When managing a trust, various complexities can lead to disputes among those involved. Trust disputes commonly stem from specific issues related to the trustee's actions, the validity of the trust, or the interpretation of its terms. Understanding these common reasons...
Month: January 2024
3 common mistakes involving powers of attorney
On Behalf of Blazier, Christensen, Browder & Virr, P.C. | Jan 11, 2024 | Estate Planning And Probate
A power of attorney (POA) is a legal document that grants someone the authority to make decisions on your behalf. Typically, people will designate one or more people as their POAs for their financial and medical affairs with the idea that these trusted people can...
Plan to avoid these S-corporation tax issues
On Behalf of Blazier, Christensen, Browder & Virr, P.C. | Jan 9, 2024 | Business Law
A Texas company set up as an S-corporation typically passes income through to its shareholders, who claim the income on their personal tax returns. However, S-corporations can still be affected by taxes due to regulations that dictate how they must do business, and...
Why choose an S corp in Texas?
On Behalf of Blazier, Christensen, Browder & Virr, P.C. | Jan 3, 2024 | Tax Law
In Texas, you're required to form an LLC or C corporation before electing to operate as an S corporation. Many people opt to form an LLC instead of a C corporation because it is less formal and provides more flexibility. The main differences between the S corporation...