The basic goal of any estate plan is to ensure that people in Austin can dictate that their property ends up with the people they want to have it after they pass away. This can be done in a few different ways. However, there can be more to an estate plan then simply...
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Year: 2022
Understanding buy-sell agreements
Many Texas entrepreneurs can be extremely enthusiastic when they start their business, especially if they are joined in the enterprise by one or two close friends. Business relationships, like marriages, can often fray over time, and the initial enthusiasm turns to...
How do I set up an incapacity plan for my estate plan?
Incapacity planning is an important part of estate planning. The estate planner should think about what they want if they become incapacitated and should include a plan for if they do experience incapacity in their estate plan. Setting up an incapacity plan for my...
Medical professionals who go into business
Not too long ago, young doctors just out of residency would jump at the chance to work with a renowned specialist or join an already established practice. But now, some medical practitioners in Texas and elsewhere are deciding to go into business on their own....
Your estate plan can change automatically after divorce
It is no surprise that, as the circumstances of your life change, so too will your estate planning needs. Certain life events will necessitate you proactively updating your plan to reflect your new circumstances. What you may not realize is that, following a divorce,...
Questions and answers for how to select an executor
Estate planners may have many questions on their minds when they are setting up their estate and selecting an executor for their estate. It is helpful for them to have answers to those questions and to know how to go about selecting an executor for their estate....
Why estate planners need a power of attorney
Estate plans serve several different purposes and can include several different types of documents. Powers of attorney are important to include in an estate plan and estate planners should know why. Types of powers of attorney Power of attorney documents can help with...
An overview of trade secrets
Business owners may have many assets, including the building where the business operates, the money earned from the sale of their products or services and even the reputation they have in the community. It’s important for business owners to know that their trade...
What documents are important for a basic estate plan?
As people in the Austin area plan for their futures, there are many different actions that they take. One of the actions people should take is one that does not have to do with their future life, but instead with one of the few guarantees in life, which is their...
Is a partnership business structure right for you?
If you’re thinking about starting a business, then you have a lot of decisions ahead of you. While hiring and marketing might immediately come to mind, before you get to that point you’ll have to figure out what legal business structure will best position you for...