By The Strong Firm P.C. | Published March 28, 2018 | Posted in Estate Planning, Uncategorized | Leave a comment
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Part I – Probate: Identify the most efficient probate proceeding
Probate is the process of applying to a court for authority to transfer a decedent’s property. When the court stays involved throughout the administration of a probate (i.e. through the whole process) then the probate process is long, complex and expensive. However, Texas has aggressively sought to create a number of more efficient (i.e. quicker Read More
Read MoreCotenancy: Unique Relationship of Co-Ownership
There are many situations where attorneys must address a client’s co-ownership issues. The basis of a cotenancy relationship is each owner’s (non-exclusive) right to use, occupy and possess each part of the property. Cotenants may not exclude other cotenant owners from possessing, using or occupying the same part or parcel. Texas law recognizes three forms Read More
Read MoreBusiness Bankruptcy Basics
A rise or fall in the economy. An adverse legal judgment. Unexpected bills or lack of payments from business partners. A natural disaster. Small businesses face financial blows like these all the time and end up asking the same question: Should my small business consider filing bankruptcy? Bankruptcy is a legal process for individuals and Read More
Read MoreTrademark Basics: Part I- What is a Trademark?
A lot goes into building a business—from nurturing an idea and developing a business plan, to raising capital and agonizing over what to call your fledgling endeavor – each piece is a vital part of the overall structure. Your business name and branding are the face of your company, and crucial to its success. The Read More
Read MoreEstate Planning for Life Part III – Directive and DNR
When most people think of estate planning they typically think wills, trusts and death. However, the actuality is that one of the major focuses of good estate planning is for incapacity during a client’s lifetime. In the previous Part I of this series, I outlined the purpose and benefits of a Financial Power of Attorney. Read More
Read MoreEstate Planning for Life Part I – Financial Power of Attorney
When most people think of estate planning they typically think wills, trusts and death. However, the actuality is that one of the major focuses of good estate planning is for incapacity during a client’s lifetime. I take a very educational approach to my consultations and I am always pleased when we reach the end of Read More
Read MoreWhat’s Good for the Goose…Part 4d
The Market Approach of Valuing a Business for Sale In Part 4d of our series “The Components of a Business Purchase and Sale from the Buyer’s and Seller’s Perspective” we will examine the “Market Valuation” approach as the third and final valuation method for buying a business. The two other valuation methods, the income valuation Read More
Read MoreRealistic Expectations in Litigation
In Litigation, Realistic Expectations are Crucial As a litigator, every client I meet asks me at some point during the case whether he or she is going to “win.” While reasonable, this question is difficult to answer, particularly when a client appears to have the facts or the law substantially on his side. If a Read More
Read MoreTips For Choosing an Executor
You have likely put a significant amount of time, effort and money into planning your estate, don’t throw it all away by picking the wrong executor. Ideally, your executor will administer your estate honestly, efficiently and in the best interest of your beneficiaries. Bad executors have the potential to waste your estate’s funds, destroy family Read More
Read MoreWhat’s Good for the Goose…Part 4c – The Income Approach of Valuing a Business for Sale
Part 4c – The Income Approach of Valuing a Business for Sale In Part 4c of our series “The Components of a Business Purchase and Sale from the Buyer’s and Seller’s Perspective” we will look at the “Income Valuation” approach as the second of three valuation methods for buying a business to be reviewed in Read More
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