Tuesday, April 24, 2018

How Can I Avoid Conservatorship in Texas?

Conservatorship is the legal process in which the court grants a person the authority to manage another person’s finances. The court assumes that minors always need to have a guardian to make important decisions about their care and finances.  However, an adult may need a conservator or guardian because of a disability or illness that results in mental or physical incapacitation.
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Thursday, March 29, 2018

What Is the Best Way to Maximize My Social Security Benefits?

When lawmakers closed the “file & suspend” strategy that most people used to maximize Social Security benefits at the end of 2015, retirees had to focus on other ways to maximize their benefits for retirement. In addition to closing this loophole, lawmakers also made other changes that effectively closed some of the doors to strategies that people also used to maximize Social Security benefits.

Therefore, our Fort Worth Social Security disability lawyers work with our clients to develop new strategies that ensure they have the funds they need during their retirement years.

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Friday, March 23, 2018

What does it take to remove a trustee from a family trust?

While most grantors of a trust think long and hard about who should be their trustee, they may not always make the right choice. Some trustees do not take their duties seriously or take advantage of their fiduciary role. They may also butt heads with beneficiaries on other issues as well.

In most situations, beneficiaries can remove a trustee who is not doing his or her job. However, you will need to show that certain conditions have been met to warrant removal.

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Tuesday, February 27, 2018

Common Issues in Joint Ventures

3 Most Common Issues in Joint Ventures

Many assume a joint venture ensures automatic success. Two companies teaming up to leverage complementary skills and assets in order to tackle strategic needs looks like a recipe for productive work. However, many joint ventures are far from perfect and failure does occur.

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Monday, February 19, 2018

How Does the Tax Cuts and Jobs Act Affect My Choice of Entity?

How Does the Tax Cuts and Jobs Act Affect My Choice of Entity?

The Tax Cuts and Jobs Act that was signed at the end of last year ushered in many sweeping changes to the US tax code. Pretty much every taxpayer has been affected by the new legislation, and many businesses have been curious about how new tax rates and other stipulations will affect their operations. If you find yourself questioning whether you have the most advantageous business structure, you may benefit from talking with a Fort Worth small business lawyer.
One of the biggest questions for business owners after the new tax legislation concerns choice of entity. Many businesses choose to operate as a pass-through entity in order to utilize the capital gain tax rate if it comes time to sell assets down the road and to prevent double taxation.

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Monday, February 5, 2018

What Does the Tax Cuts and Jobs Act Mean for Small Business Losses?

Everyone is scrambling to figure out how the Tax Cuts and Jobs Act (TCJA) will affect the amount of taxes they have to pay. The sweeping changes impact not only personal income tax, but also businesses. In addition to getting rid of the corporate alternative minimum tax (AMT), lowering the corporate income tax and giving a deduction to people who own pass-through entities, the Act did away with a lot of tax breaks, and many of the changes only last a few years.

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Thursday, February 1, 2018

How Long Does the Probate Process Take?

When someone close to you dies, you have to deal with many issues, including the person’s estate. People in Texas are fortunate, because you might not have to go through the probate courts at all. If you do have to probate the will and the decedent’s estate falls within the guidelines for “independent administration,” the journey through court can be simple, with little official supervision.

If you have to take the estate through probate court with a dependent administration, it will take much longer than an independent administration.

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Friday, December 29, 2017

Important Considerations In Business Succession Planning

Do you know what will happen to your company once you are gone? Unlike corporations, which are typically owned by stockholders, small businesses must plan for what happens after the owner or owners retires or passes away. These small businesses, typically organized as sole proprietorships, partnerships, or limited liability companies, must decide how their business succession plans fit into their overall estate planning. Then, after consultation with a knowledgeable s
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Saturday, December 23, 2017

What is Muniment of Title?

Texas probate lawyers frequently use muniment of title proceedings to administer small estates quickly. If you have suffered the loss of a loved one, you might be considering the use of muniment of title to probate the will. If that is the case, you should consult with an experienced Texas probate lawyer.

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Friday, November 24, 2017

What Types of Guardianships are Available in Texas?

America’s founders established our great nation on the principle that all men are created equal.  But unfortunately, not all of us have an equal ability to exercise our rights.  Children, for example, are legally unable to speak for themselves, and many of our brothers, sisters, and parents live with conditions that limit their capacities to take care of themselves. Guardianships are an important tool for ensuring that these people enjoy the rights of being an American.

In Texas, guardianships are generally divided into two categories: guardianships of the person, and guardianships of the estate.
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Monday, November 20, 2017

What Kind of Power of Attorney Do I Need?

A power of attorney is a potent tool that allows a person to grant someone else legal authority to act on his or her behalf.  The person granting the authority is known as the “principal,” and the person receiving the authority is his or her “agent.”  But because powers of attorney are such powerful tools, it is particularly important to use the right tool for the right job when granting one.

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