Texas Laws

A Trust is a legal chameleon. What is a Trust At its most basic, a trust is an agreement by a fiduciary (the trustee)  to hold property for the benefit of another.  A trust is not a separate legal entity. There are three players in a trust – the settlor (who establishes and sometimes funds the trust), the trustee (who administers the trust) and the beneficiary (who benefits from the trust). A trust...

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 towards a more productive use by reflecting on the differences between your moral...

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...

Suppose your father, an intensely private person, dies as the result of a bizarre murder-for-hire scheme. The press is everywhere, demanding family public statements, autopsy results and funeral arrangements.   Some fanatic even sends out a tweet soliciting protestors for your father’s graveside service. You wonder what you can do to secure your father’s privacy after death. The answer starts with the general principle that a person’s right to privacy lapses at his...