We were talking about the difference between these two things: Probate Asset VS Non-Probate Asset It’s time for non-probate assets. Non-Probate assets examples: Life insurance policies with designated beneficiaries. Retirement accounts with designated beneficiaries....
You can save yourself a lot of problems and craft a great plan if you know the difference between these two things: Probate Asset VS Non-Probate Asset Today, lets cover probate assets. Probate assets examples: Property solely owned by a deceased individual. Personal...
Do you want your business to live beyond you? I know it’s not urgent but consider business succession planning. Its critical. Maybe you would like to retire one day. Sell your business. Transfer to family? In all of these situations you need a good succession...
Easements are common but misunderstood. Simply put- an easement grants someone else the right to use another person’s property for a specific purpose. Here are some common easements in Texas: Utility (Ex: power companies have rights to service, maintain their lines)...
If you are purchasing real estate and using a broker/agent you will notice a significant change in how typical commissions have worked in past. You will notice the Buyer must now agree to the Buyer’s agents commission before representation. You will also notice...
We receive many requests to prepare a “Living Will”. This is not a will; not sure why its named that! Interpretation – The document known as “living will” is an “Advanced Directive” which really needs to be in your complete estate plan. The Advanced Directive...
As you get rolling in this new year – here are some deadlines you need to know! BIG NOTE – we are not accountants so please consult your CPA. This is meant to a reminder to call your CPA and these can be different depending on some factors. January 31, 2025 –...
When someone says – “I got sued” or “I want to sue someone” – what does that mean? Short answer – it means going to court to resolve a dispute. There are really two parts – finding the facts (using documents, witnesses, evidence) applying the law to those facts (the...
Here are 5 key things to understand as a business owner when creating and running a small business in Texas: Choose the correct business structure (LLC, Corporation, Partnership, etc). Understand Texas tax obligations and deadlines. Comply with employment laws and...
Let’s say you own a rent property or a commercial building but put the title in the name of “Apple Investments, LLC”. You get insurance for Apple Investments, LLC. Call your agent now and tell them to add your name to the insurance policy as an “Additional Insured”....
