Posted on: July 19, 2022
Member-managed vs. manager-managed llcs: what's the difference? When I help clients set up their business, one of the most significant decisions they will make is which type of entity to form. If they have settled on starting a limited liability company (LLC), they must also choose the type of management structure it will have. As […]
Read More
Posted on: July 14, 2022
the powers in your financial power of attorney In a financial power of attorney, you designate a trusted decision-maker (agent or attorney-in-fact) to act on your behalf if you become disabled or unable to manage your financial affairs. Depending on the provisions you choose to include, your agent may have the power to buy and […]
Read More
Posted on: July 12, 2022
declare your independence and control over your future! Every July, the French and Americans celebrate their independence from royal tyranny. On July 14th, the French celebrate and reflect on the values of the revolution: Liberté, égalité, fraternité. Arguably, without the French alliance, America's separation from Britain would have been less plausible. Every year on the […]
Read More
Posted on: July 7, 2022
how to Make sure that vacation property endures as a source of warm memories According to the National Association of Home Builders, in 2018, there were approximately 7.5 million second homes. That means up to 5.5 percent of the total number of homes are vacation properties.[1] These homes are not only real estate that you […]
Read More
Posted on: July 5, 2022
Without a plan, you're planning to fail Benjamin Franklin famously quipped, “If you fail to plan, you are planning to fail.” Without business succession planning, you're putting your legacy at risk. As an Austin estate planning attorney, I have seen the value of comprehensive business succession planning in preserving family wealth. Unfortunately, I have also […]
Read More
Posted on: June 16, 2022
Wait, will I be responsible for my deceased spouse's debt? A spouse's death creates a difficult and demanding time for the surviving partner. As much as you want space and time alone to process your grief, you may have specific responsibilities related to settling your deceased spouse's affairs. This could include paying off your deceased […]
Read More
Posted on: June 14, 2022
Considerations Before Owning A Business With Your Spouse Running a successful business and having a successful marriage requires commitment and hard work. Many married couples find operating a business together challenging. But mutual devotion as spouses and business partners can bring higher levels of accountability and trust to the business. If you and your spouse […]
Read More
Posted on: June 9, 2022
Can A Trust Own My Business After I Die? Your trust can own your business after you die. Trust ownership of a business can avoid probate and maintain management continuity after an owner's passing. However, several considerations may impact the answer to this and the following questions. One consideration is the type of business interest […]
Read More
Posted on: June 7, 2022
Don't have a lot of money? You can still leave a meaningful legacy The word “inheritance” usually conjures up images of property or accounts with significant monetary value. Without such wealth, you nevertheless, can leave your family a great legacy. You can provide them with an even longer-lasting inheritance by doing these seven things. Whether […]
Read More
