When a person passes away, the most likely heirs are their spouses, children and family members. Unfortunately, not all Texas residents want their assets going to family members. There are a few different tactics that you can utilize to help avoid your assets ending...
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Three tips to help young entrepreneurs start thriving companies
If you want to start a new business in Texas, it's understandable to make sure you're doing everything right. Without learning how to open a business, you could find yourself dealing with lots of unwanted stress. With that in mind, here are three tips for young...
Do you really need a trust?
Many Texas residents are familiar with the fact that a living trust is helpful in avoiding the probate process. In fact, you'll find living trusts touted all the time at retirement seminars. However, a living trust isn't always the best option for everyone. What is a...
Why do most business partnerships fail?
Business partnerships are a very common way for two people to start a new company in Texas and share the risks that come along with doing so. Unfortunately, about 70% of all partnerships that are started end up failing. By understanding the reasoning behind these...
How can you avoid will contests?
If one of your family members in Texas isn't satisfied with their inheritance, they might contest your will after your death. You won't have to deal with it, but your loved ones will, and it could be months before they finally receive the assets you bequeathed. For...
Three qualities of a good executor
Writing a will is challenging because it requires you to address your own mortality. However, if you don't make these decisions, a Texas probate court judge will make them for you. In addition to documenting what you want to happen to your property, you will also need...
What happens if your will is out of date?
If you live in Texas and already have an estate plan or you are creating one, you might wonder whether your will goes out of date at some point in the future. The good news is that wills do not have an "expiration date." The bad news is that for other reasons, an...
What can you do if you were left out of a will?
If one of your loved ones has died in Texas, you might be shocked to learn that you weren't included in their will. Maybe it was a personal choice on your loved one's part, and if that's the case, there's not much to do about it. However, you might want to take action...
Negotiating a partnership agreement
Many people in Texas set up small businesses with their close friends or family. Although your partner is your family member or closest friend, you still need to negotiate an official partnership agreement with them. A partnership agreement is a legal document written...
Who is considered an interested party?
When an individual dies in Texas, certain people have the right to contest the individual's will. They might launch a will contest if they suspect that the individual was forced or influenced to write the will a certain way. However, only people who are "interested...
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