Blog


May

7

2020

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When Is A Living Trust A Good Estate Planning Tool?

Posted by: Adair M. Buckner

The term Living Trust has become a buzz word for people looking at estate planning information online or in other resources. Some of those sources of information simply may be a marketing tool to drum up business, without analyzing whether the expense involved in setting up a living trust is really justified for the individual.

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Apr

16

2020

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What Do I Have To Do To Foreclose On A Deadbeat Borrower?

Posted by: Adair M. Buckner

You are carrying the note on the sale of a property, and the borrower has missed several payments, has failed to provide proof of insurance, or has not paid the property taxes. If your efforts to get them to comply have been unsuccessful, it may be time to foreclose on the property.

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Apr

9

2020

image for What Is A Muniment Of Title Probate, And When Is It Appropriate?

What Is A Muniment Of Title Probate, And When Is It Appropriate?

Posted by: Adair M. Buckner

Texas law provides for a shortened, less complicated, less expensive form of probate in specific circumstances called probate as a muniment of title. This funny-sounding procedure really means that your loved ones will is officially recognized as valid by the probate court and placed of public record as notice to third parties to honor the terms of the will for transfer of property. This is a very simple process compared to a full, regular probate.

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Apr

2

2020

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What Is The Cost Of A Simple Estate Planning Package

Posted by: Adair M. Buckner

People frequently delay drawing up a will or other pieces of an estate plan because of concern for the cost. However, the cost of preparing a simple estate plan package is very reasonable. Compared to the expense to handle your estate without a will or other estate planning documents, it is a bargain.

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Mar

26

2020

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Important Breaking Information On How The Coronavirus Is Affecting The Workplace

Posted by: Adair M. Buckner

This is a very uncertain time for employers in Texas. One of the key issues employers are facing is how to pay employees who cannot work because they have the coronavirus, have to self-quarantine, have been ordered to shelter in place, or have children at home because school and daycare have been suspended. Guidance on these issues is coming forth daily.

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Mar

19

2020

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Why You Need A Living Will And Medical Power Of Attorney

Posted by: Adair M. Buckner

If you have ever gone through a hospital admissions process, you've likely been asked if you have a living will (also known as a directive to physicians) and a medical power of attorney. If you answer no, they may let it slide and not require you to produce one. Or, they may give you a pre-printed form to fill out. This may suffice for an emergency situation, but having an attorney review what you need for a living will and medical power of attorney is still preferable. The medical power of attorney is needed for many healthcare treatment providers. You may still be asking yourself, What are a living will and medical power of attorney? And why would I need them?

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Mar

12

2020

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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.

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Feb

27

2020

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How Much Does It Cost To Set Up A Trust?

Posted by: Adair M. Buckner

A revocable trust is one that can be completely or partially revoked either during the lifetime of the person creating the trust or afterward. An irrevocable trust means just that: it cannot be revoked.

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Feb

13

2020

image for Youre Not Too Young To Start The Estate Planning Process

Youre Not Too Young To Start The Estate Planning Process

Posted by: Adair M. Buckner

Tragedies like the recent 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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Jan

29

2020

image for Should You Consult An Attorney Before Signing A Real Estate Contract

Should You Consult An Attorney Before Signing A Real Estate Contract

Posted by: Adair M. Buckner

The price you pay for this advice before signing a contract can easily save you many thousands of dollars and lots of headaches and trouble in the future. A review of a standard residential purchase contract generally would not be more than a few hundred dollars. More complicated contracts, of course, would cost more to review or draft, but the cost would still be far less than any negotiation or litigation later to address problems that arise.

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