name of the LLC, the registered agent's name and address, identify the LLC's members or managers, a statement of the LLC's purpose, and identify the LLC's organizer.
Use of online document preparation services for Wills.
We get a lot of calls and emails from potential clients who state that our fees for legal services are too high, and they will just go online and use one of the popular online document preparation services to prepare their Will at a faction of the cost. It is true that our fees are higher than the online document preparation services sites. However, what most people don't consider is that we don't just fill in the blanks to prepare your new Will. We use our extensive knowledge and experience to analyze each client's personal situation, objectives and needs, and give advice and counsel relating to the best and proper way to handle their estate planning needs and objectives. Experience and expert counsel is what you are paying for, not just the preparation of a new Will or document.
Entity Formation Considerations
With the advent of self-help legal websites and advances in on-line entity formation tools offered by many states, it is now easier than ever for anyone to form their own legal entity without the assistance of an attorney. However, the convenience offered by such options does come at a price that you may well end up paying down the road. Here are just a few of the things that you may be missing by opting to go without personal, professional legal representation in setting up a new entity:
PATH Act Permanently Changes Tax Impact of Conversion of C Corporations to S Corporations
S corporations are a creature of the Internal Revenue Code. They are corporations which have timely filed an S election with the IRS to be treated as a "pass through" entity; meaning that they generally pay no corporate-level federal income tax. The federal income tax attributes flow through to the shareholders of the corporation. Most small business entities are "pass through" entities-either S corporations or limited liability companies, taxed as partnerships or sole proprietorships.
Transfers Immediately before Death can be Counter-productive
February 3, 2016
Commercial Lease Considerations
November 6, 2015
Focus on Probate versus Non-Probate Assets
September 11, 2015
What To Expect: How To Select An Attorney To Represent You
September 11, 2015
