The federal government says that people in Texas and other places in the United States can have up to 10 mortgages. Furthermore, some types of property do not count against that total, including commercial real estate, apartment complexes with more than four units,...
Trading property of a similar kind for business purposes between people is common among Texans. The advantage of making a like-kind trade is that you do not have to pay capital gains taxes. However, there are a few things to consider. The properties do not have to be...
A beneficiary designation gives you the power to transfer your assets straight to your intended inheritor. All you have to do in this process is complete a form and file it with the financial company that holds the asset. In this form, you also designate the person to...
Municipalities in Texas use zoning regulations to improve communities by separating residential and commercial areas, but the way the rules are applied often draws criticism. Local authorities can make changes to zoning regulations to encourage economic development or...
When a parent dies, there is a chance that you will inherit assets such as a car, boat or a Texas home. Of course, it's also possible that you'll receive nothing or will want to liquidate your inheritance in favor of cash. Having estate planning conversations with...
Life events can significantly impact the way you do your taxes and the amount of taxes you owe. Texas residents do their taxes differently based on their marital status or other stages in life. Understanding how tax law works can help you manage your tax burden and...
A Texas corporation should have corporate bylaws to operate efficiently. This set of documents help to prevent disputes and provide guidance on the running of the business. Understanding corporate bylaws Bylaws are a set of rules, regulations and procedures that...
If you are in a blended family in Texas, then you know that things can get a little complicated when it comes to estate planning. Sometimes, for instance, it might be unclear who should inherit which assets, or how to ensure that each family member is taken care of...
When you retire in Texas, you probably look forward to enjoying more free time. However, given the challenges that come with aging and the need to leave your loved ones in good hands, estate planning will be among the most important decisions you'll have to make as...
Owning a business in Texas or anywhere else is exciting and carries great responsibility. Although you want to protect your company and hold it to the highest standards, certain situations can result in a lawsuit. Below are the most common types of business lawsuits....
