Today, this tip is being reposted by request of clients and friends! We’ve received many calls from people wanting to change their Will over to a Trust. The sole reason mentioned: to “Avoid Probate”. May we challenge the thinking on this and help bring...
If you own a “mineral interest”, then you may own up to 5 different rights associated with the minerals: Executive Right – the right to lease the minerals to an oil/gas company. Bonus Payment – the right to receive a bonus payment from the oil/gas company in return...
New reporting requirement became effective January 1, 2024. Many companies (such as LLCs and Corporations) must report information about their “Beneficial Owners” – the people who own/control the company. They are required to report to the Financial Crimes...
Farm owners. Ranchers. Tenants. You must hang a sign with this language near your arena, corral, stable, barn, etc so you can keep your legal protection: WARNINGUNDER TEXAS LAW (CHAPTER 87, CIVIL PRACTICE AND REMEDIES CODE), A FARM ANIMAL...
As of January 1, 2024, here are the numbers- Estate Tax Rate: rates max at 40% Exemption Amount**: 13.61mm per person (27.22mm if married) ** explained another way – you will not owe estate taxes if all the assets, including life insurance,...
If you are borrowing money from a bank, here are some terms and tips and things we would recommend you knowing about and getting in place if possible: Interest Rate Ceiling: This is the highest interest rate allowed in your Note. (ex: at no time can the interest...
