A Brief Introduction to Limited Liability Companies

A limited liability company, or LLC, is a legal business entity that is designed to combine a variety of aspects of both partnerships and corporations in a way that is beneficial to the business owner(s). For many people starting a business, the LLC is the ideal option because it can provide personal legal protection, certain tax advantages, and much more. Learning more about what limited liability companies are is a Read More

ESTATE PLANNING FAQS

Why should you have a Will? Why should you have an attorney prepare your Will? What property is covered in you Will? Read on for answers to our frequently asked questions: Q. What is community property and what is separate property? A. Texas (along with other states) has a community property system as its basic marital property law. This is in contrast to other states that derive their property systems from the Read More

WHO PAYS WHEN A LOVED-ONE DIES

Who is responsible for the debt when a loved-one dies? While you may feel a moral obligation to pay the debts of a deceased relative, the legal obligation is likely different. The debts of a deceased are the responsibility of the deceased’s estate and are first deducted from the estate’s assets before being distributed in accordance with the priority established by the Texas Estates Code. If person dies with Read More