Selling a business can be an exciting yet bittersweet experience. After years of hard work and dedication, selling represents an opportunity to cash in and move on. It can also symbolize stepping away from something you love and starting a new chapter in your life. Beyond the emotional aspects, selling a business is also a demanding task in and...
Continue ReadingSetting up a living trust is often a highly efficient method of maintaining control over your assets while preparing to pass them on to descendants. However, you must take steps to prepare your assets for the trust. Transferring ownership of your property to your trust is one such step. Ensuring that a trust officially owns all the assets you...
Continue ReadingAs a Texas business owner in Texas, there is a chance someone may have disparaged your business on a popular website or social media, possibly giving rise to a business disparagement claim in Texas. If this hasn’t happened to you yet, it may very well be something you face in the future. But what exactly is business disparagement in...
Continue ReadingA properly formed and executed estate plan can ensure loved ones benefit from all a decedent’s property once they pass. Unfortunately, not everyone can perfectly manage their assets and make the proper arrangements to pass them on with little effort. Sometimes, valuable property can fall through the cracks. During the probate process, the families of the deceased relative might...
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...
Continue ReadingThe Texas Estates Code sets out a process for overseeing the distribution of an estate’s assets. Intestate estates (those where the decedent left no will), and an estate with assets that are not exempt, must go through probate. Though the process is relatively straightforward, several issues that might interrupt the distribution of the estate to heirs can arise. From...
Continue ReadingFacing a legal dispute is a significant hurdle for businesses of any size to overcome. Resolving the issue costs time and money that most companies would rather spend elsewhere. The dispute can distract employees and detract from a business’s core mission. To make matters worse, there is often a risk that the dispute will not be resolved in the...
Continue ReadingProbate can be a long, complicated process. Between the filings, deadlines, and court hearings, people often ask, Do I need a lawyer for probate? In most cases, the answer is yes. However, even when a probate attorney isn’t required by law, their services are invaluable and can often save you time and money when probating an estate. What Is...
Continue ReadingBusiness litigation can be a costly and time-consuming process for any company. The controversies at issue can represent an existential threat to the business engaged in the litigation. Further, Texas business litigation law calls for specific processes that must be followed. These processes are rarely quick. Fortunately, many companies can avoid litigation through proper planning and effective governance. However,...
Continue ReadingBuilding a Texas business from the ground up can be exciting, but it comes with a good deal of risk. Instead, many entrepreneurs choose to buy existing businesses. Purchasing an existing business can have its advantages, but when buying an existing business, it is important to have knowledgeable legal counsel help you complete your due diligence before you close...
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