After an individual dies and leaves a will behind, their family members may take action to contest the will. Reasons for litigation may vary, and Texas probate courts may find lawsuits contesting wills filling up annual dockets. Both sides of the litigation might be...
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Wells Peyton & Partain, L.L.P. Blogs
How to uncover hidden assets during a divorce in Texas
During a divorce in Texas, it's not uncommon for the former spouses to try to hide assets from each other. Sometimes they're trying to prevent their assets from being divided in the divorce; other times, they're trying to get back at their former spouse by hiding...
Tips for starting a business during a recession
Starting a company in Texas can be challenging at any time, but you may face a greater number of obstacles if you choose to do so when economic conditions are relatively weak. However, with adequate planning, it may be possible to overcome those hurdles. It may be...
How to change a living trust
One of the advantages of a revocable living trust is that the creator can change it as needed. If you want to make a change to your revocable trust in Texas, you may do so with an amendment. Locating the trust You should keep the trust in a safe place, such as in your...
Key ways a will can be contested
When someone passes away in Texas, their will may come under a lot of scrutiny. The will is a legal document that determines who gets the deceased's assets, property and anything else of value. When things go smoothly and everything is spelled out properly, the will...
Should one settle or go to a divorce trial?
Some Texas divorces will reach critical junctures where the two spouses will need to decide whether to work towards a settlement or go to trial. While having a court hearing is an option, the spouses should do everything that they can to avoid going in front of a...
Gathering essential documents can be helpful in a divorce
Divorce in Texas can be challenging. For those who are ending a marriage, the issues that come to the forefront may seem overwhelming. Financial, personal and emotional problems are common as child custody, child support, property division and spousal maintenance may...
Estate planning is for everyone
Many people assume that only the wealthy have estates worth planning for; perceptions of estates in Texas may evoke images of mansions resting beyond high stone walls. While that is one definition, an "estate" refers to any assets owned by someone. Questions about...
Wills not enough for some Texas estate plans
Wills are among the most basic legal and estate planning documents, and among the most important, but they don't cover everything. There are several types of assets and end-of-life wishes that are best set forth in other legal documents rather than a will. For people...
LLCs and corporations may be taxed differently
When it comes to choosing a type of business entity for operations in Texas, the question often comes down to a corporation or a limited liability company. The choice between the two forms depends on the type of business being created, potential tax consequences and...