Blog


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

4

2019

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Should I Incorporate?

Posted by: Adair M. Buckner

Three key factors that go into making the decision of whether to incorporate or not are; Liability Protection For Personal Assets, Income Tax Pros & Cons, Business Management Pros & Cons.

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Dec

20

2018

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Why You Should Start Estate Planning In Your 20's

Posted by: Adair M. Buckner

Estate planning isn't just for rich or older individuals. Even young, asset-poor 20-somethings should start thinking about how their property will be distributed in the event of a tragedy. Drawing up an estate plan is not as much an action you need to take for yourself, but one you should take for your loved ones.

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Sep

27

2018

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Worried About A Loved One's Ability To Take Care Of Their Own Affairs?

Posted by: Adair M. Buckner

Hopefully, you recognize the issue before its too late to pre-plan. The time to seriously review all of a loved one's financial and estate planning affairs is in the early stages of Dementia or Alzheimer's. Progression of the degree of incapacity varies from person to person. Obviously, a visit to a physician for a diagnosis and treatment plan should be your first priority. Then a visit to an attorney should be next.

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Sep

17

2018

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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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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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