Before signing a contract, read through it carefully. Have an attorney review the contract. Make certain that you know what obligations are stated and/or implied. If you are uncertain as to your duties and you sign the contract, you may be liable for a future unintentional breach of the contract. Contract negotiations, especially in the [...]
A deed is a legal instrument that transfers a property right in real estate. The most common types of property deeds are as follows: Quitclaim Deed Warranty Deed -Special Warranty Deed – with or without retained Vendor’s Lien -General Warranty Deed Deed Without Warranty Other real estate documents discussed herein include: Deed of Trust Real [...]
When your loved one dies without a will, the Texas probate process can be expensive and frustrating. Absent a will, an individual must have his or her estate distributed per the laws of Intestate Succession. Intestacy is the process by which the Texas probate code will determine which assets go to whom. If your mother [...]
Now is the time to review your 2024 Holiday Visitation Schedule with your children. Here is a reminder of the current Texas Family Law Code’s Standard Possession Order for the 2024 Holidays. Texas 2023 Family Law Code’s Standard Visitation Guidelines for Thanksgiving: The possessory conservator or non-primary conservator shall have possession of the child in [...]
A Director of a Corporation has specific fiduciary duties that precludes activities that might endanger the Corporation. The certificate of formation may limit or eliminate personal liability of Directors in certain respects such as money damages but there are some concrete fiduciary duties that cannot be dispensed with such as: Breach the duty of loyalty; [...]
Effective September 1, 2019 The Texas Child Support Division of the Attorney General increased the Maximum child Support under the Texas Child Support Guidelines from $8,550 to the “new cap”of net monthly resources to $9200 annually. This change in the law will increase the amount of maximum child support from of $1,710.00 to $1,840.00 monthly [...]
A For Profit Corporation can be a useful tool if utilized appropriately. One major problem with a For Profit Corporation is the lack of flexibility to dissolve the Corporation when a disagreement arises between the equity shareholders. If ownership in a For Profit Corporation consists of 50% – 50% split in equity then there may [...]
Creating a Will is extremely important for individuals that have a sizable estate in the Dallas and DFW metroplex. Time and time again, individuals refuse to properly prepare for death and do not see the proper preparation of a legal and valid will as a necessity. When you refuse to prepare a Will, then your [...]
Creating a Will is extremely important for individuals that have a sizable estate in the Dallas and DFW metroplex. Time and time again, individuals refuse to properly prepare for death and do not see the proper preparation of a legal and valid will as a necessity. When you refuse to prepare a Will, then your [...]
Verbal Contracts do exist and are legally enforceable in Texas, as a matter of law, if they meet necessary legal requirements and specificity. Adequate consideration must be given between the two parties of a verbal contract to make it binding. Adequate consideration is defined in two ways: (1) having a mutual reciprocal exchange [bargained for [...]
