If there is one piece of advice I could give everyone, it would be get it in writing. Leasing agreements can be beneficial to both landowners and tenants alike. For a landowner, a lease agreement may allow continued revenue without his or her physical labor needed to operate a farm or ranch. A hunting lease …
JUST VOTE The information in this column is not intended as legal advice but to provide a general understanding of the law. Any readers with a legal problem, including those whose questions are addressed here, should consult an attorney for advice on their particular circumstances. Another primary is upon us. A couple of years ago …
Many clients have asked me how to insure that a bank account or investment account passes to a particular person (spouse or child) without having to wait until a Will is probated. First, I would like to remind you that the amount of time its takes to probate an estate in Texas depends to a great extent on the type …
Continue reading “Joint Accounts with Right of Survivorship”
Can I first just say, “WHEW!” I am glad I am not still in law school. The Rule Against Perpetuities was one of those subjects the law school professor loved to “hide the ball” with us on. That is to say, confuse us to the point our heads hurt. The rule Against Perpetuities is a …
We all procrastinate. However, when it comes to estate planning, and particularly drafting a Will, it seems to get worse. Many couples think they are too young to need a Will or any kind of estate planning. But, as I have discussed in earlier columns and this is driven home to me every …
We Americans relish our freedoms. We want to live how we like, spend our hard-earned money on what we want and carry automatic rifles if we so desire. And we resist when the government tries to interfere with our lives. However, less than half of all Americans have even the most basic estate planning documents. …
There are a number of steps for a landowner to consider in order to protect himself or herself from liability. Importantly, there is no magic solution that will ensure a landowner will never be liable for injury. Further, there is nothing a landowner can do to prevent a person from filing suit against the landowner.
A common concern for any Texas landowner is when they may be held liable if someone is injured on their property. Landowners often ask, “What can I do to protect myself in the event this occurs?” It is important for landowners to understand the duty the law imposes on them for each person entering their land. Additionally, there are a number of steps landowners can take in order to protect themselves and their operations from liability. This week I will deal with a look at the most common legal claims.
Crazy question What do you own? The starting point for any Texas landowner in considering the legal issues he or she may face is to consider what the landowner actually owns. This week’s column will address some of the aspects of ownership. When land is acquired, through purchase or otherwise, a good starting point for …
As we watch the Houston Astros approach the end of the regular season, folks in Washington D.C. are talking about two significant changes that could affect us all. Senator Bernie Sanders has sponsored the 99.5 Percent Act (99.5% Act) and the Biden Administration is working on the Sensible Taxation and Equity Promotion (STEP) Act. While …
Continue reading “Don’t Look Now, but its Estate Tax May be Changing”
