As readers of this blog know, there are several estate planning documents that are important. These include Wills, Trusts, Durable Power of Attorney, Medical Power of Attorney, Guardianships, etc. Though, this post will focus on MPOAs, which can be extremely...
Month: January 2022
Does your business succession plan address these 5 key areas?
As you age or your health declines, you might find yourself worried about what will happen to your business when the time comes when you’re no longer willing or able to run it. After all, running a business is no easy feat, and its intricacies can swallow an...
Benefits of a noncompete agreement
Many Plano area businesses have grown and created a competitive formula to make them successful. An employer may worry that an employee will one day leave the company and start their own business using the methods the company developed. An employer may want to have an...
Resolving shareholder disputes
Many businesses have investors, called shareholders, who provide funds in exchange for a share of the business. Sometimes, shareholders have disagreements about how the business should meet its objectives. When the dispute is unresolved, it can take the focus off the...
Why would a will be challenged?
Many people in Plano have spent the time to create their estate plan. A will is often part of an estate plan because it allows a person to dictate where they want their assets to go when they die. Most of the time the probate process of settling an estate goes well...
Do you know how to ask for a cure of a breach of contract?
When someone doesn’t live up to their obligations under a contract, you might be able to sue them for breach of contract. But most contractual arrangements allow the parties to try to avoid litigation by containing a clause that gives the parties the opportunity to...
Are taxes the only reasons to update an estate plan?
With news of the Build Back Better Act permeating nightly broadcasts, some of our readers have likely already called their estate planning attorney to figure out if they need to update their plan. Indeed, every time a new tax law is passed, one should update their...