Stevens & Malone, PLLC Legal Blog
You’re selling your business, now what?
You’re selling your business, now what? You’ve made the decision to sell your business, whether it’s a shop that has anchored your family for years or a small operation you’ve grown from scratch, and now you are staring at that uncertain middle ground between “I’m...
What does ‘tangled title’ mean?
You may hear the term “tangled title” in the context of real estate transactions and wonder what it means. Title is an official record showing who owns a property. When you purchase real estate, you will receive a document showing that you own the property. This is...
Are there different types of probate?
Probate in Texas is the legal process of managing a deceased person’s assets and debts. The probate process can sometimes be complex and involve significant time investment. Managing an estate through probate is according to the terms of a will. In situations where...
Drafting an LLC operating agreement
You may choose a limited liability company (LLC) as your business structure. If you decide to set up an LLC, you must draft an LLC operating agreement. An LLC operating agreement is a written contract between all LLC members. The operating agreement includes detailed...
Choosing the right executor for your estate
There are many decisions to make when you are setting up an estate plan. One of the most important decisions is who to choose as your estate executor. What is an executor? An executor is a person who manages and administers your estate after you pass away. It is a...
How to use business formation to avoid partnership disputes
You have multiple options when it comes to choosing a structure for your business. Although that structure may seem like a minor piece in the operations of your business endeavor, it can actually play a crucial role in how your business is run and the amount of income...
Four key points in commercial real estate due diligence
Choosing to buy commercial real estate is a major decision. It’s a business action that could prove lucrative, but it’s also risky. If you don’t buy the right property, or if you buy it at the wrong time, then you could end up locked into a purchase agreement that...
Tips for closing on a ranch purchase
Purchasing or selling real estate is a major financial transaction for everyone involved. If the piece of real estate is a type you have never purchased or sold before, such as a ranch, it is best to know what to expect to decrease the chance of complications....
Don’t make these four estate planning mistakes
Creating a thorough estate plan can give you peace of mind, protecting your assets while ensuring that your loved ones are taken care of in a way that you want. Yet, the estate planning process isn’t as easy as some would have you believe. Sure, you can pass your...
What expenses can be covered by a special needs trust?
If you have a loved one with extensive medical needs, then you’re probably worried about how they’re going to get by when you’re no longer around to support them. While you might be able to alleviate some of your concerns by leaving assets to your loved one through...