The Blog

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...

Here are the simplified steps when buying/selling real estate: Step 1: Contract is negotiated and signed between Seller/Buyer. Step 2: Buyer obtains a loan through a Bank. Step 3: A title company researches the title to the real estate and issues a Title Commitment...

Ok Rancher – your defense against liability when someone gets injured on your farm when they are participating in a “farm animal activity” has a few holes.  You may be liable for property damage, personal injury, or death to a participant in a farm animal activity or...

Hey Rancher – keep this statute in your back pocket as it could be your defense if someone gets injured on your Farm: The Farm Animal Liability Act basically provides a person* is not liable for damage to property or injury/death to a participant in a farm animal...