Mediation is an excellent way to resolve legal business disputes out of court. It is an alternative dispute resolution process in which a mediator acts as a neutral third-party facilitator. The mediator is an impartial party who helps both sides communicate to reach a mutually beneficial agreement. People often use mediation as a cost- and time-efficient dispute resolution model....
Continue ReadingTrusts come in several different structures. One of the biggest differences between trusts is whether they are “living” or “testamentary.” When it comes to testamentary trusts, you can create one through a will, causing it to take effect after the person who makes the will dies. These trusts can control how someone manages and distributes assets over time, helping...
Continue ReadingA will gives clear instructions for handling a person’s property after death. However, problems can arise when an executor ignores or mishandles those instructions. Misconduct by executors can result in harm to individuals and their assets. If you are trying to figure out what to do if the executor does not follow the will, Texas law gives you several...
Continue ReadingWhen someone creates a will, they usually name an executor to carry out their final wishes. The executor manages the estate, pays debts, and distributes property after death. Yet, circumstances can change, leading many people to wonder what happens if the executor of a will dies, either before or after the will takes effect. The answer depends largely on...
Continue ReadingStarting a business in Austin, Texas, is an exciting venture, but it can also feel overwhelming. You may have many questions, particularly: What is an operating agreement? And do I need an operating agreement? An operating agreement is a foundational document for your limited liability company (LLC), detailing how your business will function daily. It’s meant to establish the...
Continue ReadingHave you ever asked yourself, Do I need an estate plan? If so, you are not alone. Many people hear “estate plan” and imagine something vague and inaccessible. But an estate plan lets you prepare yourself and your loved ones for what to do if you become medically incompetent and when you die. Without a plan, your loved ones...
Continue ReadingNo one wants to leave their family sorting through paperwork and probate court filings when they should be remembering you. Fortunately, in Texas, creating a clear will doesn’t have to be expensive or feel like an ordeal. So, how much does it cost for a will in the Lone Star State? The price depends on your goals, assets, and...
Continue ReadingWhen someone dies, the clock starts ticking. Texas law gives an executor four years from the date of death to file the will for probate. But what if that doesn’t happen? What if the executor does not probate the will, either intentionally or by neglect? The answer can shape what happens to property, debts, and family peace for years....
Continue ReadingIn the Lone Star State, contracts form the backbone of nearly every business relationship. When one party fails to uphold their end of the deal, the fallout can disrupt operations and profits. If you’re searching for contract disputes examples, you’re likely facing a disagreement over a deal that once seemed clear. Most contract issues follow familiar patterns, so understanding...
Continue ReadingWhen a loved one dies without a will, distributing their estate can add even more hardship to a grieving family. In most cases, the decedent’s estate will go through a probate process involving lengthy delays and court oversight. Fortunately, there are some methods heirs can use to receive the decedent’s property without going through probate. A Texas affidavit of...
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