By Royce Lanning | Published June 7, 2019 | Posted in Probate | Leave a comment
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⟩ Part III – Probate: Identify the Most Efficient Probate Proceeding – Proceeding to Declare Heirs
In previous installments in this series we discussed that a dependent and independent administrations are generally used when the deceased person’s estate exceeds some minimal thresholds for size or complexity, such as owing unpaid debts. We also discussed that a muniment of title can be used as a quicker and comparatively simple process to transfer Read More
Read MoreJustice Court – In, Out & In Between – Part I
Justice court, formerly known as small claims court in Texas, is a low cost, simple and speedy litigation process for individuals and companies to pursue legal claims for monetary damages. Although the court only resolves small disputes, a party must still be aware of the ins and outs of litigating in justice court. Who can Read More
Read MoreRent-to-Own: Too Good to be True?
Texas lease-options, or “rent-to-own” contracts in layman’s terms, are often looked at as a simple solution to a common problem, but prospective tenants/buyers too often pursue lease-options without understanding what they are signing up for. In its simplest form, a lease-option is a standard lease of real property coupled with an option to purchase the Read More
Read MoreWait… Lawyers Do That?
Since the founding of the Strong Firm P.C. in 2004, we have prided ourselves on not only providing excellent legal services, but also playing a large role in our community. Every year I have the opportunity to speak to area students from first grade through college grad students on legal-related topics. Though the complexity varies Read More
Read MorePart II – Probate: Identify the Most Efficient Probate Proceeding – Muniment of Title
Texas law provides several options to transfer ownership of a deceased person’s (usually called a “decedent”) property. We previously discussed the difference between a dependent and an independent administration. The dependent and independent administrations are used when the deceased person’s estate exceeds some minimal thresholds for size or complexity, such as owing unpaid debts. Texas Read More
Read MoreBut You are My Attorney, not My Dentist…
Preventive maintenance for your entity from a legal perspective “An ounce of prevention is worth a pound of cure.” ‘De Legibus’ (c. 1240) by English Jurist Henry De Bracton Potential Client: “I have owned a limited liability company for several years. I haven’t had any issues, but someone is interested in investing in Read More
Read MoreDon’t Fall for This Chinese Trademark Scam
Don’t Fall for This Chinese Trademark Scam A trademark is any word, name or symbol used to identify and distinguish goods and services. For business owners, trademarks provide an easy way to build customer loyalty and communicate the quality and source of goods and services. Businesses often spend a great deal of time and money Read More
Read MoreTransferring a Business is a Team Effort
Transferring a Business is a Team Effort Thinking about buying or selling a business? It’s a big step in life, so let’s talk about surrounding yourself with the right help to make sure you make the best deal possible. A tempting path for some entrepreneurs is trying to handle the entire transaction themselves. The temptation Read More
Read MoreBut I Can Do it by Myself for Less…
When handling it yourself is not a good idea from a legal perspective “It’s unwise to pay too much, but it’s worse to pay too little. When you pay too much, you lose a little money — that is all. When you pay too little, you sometimes lose everything…” Common Law of Business Balance Read More
Read MoreFour Reasons to Fund Your Business Succession Plan
It is an incredible accomplishment for business owners to craft a business succession plan establishing the structure that will transition the business out of the hands of the current owner(s). However, even the best business succession plan will be considered a failure without a proper funding mechanism. The considerations in support of setting up Read More
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