It is common to leave assets to surviving loved ones using payable-on-death or transfer-on-death designations. These designations allow you to name beneficiaries directly to take over an account or asset. Life insurance policies typically allow for direct beneficiary...
Skelton Slusher Barnhill Watkins Wells PLLC
Testamentary trusts can better ensure asset control
Questions about how to provide for irresponsible family members and minor children are common in estate planning. Rather than simply not leaving assets to those loved ones, you may want to consider your planning options. Fortunately, numerous estate planning tools can...
Trade secret theft could lead to commercial litigation
Most companies in Texas and across the country cannot function without the help of their employees. As a result, employees may need to be let in on trade secrets and other important information to help them perform their work-related duties. However, if employees...
Not complying with regulations leads to penalties for businesses
It was recently reported that nearly $900,000 in penalties were levied against multiple businesses in Texas for regulations violations. Reports stated that 17 entities were fined, and all of the violations were related to environmental regulations. Of the 17...
Older individuals can still start a business if it’s their dream
Taking on a new venture in life can be intimidating. Even if Texas residents believe they will be fulfilling a life-long dream, they can still feel hesitant to get started, especially if they are of an older age. Many people 50 and over may feel that it is too late to...
Three estate planning tips for business owners
Entrepreneurs are incredibly busy. Between managing daily tasks, employees, business, and their personal lives, business owners rarely have time to sit down and enjoy their free time. Business owners may feel that they don't have time to dedicate to the estate...
Regulatory compliance is vital for Texas business owners
State, federal, and local regulations on some business ventures make running a business not as easy or intuitive as some people may think. While it may seem like anyone could start their own company online these days, staying in compliance with regulations can be a...
The proper steps are vital when starting a business
Wanting to start one's own business is an exciting time. The desire can come about for many reasons, but whatever the reason, Texas residents who are ready to own their own businesses need to ensure that they take the proper steps for getting started and, hopefully,...
Getting a partnership agreement right
Often risky and challenging, starting a business can be among life's most exhilarating adventures. When the venture is a good partnership, its owners get to go through the experience together.More importantly, they share their resources, experiences and skill sets,...
Three estate planning steps for business owners
Entrepreneurs are incredibly busy. Between managing daily tasks, employees, management and their personal lives, business owners rarely have time to sit down and enjoy their free time. It makes sense then that most owners feel like they don’t have to start their...