Blog


Feb

13

2020

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Estate Planning Is Not Just For Old People

Posted by: Adair M. Buckner

Tragedies like the death of Kobe Bryant, his 13-year-old daughter, the other young parents, and some of their children bring home the tragedy of thinking you are too young to do estate planning. Hopefully, these parents had done estate planning to protect the settlement of their estates for the loved ones left behind. So many times, however, that has not happened because the parents didn't believe they were old enough to think about this. Or, commonly, younger people believe estate planning is too expensive for them to take on at this stage in their lives. Neither of these things are true!

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Nov

7

2019

image for Don't Wait Until The Holidays To Do Your Estate Planning (That Might Be Too Late)

Don't Wait Until The Holidays To Do Your Estate Planning (That Might Be Too Late)

Posted by: Adair M. Buckner

The time of year is coming up for holiday travel and family gatherings. Holiday travel frequently causes clients to make a desperate last minute call to my office to make estate plans. If the call comes very close to the holiday travel date, it may not be possible to get the documents drafted in time. Attorneys like to take time off to enjoy the holidays too.

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Apr

11

2019

image for What Is The Legal Process To Divide An Estate If There Is No Will?

What Is The Legal Process To Divide An Estate If There Is No Will?

Posted by: Adair M. Buckner

Families frequently come to me needing to know how to figure out who gets what when a loved one dies without a will. Unfortunately, the answer is that they may be in for a lot of expense and time in a very complicated legal proceeding.

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Apr

16

2018

image for What Are Pre-Nuptial and Post-Nuptial Agreements And Why Would I Need One?

What Are Pre-Nuptial and Post-Nuptial Agreements And Why Would I Need One?

Posted by: Adair M. Buckner

A common misconception about prenuptial and postnuptial agreements is that they are only desired by wealthy, greedy individuals. Truthfully, many couples benefit from having such an agreement in place.

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Jan

30

2018

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What Is A Limited Partnership?

Posted by: Adair M. Buckner

A limited partnership is just another type of partnership. It is different from a general partnership because it has both general partners and limited partners. A limited partnership is also considered a distinct entity from its partners.

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Jan

30

2018

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What Is The Difference Between An LLP And An LLC?

Posted by: Adair M. Buckner

Although they have similar names, an LLP (limited liability partnership) and an LLC (limited liability company) are different types of business structures.

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Jan

25

2018

image for What Is A Subchapter-S Corporation (S-Corp) And Do I Need It?

What Is A Subchapter-S Corporation (S-Corp) And Do I Need It?

Posted by: Adair M. Buckner

Oftentimes, I have clients come to me asking for an S-Corp, not knowing what this really means. An S-Corp is not a different form of corporation, but rather a special tax treatment of one or more standard Texas corporations. The incorporation with the Texas Secretary of State actually has nothing to do with the S-Corp status.

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Jan

19

2018

image for Are Your Personal Assets Really Protected If You Incorporate?

Are Your Personal Assets Really Protected If You Incorporate?

Posted by: Adair M. Buckner

A primary reason for incorporation is to protect your personal assets from claims of creditors of the business. You want to be able to keep your personal assets if you cant pay the bills of the business, or have some other large liability claim against the business not covered by insurance.

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Jan

4

2018

image for What Is A Corporation And What Are The Benefits?

What Is A Corporation And What Are The Benefits?

Posted by: Adair M. Buckner

A corporation is a separate legal entity from its owners. A corporation can be owned by one person or many people. The corporation is formed under the laws of the state in which it is operating, with Articles of Incorporation or Certificate of Formation.

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Nov

2

2017

image for How Long Does The Probate Process Take? [Probate Q&A Video Series]

How Long Does The Probate Process Take? [Probate Q&A Video Series]

Posted by: Adair M. Buckner

How long does the probate process take? Well, it depends on a number of factors.

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