An estate plan can help ensure your last wishes are met after you pass away. The majority of your estate plan will be about instructing how your assets should be handled. However, there are a few more things you can do with an estate plan. If you are just starting on...
Lufkin Legal Blog
Considerations when putting a business succession plan in place
If you own your own business, a succession plan needs to be part of your estate planning. Unlike most elements of an estate plan, however, a succession plan may be implemented long before you pass away. You will likely either want or need to retire one day, so it’s...
2 factors that contribute to semitruck crashes
Semitrucks are a common sight on interstates and in cities. These very large and heavy vehicles transport goods all across the country, but that convenience comes at a risk. Because of the size and weight of these vehicles, they can be hazardous to others on the...
Is a franchise right for you?
Starting your own business is a major decision for anybody – and one of the primary choices entrepreneurs face is whether to become a franchisee or build their enterprise from scratch. Each option can be viable, but there’s no denying the allure of becoming a...
The startup survival kit: Skills for early-stage success
If you've recently launched a new business, it's crucial to acknowledge that the startup world is a thrilling yet unforgiving landscape. If you've looked at the statistics, you've probably noticed that a staggering number of startups fail within the first five years....
2 legal mistakes that many startups make
Even when business founders take every possible precaution, succeeding with a new company is not easy. While it is possible to make it, a significant number of startups fold within the first few years. A founder of a new business may not be familiar with all of the...
How long should the primary term of an oil and gas lease last?
Real estate isn't just valuable as a passive investment or a source of income. It can also be a way to secure ongoing revenue for a household. For property owners in Texas, natural resources can significantly alter the value of their property. Texas is famous for...
When can a property owner refuse access to local water?
The climate in Texas makes water access crucial to many types of businesses. From agricultural operations to industrial facilities, both property owners and business executives may need to ensure that there is reliable access to local water sources. Depending on the...
Why you should consider digital estate planning
The estate planning process is an integral part of ensuring your assets are distributed according to your wishes after you pass away. However, in today's digital age, one crucial aspect that is often overlooked is planning for your digital assets. While it may seem...
What does an executor of the estate do? 3 key steps
When a testator passes away, it is the responsibility of their executor to settle their estate -- but most executors aren't exactly familiar with their role. The executor has many responsibilities to meet to settle an estate. Failing any of these duties could breach...