You work your entire life to save, and make good financial decisions so that you can have enough when you retire, and then, hopefully, leave something to your loved ones after you die. Along life’s way you pay taxes… income taxes, property taxes, sales tax. At the end of the day, the government wants to...
It’s taken guts, savvy and sheer determination, but you’ve done it: You’ve made your business a success. You’ve weathered the market swings, outshone the competition, and kept your customers more than satisfied. Your achievements have enabled you to take care of and protect your family. So what happens if you get hit by that proverbial bus?
When starting a business, you may choose from several types of business entities. Choosing the proper business entity for your business is vital to the success of your project. One of the primary considerations in selecting a business organization is protection of the owners of the business from liability. Other considerations include tax treatment by the federal and state governments, management structure, future ownership, and capitalization.
Learn more about the estate planning services we offer at the following information pages:
- Married Couple with Minor Children
- Married Couples with Adult Children
- Married Couples No Children
- Blended Families
- Single with children
- Single no children
- LGBT Family Planning
Have you ever considered what it means to Create a Legacy? Many people think that a Legacy can only be created through wealth, or through heroic accomplishments, but the fact is, each of us is actively creating our legacy right now with the lives we lead. That’s because our true legacies have less to do with the financial assets we accumulate, and more to do with our intangible assets; our stories, wisdom, values, and character.
During mediation, Gratia P. Schoemakers, a trained mediator since 2011, serves as an independent third party. Ms. Schoemakers role of a mediator is to meets with opposing sides to facilitate communication and negotiation between the parties. Although not required, it is recommended that parties are present with legal representation during their mediation process. Mediation focusses...
Planning for a Marriage is a big ordeal with many details to attend to. With all of the excitement, the last thing a happy couple wants to think about is the possibility that the marriage could end up in divorce. But sometimes, despite all best efforts, a marriage does fail. Here in Texas the divorce rate is for first time marriages is already high enough (almost 60%), but compared to second marriages (60-67%) and third marriages (70-73%), people really should start thinking about the what-if’s in life.
Most of us who have a pet consider them to be a part of the family; unfortunately, the plans we may have so carefully put together to protect our loved ones do not take our pets into consideration.
All to often, we are confronted with tragic stories of parents dying too soon and leaving minor children behind. The stories are heart wrenching and the reality for the children is worse. The sad reality is that most parents in the USA have not named a guardian to care for their children in the event something happens to them?
Many of our clients are business owners. We have represented entrepreneurs from family-owned “mom and pop” operations to large franchises and companies with multiple locations in several states. We help business owners design, implement and maintain effective plans to help them reduce their personal liability, preserve all viable income tax deductions, facilitate the owner’s retirement, maintain family harmony, retain key employees and minimize income, gift and estate taxes.
Parents of children with special needs usually share one overriding concern: what will happen to my child after I’m gone? They also struggle with guilt for what they envision as an eventual destiny for their other children who might assume care of their special needs sibling.
Probate and Estate Administration are the processes through which estate assets are legally transferred from the deceased’s estate to the rightful heirs or beneficiaries after all creditors have been satisfied. Probate will be necessary if there are any assets in the name of the decedent which require a title transfer that cannot take place without court intervention.