Payable on Death Beneficiaries

Couple -payable-on-death beneficiiary

People often ask if there is a way to lessen the burden and time commitment for loved ones after they are gone. The short answer is yes. When a loved one dies, the family is immediately left to cover any outstanding debts, funeral costs, and attorney’s fees. With advanced planning, some of these expenses are easily relieved.

Estate Planning: Powers of Attorney

Last Will and Testament Documents

Estate Planning is a vital part of life everyone must consider – not just the “rich” or the “elderly,” as many assume. Estate Planning is not just about planning for death or how assets will be distributed, but includes planning for life’s emergencies, such as illness or incapacity. If you are in a car accident, […]

The New 80/20 Rule for Tipped Employees

On December 28, 2021, a new rule affecting tipped employees goes into effect. Tipped employees under the Fair Labor Standards Act (Fl.SA) are defined as (1) non-exempt, (2) customarily and regularly receive more than $30.00 a month in tips, and (3) the employer is allowed to credit a portion of their minimum wage obligation against […]

Don’t Get Sued: 7 Tips to Protect Your Texas Construction Business

According to the Bureau of Labor Statistics, over 100,000 construction-related accidents occur in the United States each year. Of those thousands of accidents, many construction businesses run the high risk of being sued as a result. Even if the construction business is found not to be at fault, lawsuits involve a significant amount of time […]

Choosing the Right Business Structure: 4 Factors to Consider

Starting a business can be an intimidating process especially, navigating the legal process of making your business official. When starting a business, several factors must be considered. One of the most important choices is deciding what structure best suits your business. When taking the leap and starting a business, contact an experienced attorney to help. […]

The Danger of Using Generic Forms for Businesses Buying Property

The initial process of starting a business can be daunting. Even with the availability of the internet, navigating the various documents, forms, and applications involved in purchasing property for your new business is not easy. Make sure your new business is set up for success. While generic forms are readily available online, utilizing the expertise […]

The Probate Process: 5 Steps to Take After a Loved One Passes Away

Losing a loved one is one of the most difficult and emotional experiences a person can have in life. Even further, this extremely difficult situation often requires handling a deceased loved one’s estate. It can be overwhelming to take on such a responsibility while grieving the loss of a loved one. This is where an […]

How an Asset Protection Lawyer Can Help You Prepare for the Unexpected

Asset protection planning is a key process of retirement and estate planning for individuals wanting to protect their personal assets and those associated with their businesses. Asset protection involves preserving and protecting assets from seizures by creditors. It is impossible to prepare for unavoidable or unexpected liabilities that may come about after retirement.  It is […]

Planning for the End

I am often asked “Is it pessimistic to plan for the end of my business when it is just starting?”  The simple answer is No.  The failure to plan for the future generally leads to a more costly termination or a lower sales price when the time comes to end the business.  A new business […]