A successor corporation is a new business that arises out of a prior existing one. It is important to keep in mind that taking over another business can leave the new business open to liabilities. It may be in your best inter...
Medicaid and its related programs provide medical coverage to approximately four million Texas residents. The basis of Medicaid is that the individual is of very low income. However, your Bryan probate attorneys will tell you that if the recipient h...
Happy Thanksgiving from the Peterson Law Group At the Peterson Law Group we have so much to be thankful for, including our amazing clients. Wishing you and your family a safe and happy Thanksgiving and holiday season! The Peterson Law Group
Living trusts and limited liability companies (LLCs) may not seem to share much in common, and therefore the notion of a living trust possessing membership in an LLC may not appear workable. However, as your Bryan business attorney will tell you, a livin...
Occasionally a governmental entity or private one given authorization by the government, may submit a condemnation notice for eminent domain use. Eminent domain is a power given to state and federal governments to take land for public use. At times there are ...
If you decide to incorporate your business, you will need to decide which type of corporation to select. Your Bryan business attorney can help you make this determination based on your corporate goals and needs.
The appointing of a legal guardian may become necessary under circumstances where the parents are either found unfit, request the appointment, or die. It is important to work with a College Station family attorney if you are seeking guardiansh...
If you run a corporation it is required that you have someone keep corporate minutes. These are a written record of all directors' and shareholders' meetings. Your College Station business attorneys will tell you that failure to maintain corporate minutes can le...
Pets and Inheritance Many people hold their pets in such high regard as to consider them a part of the family. If you have a pet that you want to ensure is provided for after your death, you cannot do so through a will. Kingwood estate lawyers can help you arrange a means of providing for...
A C corporation is that standard form of incorporation. Unlike an S corporation, profits are taxed at the corporate level, thereby relieving shareholders of personal liability. If you are creating C corporation it may be in your best interests to work with ...
Who Has Legal Standing to Contest a Will? You may feel that you have justification for contesting a will, but only in certain instances will you be legally entitled to do so. If you have questions about your legal standing in such a case, consult your Bryan estate attorney. Contesting ...
Testamentary Capacity and Medication Very often when a will contest is made, the issue of testamentary capacity is cited as the reason. Whether testamentary capacity is affected by a medication taken by the testator at the time the will was written can be difficult to prove, and you shoul...
The heirs of an estate are generally entitled to anything that is designated in the will for them. However, when the testator died in debt, bills may need to be paid before heirs receive anything from the estate. It is a good idea to work wi...
Heir of a Deed When a property owner dies, the will generally dictates who will inherit any real property. If you believe that you were a rightful heir but were excluded from the will, you will need to challenge the will in probate court. Proving that you are the heir of a deed in such a ...
When Not to Probate a Will While the probate process can be frustrating and lengthy, it is important that a will be probated properly. It is unusual for a will to not need probate, but it can happen. Your Bryan probate lawyer can discuss with you ways in which to accomplish this, if you f...
How to Set Up a Trust Fund A trust fund can help avoid probate and also give you greater control on how and when your assets will be distributed after you die. It is important that you work with Kingwood estate lawyers to ensure that you create a trust that is in accordance with Texas la...
Quitclaim deeds are a means by which property ownership rights can be conveyed. However, they are not highly regarded and are rarely used because of their limited effectiveness. If you wish to quitclaim a jointly owned property, consult your Col...
The matter of contesting wills is rather complicated, and depends upon a number of factors. The statute of limitations in Texas varies with the nature of the will contest. Your Bryan probate attorneys can help you if you are having a difficult time ...
In Texas it is possible for an executor to live out of state, but this makes for a process that can be very complicated. You may wish to consider someone living in the state to assume the role, but if you are insistent that the out-of-state individual ...
Probate can be a lengthy and complicated process. In some cases it may take over a year to completely probate an estate. It is important that you work closely with a College Station probate attorney if you need ancillary probate.
Starting a small business requires the investment of time, resources, and determination. Most small businesses fail within the first few years of operation. This does not need to be the fate of your company, but it is important that you work wi...
Removal of a Successor Trustee A successor trustee is an individual or entity who replaces the original named trustee, generally through death or incapacitation. Removing a successor trustee can be a complicated process when an irrevocable trust is involved and no such provision is so ins...
Can the Executor of a Will also Be a Beneficiary? As you and your Kingwood estate planning attorney prepare your will, you will no doubt face many decisions. Whom you name as the executor of your estate is one that is particularly important, given the responsibility that individual will c...
Are Video Wills Legal? As technology progresses, options for new ways of handling legal matters are developing. Video has become so easily created that the issue of video wills was inevitable. However, Texas courts do not currently consider video wills as legal wills by themselves. If you...
Who Can Serve as Executor of an Estate? When you create your will, one of the more important considerations is who will serve as executor of your estate. Texas imposes restrictions on who can serve in this capacity. Moreover, it is important that you name an alternate in case the first pe...