Should I have a Series LLC for my rental properties?
Some people may ask what is a Series LLC and why would I need one? The Series LLC concept was created by the Texas Legislature and is in Chapter 101 …
What are the benefits of a LLC?
LLCs offers benefits such as limited liability, tax benefits, legitimacy in business dealings, creating a structure for operations, and remaining personally anonymous.
A LLC is an entity having its own legal rights and obligations, …
A Living Trust is a trust created and funded during the Trustor’s (sometimes called Grantor or Settlor) lifetime which is typically for the benefit of the Trustor during Trustor’s lifetime and then provides for other beneficiaries after the death …
Estate planning for a blended family
There are many ways to estate plan for a blended family and below are four of the most typical ways to address estate planning for a blended family:
Reciprocal wills: Each spouse makes a will …
What is a Transfer on Death Deed?
A Transfer on Death Deed is a tool that allows you own and control real property during your lifetime and then pass your real property to beneficiaries after your death without having to …
What About Medicaid In The State of Texas?
If qualifying for Medicaid and asset preservation are a concern, we can help the client prepare. Medicaid, unlike some other government programs, is not an entitlement program; if you receive benefits, the …
The Role of an Attorney in the Probate Process in Texas
The attorney prepares the application and the initial pleadings. Additionally, the attorney prepares all the motions and documents that the court requires. We typically provide the notices to creditors …
Assuming there’s a will, we would file the original will with the court, along with an application to probate the will, and appoint our client as the executor. We would prepare an oath for that client whereby they would …
Probate is the legal process of wrapping up an estate. It is getting the court to authorize someone to serve as the executor and to liquidating the estate. If there is a will, it’s getting the court to acknowledge …
A trust is not a contract. It’s not an entity. It’s an arrangement with three different roles. You have the grantor, or settlor, who creates the trust. Then, you have the trustee, who manages the trust. Next, there’s the …
