The Law of Frying Pans Making Your Gifts Cook ‘Tis the season for giving and receiving gifts. So here ‘tis your first gift of the season: a primer on the law of gifts. What Is Considered A Gift? Simply stated, a gift is a voluntary transfer of property made gratuitously. There is, of course, a bit more to it. The owner has to intend to give the property, the property has to be delivered, … [Read more...] about What Is The 2019 Gift Tax Limit?
The Post-Thanksgiving Blues Reflections Bring Good Cheer With any luck, you have finished waving goodbye to the last of the relatives and returned to your home. Home, a place where you can reminisce in private about all of the real and imagined slights, jabs and jibes made by that graceless, greedy, egocentric, are-you-sure-we-are-even-related mob. Too soon? Let’s steer your emotions … [Read more...] about Legal vs Ethical Responsibilities
Join the Club - The Exclusive, Elusive Texas LLC Limited Liability Companies are all the rage in business circles. You need to know the basics if you have any aspirations at all to run with the in-crowd. You may eventually decide that you need to bring at least one LLC into your life. An LLC is a creature of statute. Since we’re in Texas, we will focus on LLCs created under Texas law. Who … [Read more...] about How To Start An LLC In Texas
Revenge Of The Divorcing Spouse and Why Estate Planning Is A Must Warning: if you or a loved one are going through a divorce, this column contains content that might elicit a strong emotional response. In Texas, you are either married or you are not; there is no half-way mark. A marriage can only be ended by divorce, annulment or death. Estrangement, separation, divorce pending – none of … [Read more...] about Why Estate Planning Is Important Through A Divorce
Child Support Can Be Ordered Paid by Either Parent, Regardless of Who Has the Right to Determine Primary Residence According to a recent opinion from the Fifth Court of Appeals in Dallas, if a parent who visits their child in accordance with an expanded standard possession order earns less money than the other parent, has difficulty meeting their monthly expenses, and considered the amount of … [Read more...] about Modifying Child Support In Texas
Paying For Long Term Care Through Medicaid and VA Pensions There are two primary public benefits programs that can help pay for nursing home or long-term care: VA Pension and Medicaid (there is another VA program for veterans with a service-connected disability). Both programs have strict requirements for qualification and they are, to put it mildly, complicated. What is a VA Pension and … [Read more...] about How To Pay For Long Term and Nursing Home Care