Blog


Sep

17

2018

image for How Do I Avoid Needing a Guardianship?

How Do I Avoid Needing a Guardianship?

Posted by: Adair M. Buckner

Pre-planning is necessary to avoid needing a guardianship. People live much longer these days, and Dementia and Alzheimers are a common issue families face with loved ones or themselves. Pre-planning to deal with incapacity is very smart.

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May

16

2018

image for Avoid Probate: 3 Easy Estate Planning Tools

Avoid Probate: 3 Easy Estate Planning Tools

Posted by: Adair M. Buckner

Here are three simple tools that help you pass on assets at death without the necessity of probate, saving all parties money, time, and stress.

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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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Feb

13

2018

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5 Times You May Need An Attorney To Help You Buy Or Sell A Home

Posted by: Adair M. Buckner

If you are in the market to purchase a home, you probably already know you should start shopping for a real estate agent and mortgage lender. But, do you also need a lawyer?

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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

12

2018

image for What Is A Sole Proprietorship?

What Is A Sole Proprietorship?

Posted by: Adair M. Buckner

A sole proprietorship is a business operated by one individual (or a couple). The business is considered an extension of the individual (or couple), not a separate entity. The business profits and losses are included on the individual's personal tax return, and the individual retains personal liability for the business debts and lawsuits.

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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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