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....
After you die, if you haven't made an estate plan or if your plan is outdated, there's no way to change your wishes regarding the distribution of your assets. The court will let the carelessly made plans stand or dismiss them and use Texas intestacy laws to give out...
An unfortunate aspect of living in Texas (or anywhere, really) is having to deal with all the myriad forms of taxation. From annual taxes like federal income tax to daily taxes like sales tax, the government finds numerous ways to take its cut. Navigating tax law and...
No matter what type of structure you want, an operating agreement is a reasonable consideration. Therefore, if you're starting your limited liability company in Texas, you should know about operating deals. Do you have to have an operating agreement? With an operating...
A tax bill could put an undue burden on residents of Texas, leaving some to wonder how they may reduce their tax bills. Federal law defines legal ways to reduce their obligations. Such tax avoidance steps do not involve anything illegal since the law provides for...
