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What Is Liability?

Posted by Chris Peterson | Aug 23, 2014 | 0 Comments

Liability as it relates to businesses is a serious matter. A negligence lawsuit can break a company, so it is important that business owners take measures to limit their exposure. A College Station business litigation attorney can work with you to make sure that you d...

Testamentary Trust Uses

Posted by Chris Peterson | Aug 22, 2014 | 0 Comments

A testamentary trust is used to manage assets of an estate after the death of the settlor. This type of trust has very specific uses, and may be an instrument to consider as you plan your estate. A Trust Attorney in Conroe can help you determine whether a testamentary ...

Do Miller Trusts Protect Assets?

Posted by Chris Peterson | Aug 20, 2014 | 0 Comments

Do Miller Trusts Protect Assets? Few people today can afford the high cost of nursing home care, which can run in excess of $90,000 per year. It takes planning to find ways to pay such costs. Medicaid will only help individuals who make below a certain threshold income. A Miller Trust can...

What Is an S Corporation?

Posted by Chris Peterson | Aug 19, 2014 | 0 Comments

If you are starting a business but aren't sure what sort of entity to create, you may wish to consider becoming an S corporation. These companies enjoy certain distinct tax advantages, while retaining much of the same structure and operation as a “regular” C co...

How Much Is Estate Tax?

Posted by Chris Peterson | Aug 17, 2014 | 0 Comments

How Much Is Estate Tax? Your estate will be subject to federal estate tax if your assets are greater than the minimum allowable at the year of your death. Estate taxes can eat away at the amount that you leave your beneficiaries—as much as one-third to one-half of the estate! A College St...

What Is a Property Deed?

Posted by Chris Peterson | Aug 16, 2014 | 0 Comments

A deed is a legal instrument whose purpose is the transfer of real property rights from one person or company to another. Deeds are among the most basic but important areas of real estate law, and an area which often brings much contention. If you are involved i...

How to Pay for a Nursing Home

Posted by Chris Peterson | Aug 15, 2014 | 0 Comments

With skyrocketing medical care costs it is no wonder that the cost of nursing home care has followed suit. The cost of a year in a nursing home can be as high as $90,000, or even more, according to MetLife Insurance. A Bryan elder law attorney can help you ...

Is a Handwritten Will Valid in Texas

Posted by Chris Peterson | Aug 14, 2014 | 0 Comments

A handwritten will, known as a holographic will in legal terms, is just as valid as any other type of will, provided certain requirements are met. Though a holographic will indicates by its nature that the testator (the deceased person) did not seek...

What Is a Probate Attorney?

Posted by Chris Peterson | Aug 13, 2014 | 0 Comments

Probate is the process through which the instructions of a will are carried out. If a will does not exist, then the decedent is considered to have died intestate, which means that the probate court will need to make a determination as to the distribution of a...

Living Trust Beneficiaries

Posted by Chris Peterson | Aug 12, 2014 | 0 Comments

A common estate planning question involves trusts and who can be named as beneficiaries. A living trust, also referred to as an inter vivos trust, differs from others in that it can be modified, or even done away with while the settlor is alive. If you are consi...

What Is Elder Abuse?

Posted by Chris Peterson | Aug 11, 2014 | 0 Comments

What Is Elder Abuse? Elder abuse is a growing problem in this country. Part of the reason for this is that the population of seniors is higher than ever before. The baby boomer generation is rapidly entering retirement age, and medical advances are allowing people to live longer. One ofte...

How to Form a Trust

Posted by Chris Peterson | Aug 09, 2014 | 0 Comments

How to Form a Trust Trusts are set up for a number of purposes, and there are different types of trusts designed for each. Generally speaking, though, a trust is established to manage assets for another for a certain duration. Because the rules can be somewhat complex for establishing tru...

What Is a Warranty Deed?

Posted by Chris Peterson | Aug 07, 2014 | 0 Comments

A warranty deed is a necessary instrument in real estate transactions. It transfers title and guarantees that the title to real property is clear of claims and liens. If you need assistance with a real estate transaction, a College Station Real Estate Attorney c...

How Do I Get Medicaid?

Posted by Chris Peterson | Aug 06, 2014 | 0 Comments

Medicaid is a health coverage program for individuals or families who fall into a category of need. Having Medicaid means that you do not have to sign up for a program under the Affordable Care Act provided that your coverage continues. If you need information on ...

What Is a Business Franchise?

Posted by Chris Peterson | Aug 05, 2014 | 0 Comments

With the development of multiple branch business outlets, business franchising has become very popular. Successfully undertaken, business franchising can greatly benefit the parent company as well as the franchisee. However, the franchise model differs from...

What Is Commercial Law?

Posted by Chris Peterson | Aug 03, 2014 | 0 Comments

The world of business and commerce is more complex than ever before. The Internet, favorable treaties, and other matters have globalized business in a way that would never have been dreamed of previously. In consequence, commercial law has become ever more compli...

What Is MERP?

Posted by Chris Peterson | Jul 31, 2014 | 0 Comments

MERP, or the Texas Medicaid Estate Recovery Program, is designed to allow the state to recover Medicaid costs from a recipient's long-term care services. The program, passed into law in 2005, is compliant with federal law which outlines the criteria under which costs can b...

Where is a safe place to keep my will?

Posted by Chris Peterson | Jul 30, 2014 | 0 Comments

Now that you have prepared for the inevitable disposition of your assets by creating a will, you can enjoy the peace of mind that comes with having a plan. The next question is where to keep your will. A fire-proof box at home works great to pr...

What Is a Blind Trust?

Posted by Chris Peterson | Jul 30, 2014 | 0 Comments

What Is a Blind Trust? A blind trust is one in which the trustor, or creator of the trust, has no knowledge of aspects of how the assets in the trust are managed. As should be clear, a blind trust has limited use, but for certain individuals it is suitable. A trust lawyer in College Stati...

Understanding Probate in Texas

Posted by Chris Peterson | Jul 28, 2014 | 0 Comments

When someone in Texas dies owning property, the probate process works to transfer ownership of the property to the person's surviving heirs and pay claims against the estate. After claims have been paid, if the deceased person left a valid will, the proper...

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