The Blog
Feels like homestead
Here is what is considered a homestead in Texas: Rural: 200 acres (family); 100 acres (single) Urban: 10 acres w/ improvements (must be adjacent lots) Urban = several factors to consider: Does a city provide electric, sewer, water, gas to the property? Is it...
You don’t have to avoid this
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...
Two shortcuts.
There are no shortcuts in life (they say) but when it comes to a deceased’s estate upon death these may count: Shortcut #1 - Muniment of Title: If the deceased’s estate meets the criteria below then it is eligible for muniment of title which allows assets to transfer...
You’ll get a bonus with this interest
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...
4 things real estate Buyers must know
Please get title insurance if you are purchasing real estate. The “title commitment” will be divided into these four (4) parts: Schedule A - (very important) - shows who owns the land being sold or used as collateral for a loan. Schedule B - (very very...
Franchise Tax
Each taxable entity formed or doing business in Texas must file and pay a Franchise Tax (this includes Corporations, LLC, and Partnerships). The Franchise tax is based on the entity’s “margin”. The taxable entity’s margin and is computed in a few ways. Check out this...
Commercial leases scare me.
We understand how Commercial leases can be so scary. They are so complex and have big implications for your business. But - if you focus on these areas you will know some of the big things are handled: Lease term and renewal options. pay attention to how early you...
The Role of Trusts in Estate Planning
Trusts can be powerful tools in estate planning, offering benefits beyond basic Will provisions. Here are some more complex Trust strategies: Revocable Living Trusts: Offers management for beneficiaries and can avoid probate for Trust assets. Irrevocable Life...
Call them first. Don’t call us.
If you are a Tenant and something broken needs to be fixed, please do a few things before you call us. We should not be your first call. Consider these things for problems: Report maintenance issues in writing (through email or letter). Your lease may require...
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