Things that Distinguish an Asset Purchase from a Stock Purchase Transaction It’s exciting to buy or sell a business. It’s a time full of many considerations and many questions. The most fundamental question is whether to structure the transaction as an asset purchase or as a stock purchase. The answer you pick will have many implications. Consider the following. What Are The Pros Of Asset … [Read more...] about 2020 Asset Purchase vs Stock Purchase – Pros & Cons
What Does A Transfer On Death Deed in Texas Do? There is a snappy little document called a “transfer on death deed” that is very much in vogue right now. You can use it to transfer your real property in Texas upon your death, making it a valuable tool if your estate plan is geared toward avoiding probate. If you are leaping to your computer to download an internet form of the deed, you may … [Read more...] about What Is A Transfer on Death Deed (TODD) In Texas?
A Disaster for Many.. Transfer on death deeds, legal in Texas since 2015, have been heralded as the latest, greatest method for keeping real property out of probate. The goal behind them is laudable: provide a simple mechanism for transferring ownership of land to a beneficiary when the owner dies, no probate required. Four years later, how’s that working for us? Not so good. Let’s … [Read more...] about Transfer on Death Deeds in Texas
From Contract to Close Real Estate 101 In case you plan to usher out the old year and welcome in the new with a real estate transaction, here is a little heads-up on the people and terminology involved. In Texas we sell and purchase real estate only by a written instrument. It just isn’t enough to say “Give me $200 and the North 40 is yours.” The document that transfers ownership in … [Read more...] about How To Buy A House in Texas
How Changing Your Will With A Codicil Is Bad Here is a sad but true tale about a will change gone terribly wrong. Mary Jane executed her will on February 13, 2017. There was a clause in her will appointing her two daughters, Linda and Julia, as co-executors of her estate. Mary Jane died 10 months later. Her daughters duly filed an application to admit her will to probate. They requested that … [Read more...] about How Changing Your Will With A Codicil Is Bad
Darn those beneficiary designations. They should be so simple. They are not. A beneficiary designation is a “payable on death” or “transfer on death” designation. It allows an account owner to designate a person or entity to receive the account upon the owner’s death. The advantages for using a beneficiary designation are well-known. The account passes outside of the … [Read more...] about 4 Common Mistakes on Beneficiary Designations