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You may have what you feel are good reasons for not including one of your children in your will. Family dynamics are a complicated thing, and it is not unheard of for parents to become estranged from an adult child or for disagreements and ill-will to take place...
When business owners face litigation, it obviously causes concern. The first thought is usually “How much is this going to cost me?” That is a very important question, but the stakes could be even higher than money. Some business owners must worry about losing their...
Conversations with your family or loved ones about estate planning can be challenging, since they involve difficult subjects. No one wants to think about their family members passing away and talking about financial topics can lead to conflict. However, having an open...
When starting a new business, you can face many obstacles: finding real estate, hiring employees, drafting a marketing plan and more. Before you even start with these important big-picture items, you must consider which business entity structure works best. Wait,...
Estate documents help assure that your wishes are carried out after you die or if you are incapacitated. But wills, powers of attorney and health care directives are effective only if you select competent individuals to serve as your executor, power of attorney,...
The excitement that accompanies the founding of a new business can often obscure some necessary planning decisions. One of the most important questions is planning for the orderly transfer of the ownership and control of the business in the event that the founder is...
As people go through the estate planning process, they may execute a will, but that document only states the wishes of the deceased, it does not actually distribute the property. The personal representative is responsible for distributing the property and closing the...
Texas businesses depend on written contracts to conduct their operations. A contract may be used to describe the relationship with a supplier of key parts or to describe the relationship with the company’s distributors—or any of many different agreements that are...
According to a survey by Caring.com from 2021, only about one-third of us have actually begun to plan our estates. But, even for those that have drafted a will, there is still some confusion about incapacity planning and how it relates to our estate plans. Incapacity...
It is surprising how often one hears in the news about a celebrity or wealthy businessperson who dies without leaving any estate plan, even so much as a simple will. Texas residents are not required to plan their estates. However, if they do not, or if their estate...
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