You’ve decided to take charge of your future and protect your family by creating an estate plan. But as you review the associated costs, you may wonder: Are estate planning fees tax deductible? This is a common question for Texas residents who want to plan wisely for their legacy and finances. In this blog post, we’ll break down the...
Continue ReadingIn a litigious world, best practice is to secure a written contract for agreements whenever possible. This avoids relying on “he said, she said” testimony. But sometimes this is not possible. Are verbal contracts binding? Verbal contracts are legally binding and enforceable if they meet certain requirements. If the verbal contract is otherwise valid, it is enforceable. The contract...
Continue ReadingWhen handling a business contract or navigating a personal agreement, the last thing someone needs is for the other party to back out or fail to deliver on their promises. Whether a contracting party is a buyer, seller, or service provider, an anticipatory breach of contract can create chaos. This breach may leave a party wondering what to do next and...
Continue ReadingFiduciary duties are the cornerstone of trust and integrity in many relationships. A fiduciary who breaches one of their duties can cause significant pain and loss to others. But how do you prove a breach of fiduciary duty? The methods for proving a breach can differ depending on the facts of each case. This article will provide a general...
Continue ReadingA breach of contract occurs when one party fails to fulfill their obligations under a legal agreement, possibly leading to significant financial and legal consequences. Understanding the statute of limitations in Texas for breach of contract claims is crucial, as it sets the timeframe within which you can initiate legal action. Missing this deadline can result in losing the...
Continue ReadingDealing with issues related to trusts, trustees, or estate management can get confusing. Maybe you’re not getting the funds you were promised or noticing that the trustee is not acting in your best interest. The whole process can feel unfair, especially if you’re unsure of your rights. If you’re facing fiduciary litigation, you need someone who understands the law...
Continue ReadingIf you own a business, it is almost inevitable that you will face a business contract dispute. Contracts are the lifeblood of most business operations. Businesses regularly contract with partners, vendors, customers, and other companies. Typically, the parties uphold the agreements. But there are times when business disputes arise. Business contract disputes that go to court are often costly and time-consuming....
Continue ReadingYou may have heard the phrase that if it is not written down, it never happened. With contracts, it is always best to memorialize the terms in writing. A written contract ensures both parties understand their responsibilities and what is being exchanged. It reduces misunderstandings and disputes. However, goods and services are often still exchanged without a written contract. And what...
Continue ReadingSuing a limited liability company (LLC) in Texas can be complex, especially if the business has little to no assets. LLCs are designed to protect their owners’ personal assets, making it difficult for creditors or plaintiffs to recover monies owed if the company lacks sufficient resources. While it is possible to sue an LLC with no assets, a successful...
Continue ReadingA DBA, or “doing business as,” is a name a limited liability company (LLC) can operate under that differs from its legal business name. It allows businesses to present themselves with different brand identities without forming multiple legal entities. In Texas, DBAs offer flexibility, especially for LLCs that want to branch out into various products or services without needing to...
Continue Reading