In Texas' vast landscape, mineral rights ownership is a crucial aspect of property rights that carries significant implications for landowners, oil and gas developers and industry stakeholders. Anyone who owns mineral rights or is considering leasing them to...
Lufkin Legal Blog
Why get your first estate plan made now?
There will always be an excuse not to sit down and make your first estate plan. Many people keep on putting it off for years. A 2024 survey by Caring.com found that only 32% of American adults have made theirs. While you hopefully will not need to call on your estate...
Does timing matter when starting a business?
Starting a business is an exciting step for any entrepreneur. It can be fulfilling to put an idea into action. However, you also want your business to grow after launching. Different factors will determine your ability to be successful from the word go. And one of...
How do you revise your estate plan after divorce?
Divorce can be a tumultuous undertaking. From untangling emotions and assets to working out a parenting plan and discussing alimony and child support, divorce comes with a list of things to do. While navigating the complexities of divorce, however, it is important...
4 examples of a contract breach that may lead to litigation
A contract breach can lead to litigation because there can be financial losses for the party that experienced the breach. For instance, a general contractor may have subcontractors under contract, and if they don’t show up and complete their portion of the job, the...
Beware of partnership pitfalls
You and your closest friend have been discussing starting a business together for some time now. Finally, you both are ready to make your dream a reality. You have decided to enter into a partnership and share equal responsibility for managing the company. Before you...
Semi-trucks have long stopping distances
Do you ever look in the rearview mirror and see a semi-truck coming up behind you? Immediately, it becomes obvious that there’s a massive size and weight difference between your vehicles. You may be in a small passenger sedan, and it is going to be dwarfed by an...
How to bring up estate planning with your parents
If you don’t think your parents have an estate plan, you may be concerned about what the future holds. Perhaps you’re worried about disputes that you and your siblings could get into if you don’t have a plan to tell you how to distribute assets. Maybe you’re concerned...
Mistakes to avoid when creating an estate plan
Creating an effective estate plan is crucial for ensuring your assets are managed and distributed according to your wishes after your passing. However, many individuals make common mistakes that can complicate or even undermine their estate planning efforts. Knowing...
What are the benefits of forming an LLC?
Starting a business or scaling up from a one-person operation can be tremendously exciting, but choosing the legal structure for your business is a decision that can have a broad impact on your future success. You do have choices, but one popular option for...