The probate process in Texas is often long and complicated. It can involve many steps, most of which are unfamiliar to the average person. One of the most important steps in the process is the free and voluntary act. This step is so important that it has its own section in the Texas Estates Code.…
TX-LW Blogs
About the Monetized Installment Sale
The monetized installment sale is a tax strategy that allows a party to sell an appreciated asset while deferring capital gains tax for an extended period of time and receiving a significant portion of the sale proceeds in cash. The strategy involves the use of an installment sale and a monetization loan, which allows the……
Tax on Employer-Provided Lodging
Did you know that as an employee, you may be able to exclude the value of lodging provided by your employer from your income taxes? According to Sec. 119 of the Internal Revenue Code, there are certain conditions that must be met in order for an employee to exclude employer-provided housing costs from their income.……
3 Things to Know About a Small Estate Affidavit
A Texas Small Estate Affidavit is a legal document used to help heirs of an estate receive the property of someone who has passed away without having to go through the traditional probate process. It’s specifically designed for estates with a value of less than $75,000. If you’re dealing with a small estate in Texas,…
The Interplay of Buy-Sell & Non-Compete Terms
The intent of drafting business agreements is often to avoid disputes. One cannot always anticipate every type of dispute that can arise. This is where experience comes in, as some disputes are recurring and can be avoided. A buy-sell agreement that is not coordinated with the terms of a non-compete agreement is an example. This……
Top 5 Things to Look for in a Texas Probate Attorney
When it comes to selecting a Texas probate attorney, there are many things to consider. Probate is the legal process of administering an estate after someone passes away and involves complex and detailed work. You need an attorney who understands your needs, is knowledgeable about Texas law and has the experience necessary to handle your…
How to prove an equitable adoption took place in Texas?
Adopting a child is a life-altering experience, and it’s no different in Texas. But the Lone Star State has some unique laws when it comes to adoption that you should be aware of if you’re planning on going through with the process. In this blog post, we’ll discuss one of those laws in particular: how…
5 Things to Include in Your Texas Will
So, you want to plan for the future with a Texas will? Whether you’re drafting a new one or updating an existing one, there are certain things you should know and make sure to include. Without further ado, let us discuss five of the most important factors to include in your Texas will. From how…
10 Common Questions About the Texas Probate Process
The probate process in Texas can be extremely daunting and confusing if you are unfamiliar with it. With all the legal paperwork and court proceedings, it’s easy to get lost in the shuffle. In this article, we aim to answer some of the most common questions about the Texas probate process to give those who…