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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...
There are many reasons why it might become necessary to dissolve an LLC. It could be that the stated duration of the LLC has been reached or an event has occurred which requires dissolution. Whatever the reason, the members have agreed that the time has come – but...
A well-drafted business plan gives you the instructions on how to formulate and run your business for years to come. If you have a solid business plan your business could be more attractive to partners and investors. It is important, though, to choose the best...
Drafting, negotiating and executing various contract is an inherent part of running a business, and Texas business owners deal with contracts every day. Contracts are typically in writing, but as a business owner, you should be aware that there is also something...
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