A corporation is a legal entity that is granted a charter recognizing it as a separate legal entity having its own privileges, and liabilities distinct from those of its shareholders. When it is formed it becomes a separate entity from the people who own the stock of the corporation. For this reason, a corporation’s actions [...]
What is a narcissist? Narcissistic Personality Disorder or ‘NPD” is a mental disorder where the person has very inflated self-esteem issue and a serious need for admiration and special treatment from other people. Typical arrogant behavior and lack of empathy for other people causes many problems in all emotional areas of their lives and relationships. [...]
Contracts are the concrete pillars of our capitalistic society and govern all transactions promoting trust and stability within our American culture. An individual that enters a complex contract regarding a commercial lease, any professional services, or business and franchise agreements must be aware of two killer provisions that may be game changers if the need [...]
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 [...]
Creating a Will is extremely important for individuals that have a sizeable 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 [...]
For better or worse, For richer or poorer, Until . . . a divorce is filed. When there are several zeros at the end of your bank balance, as in $500,000.00; $5,000,000.00 or more, the financial aspects of divorce can be high risk. Texas divorce laws are the same regarding the division of property whether [...]
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 [...]
At the Dallas firm of The Nacol Law Firm PC, our lawyer Mark A. Nacol, offers more than three decades of experience in resolving Texas probate matters and Texas contested wills. Our trusted legal counsel has assisted numerous clients throughout Texas. For more information on Texas probate law and Texas will contests, from Dallas Attorney [...]
In Texas, adultery or infidelity may play a significant role in how a divorce unfolds, impacting asset division in a divorce and even custody issues to a certain extent. Here’s how adultery generally affects the divorce process in Texas: 1. Grounds for Divorce: No-Fault Divorce: Texas allows for “no-fault” divorces, where neither spouse has to [...]
A common question to all Texas probate attorneys is, “What Letters of Testamentary do I need for my parent’s life insurance policies?” In Texas, a will controls the distribution of all assets in the probated estate. Certain assets are classified as non–probate assets and no Court intervention is required. The following are the most commonly [...]
