There are numerous types of trusts, all with unique functions. One of the lesser-known ones is a generation-skipping trust, which can be a powerful estate planning tool. A generation-skipping trust allows assets to be transferred to beneficiaries, bypassing the...
Lufkin Legal Blog
Make selling your home easier with a quiet title action
Imagine you’re ready to close the deal on your home, only for the buyer to discover issues with the title, such as an old lien from years ago or a claim from a previous owner that was never resolved. It can halt the sale immediately, leaving you and the buyer...
Texas allows some energy companies to use eminent domain
In many situations, and most states, eminent domain is a power that is only used by the government. It can be exercised when the government is doing something considered beneficial to the public. For instance, the government may use eminent domain to claim private...
How self-driving semi-trucks could affect crash claims
Advances in technology can sometimes force lawmakers to propose changes to laws. As vehicular technology has improved, manufacturers have had to adjust their practices to integrate cutting-edge safety systems into their vehicles. Lawmakers have made certain systems...
Do you give up your rights with a power of attorney?
A power of attorney authorizes someone else to make decisions on your behalf. For instance, you could use a financial power of attorney to allow someone to pay your taxes or access your bank account. You might use a medical power of attorney to give your agent the...
How can the Deceptive Trade Practices Act affect small businesses?
Growing a small business in Texas means understanding how to protect your interests while maintaining consumer trust. The Deceptive Trade Practices Act (DTPA) ensures fair business practices. Let us explore how this law impacts small businesses and what you need to...
2 things to know when hiring your first employees in Texas
Hiring the first employees can be exciting because it shows your business is growing. However, it can also be overwhelming, as you want to onboard the right talent without getting into any legal trouble. You need to be well-informed and extra careful when hiring for...
When and why might your estate plan need a review and update?
Regularly updating your estate plan can ensure it reflects your current wishes and circumstances. Several life events and changes can necessitate an update to your estate plan. Here is a brief guide to help you determine when and why you should revisit your estate...
3 considerations when evaluating an oil and gas lease
An oil and gas lease can be a mutually-beneficial arrangement. Property owners grant the right to establish oil and gas facilities on their land and earn passive income by doing so. Organizations in the oil and gas sector acquire new resources that they can develop as...
Charitable trusts: An option to consider for an estate plan
Setting up an estate plan isn’t always an easy undertaking, but it’s one that’s very important for all adults. You have to consider several points and options as you’re setting up the plan. One of consideration that should be made is whether charitable giving will be...