The Texas Probate Showdown: A Tale of Wills, Assets, and Estate Distribution

We tried to imagine how the late American novelist, Tom Wolfe, would describe the sometimes dry topic of Texas Probate Law. Let us know how we did. The Grand Texas Probate Drama Ah, probate – the grand Texas drama that unfolds when a dear soul departs this earthly plane. It’s the process of settling a…

Published

Co-Guardianship in Texas Probate Law

When a loved one is struggling with a serious medical condition such as dementia, it can be difficult to manage their affairs and make decisions on their behalf. In these cases, seeking legal guardianship can be a valuable solution. In Texas, it is possible for multiple individuals to be named co-guardians. In this article, we…

Published

Tax Implications of Debt vs. Equity in Related Entities

Investors who engage in successful ventures often also invest in less successful ones. In some cases, one venture ends up funding another. When a taxpayer operates through multiple legal entities, this can lead to numerous complexities. For example, “due to” and “due from” intercompany transactions raise questions, even if they do not involve international transfers.……

Published

Estate Tax Return Requirements

The passing of a loved one can be a difficult time, and the responsibilities of being an executor of their estate can add additional stress. In Texas, if you have been named as the executor of a deceased person’s estate, it is important to understand the legal requirements, including the potential requirement to file a…

Published