Blog


Dec

6

2024

image for Starting A Business? Find Out Which Entity Type Is Best For You

Starting A Business? Find Out Which Entity Type Is Best For You

Posted by: Adair M. Buckner

If you are considering starting a small business, you're most likely trying to sort out the different types of businesses and trying to decide which type is best for you. There are 6 entity types in Texas: sole proprietorships, corporations, s-corporations, limited liability companies, professional corporations, and partnerships. The right type for your situation will depend on your taxes, liability, and ability to control the profits and losses of the business.

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Dec

3

2024

image for The Difference Between Statutory Transfer On Death Deed & Lady Bird Deed

The Difference Between Statutory Transfer On Death Deed & Lady Bird Deed

Posted by: Adair M. Buckner

Two terms are used in the state of Texas to describe a deed that automatically transfers title to real estate you own on your death a transfer on death deed and a Lady Bird Deed. The distinction between these two deeds is subtle, but very important. A transfer on death deed requires all beneficiaries to agree to changes made to your estate, even while you're still alive. A Lady Bird Deed gives you the freedom to make changes without the beneficiaries consent. However, it must be drawn up in a specific way to be considered valid in the state of Texas.

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Nov

28

2024

image for Holiday Travel: Why Parents Of Young Children Need Wills

Holiday Travel: Why Parents Of Young Children Need Wills

Posted by: Adair M. Buckner

Most young parents don't want to even think about the possibility of death and see no need for estate planning. However, if a tragedy struck and both parents of minor children were killed, the situation left for their loved ones to deal with is extremely complicated, expensive, and emotional.

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Nov

19

2024

image for Probate Process In Texas Is Not That Scary: The 6 Steps Of Texas Probate

Probate Process In Texas Is Not That Scary: The 6 Steps Of Texas Probate

Posted by: Adair M. Buckner

The thought of having to do a probate for a deceased loved one is often scary. Although the legal process can appear complicated, an experienced probate attorney can comfortably guide you through the process. There are 6 steps you will need to follow, including filing the Will, attending a hearing, sending a notice to creditors, and distributing your loved one's Assets according to the terms of the Will.

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Nov

14

2024

image for 4 Estate Planning Questions To Ask Your Loved Ones Over The Holidays

4 Estate Planning Questions To Ask Your Loved Ones Over The Holidays

Posted by: Adair M. Buckner

The holidays are a perfect time, while family and friends are gathered together (safely distanced, of course), to discuss whether your loved ones' estate planning and related legal matters are in order. It is an emotional subject to approach, but it is much better to be brave and tackle the subject than to avoid the discussion. Later regrets that plans which should have been made were not, will leave you with an even harder situation to deal with.

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Nov

6

2024

image for Quick Response To Concerns About Issues With An Impaired Senior: Look At A Temporary Guardianship

Quick Response To Concerns About Issues With An Impaired Senior: Look At A Temporary Guardianship

Posted by: Adair M. Buckner

A temporary guardianship gives the guardian the immediate legal right to make choices about things like health care, education, finances, and living arrangements of the Ward–but only as long as is needed for the protection of the Ward. For this process, you will need to provide substantial evidence proving that 1) the proposed Ward is incapacitated, and 2) the Ward needs a guardian immediately to care for their person, estate, or both.

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Oct

24

2024

image for What Is A Small Estate Affidavit Proceeding And What Does It Cost?

What Is A Small Estate Affidavit Proceeding And What Does It Cost?

Posted by: Adair M. Buckner

In this series of blogs, I am outlining various different types of probates or probate alternatives to settle an estate and their likely costs. As I mentioned in the introduction to this series, the cost is predominantly determined by the type of procedure followed.

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Oct

24

2024

image for The Cost Of A General Affidavit Of Heirship In Texas

The Cost Of A General Affidavit Of Heirship In Texas

Posted by: Adair M. Buckner

In this series of blogs, I am outlining various types of probates or probate alternatives to settle an estate and their likely costs. As I mentioned in the introduction to this series, the cost is predominantly determined by the type of procedure followed.

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Oct

24

2024

image for The Average Cost Of A Determination Of Heirship Proceeding In Texas

The Average Cost Of A Determination Of Heirship Proceeding In Texas

Posted by: Adair M. Buckner

In some situations where a loved one passes away without a Will, you may need a determination of heirship in order to pass on their estate. If you find yourself in this situation, make sure you have an experienced attorney to guide you through the steps involved. Otherwise, it is easy to feel overwhelmed by the process.

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Oct

18

2024

image for How Much Does It Cost To Set Up A Guardianship?

How Much Does It Cost To Set Up A Guardianship?

Posted by: Adair M. Buckner

Guardianships are complicated and time-consuming. Unfortunately, they can also be expensive. The cost of guardianship will depend on the type, labor involved, and the specific situation of the ward.

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