Biff owns his home in town. In Texas, we call this his “homestead.” You are his acquaintance but not a relative. He wants you to loan him money and says he will let you use his homestead as collateral. Can you help? Sort of. You can make Biff a loan...
Jim and Betty Brown (names changed to protect the innocent) were elderly when they moved in with Bill (their son) and his family. They decided to sell their house on Creekside Drive to not be a financial burden to Bill. The market was great and their home was under...
You have a good Will in place. It gifts all of your money to your children upon your death. You set up a Trust in your Will benefiting your kids until they reach the age of 30 because they are not quite financially responsible. In addition to a size-able life...
Brad and Karen had a terrible evening last night. Everything was going great weeks before with the rapid growth of their landscape business. New trucks, new employees, more clients, and a great business reputation was spreading. Unfortunately, two weeks ago their...
The homestead exemption is way for someone who owes certain creditors to keep their home and ensure that creditors can’t claim it to pay a debt. This exemption was originally created in order to protect families from husbands, who might have gambling or alcoholic...
Allen Firm Quick Tips This makes me sick I do not hate many things. But.. When I have to watch a person be forced to sell the family farm, cattle, and equipment to pay for nursing care/assisted living of his/her spouse..I hate that. Especially when they could...
