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 [...]
There are many business structures an entrepreneur may employ in forming his business. Each structure is somewhat different and choosing a specific business model depends on each entrepreneur’s specific needs. Below are 6 important business vehicles that any entrepreneur should explore before making their final decision to start their business. The Sole Proprietorship: This business [...]
Texas legislation has limited the control that the home owners associations have when pursuing foreclosure. The restrictions that have been placed on home owners associations are aimed to help assist homeowners that are delinquent on their specific payments. The provisions enclosed within the legislation help the homeowners that are down on their luck in multiple [...]
With the financial conflicts facing individuals and families today and the aging of the general population, more trust beneficiaries and family members are becoming concerned with the fiduciary duties of the trustees of their individual trusts. The fiduciary duty is a legal relationship, obligation and trust to act in the best interest of the beneficiary. [...]
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 [...]
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; [...]
