You may have made the responsible decision to execute a comprehensive estate plan, but what did you do with your estate plan once it was finished? Did you leave it to gather dust in a filing cabinet or safe deposit box? If so, it may be time to blow the dust off your...
Year: 2021
Considerations for vendor contracts
Many organizations use a vendor’s services to support their business goals. It is important for the business to have a contract in place with the vendor that addresses the terms of service, the costs involved and the length of time the vendor will provide the service....
Removing an estate executor or administrator
Becoming an estate representative, as either an executor or administrator, requires a great deal of personal responsibility. Ensuring an estate is disposed of properly, in accordance with the deceased’s wishes, can make demands of a representative beyond their...
What is included in an LGBTQ+ estate plan?
It might seem like same-sex marriage has been legal for a long time, but it actually was not legal in all 50 states until 2015. And, according to the U.S. Census Bureau, over 40 percent of LGBTQ+ households in the U.S. are still unmarried as a result. Unfortunately,...
Setting up a guardianship for an elderly loved one
Setting up a guardianship for an elderly family member is an important process for their loved ones. It is important for family members to be familiar with the process of setting up a guardianship because a lot rests on that process. The process of setting up a...
What to do when you disagree with the terms of a loved one’s will
When a person in Beaumont passes away, their estate will likely go through the probate process. If they have a will this is when the terms of the will are carried out and the deceased’s assets are transferred to their heirs. This process can be especially distressing...
How do I dissolve my partnership?
You may have heard the saying that all good things come to an end. Business partnerships are no exception to the rule. What started out as a great idea between friends, may not have turned out how you expected, even if the business itself is thriving. In such cases,...
Estate planning and protecting your bank accounts
The importance of establishing a estate plan is known to individuals in Texas; however, many will put this task off until later in life. The reality is that individuals own assets and property right now, regardless if it is much or holds much value. If one were to...
Is estate planning really essential?
During these crazy tumultuous times, estate planning has become a hot topic. However, one question that keeps coming up is whether or not estate planning is truly essential. Many people believe that state law will protect their families when they pass or that they do...
Understanding fraudulent conveyances
Texas is home to many aspiring entrepreneurs, but not all of them succeed. Some run into financial difficulty because their business plan was faulty, others experience unexpected market setbacks, and others may be the victims of bad luck. Bankruptcy is a common...