Prospective planning organizes real risk. Once a claim, insolvency, inadequate value, or obstructive intent enters the facts, a transfer may create remedies rather than protection.
When is it too late for asset protection planning in Texas? Read More »
Fair family-business planning separates pay for work, economic ownership, decision control, liquidity, and other inheritance instead of forcing every concern into one percentage at death.
One child works in the business and one does not. What does fair mean? Read More »
A deceased owner’s successor may receive LLC economic rights without becoming a member or manager. The company agreement, estate plan, marital property, and buyout terms control the outcome.
What happens to a Texas LLC interest when an owner dies? Read More »
Owner authority divides into voting, management, employment, signing, banking, and personal agency. An incapacity plan must name a lawful successor in writing for each business function.
If the owner becomes incapacitated tomorrow, who can run the business? Read More »
A buy-sell agreement needs more than a trigger and price. It should name the buyer, interest, valuation process, payment, funding, and control rules through closing.
What should a Texas buy-sell agreement answer? Read More »
Succession answers who can act after death or incapacity. Exit planning prepares a chosen transfer. Owners need both tracks because continuity does not create a buyer or cash.
Business succession and exit planning are not the same job Read More »
An inheritance generally begins as the receiving spouse’s separate property. Records, later transactions, commingling, marital agreements, creditor rules, and the transfer path still require attention.
Is an inheritance separate property in Texas? Read More »
Charitable giving can pass through a direct bequest, beneficiary designation, donor-advised fund, or split-interest trust. The asset, timing, family interests, administration, charitable acceptance, and deduction rules should point to one coordinated path.
How can charitable giving fit into an estate plan? Read More »
Generation-skipping transfer tax is a separate federal system for certain transfers to skip persons and trusts. Transfer type, generation assignment, exemption allocation, inclusion ratio, and prior returns determine the actual tax result.
What is the generation-skipping transfer tax trying to tax? Read More »
Federal estate-tax portability can make a deceased spouse’s unused exclusion available to the survivor. The executor must make a valid Form 706 election, and simplified late relief applies only when its conditions are met.
Estate tax portability: why might a surviving spouse file Form 706? Read More »
