If you own a business, your legacy is not defined only by what you built. It is also defined by what happens next. Without a clear succession plan, even a profitable and well-run company can face instability, conflict, or forced liquidation at the very moment continuity matters most. Business succession planning gives you control over … Read more
The recent $10 billion sale of the Los Angeles Lakers provides a powerful cautionary tale about Estate Planning, family conflict, and business succession. Despite a sophisticated Trust designed to keep ownership in the Buss family, structural flaws and sibling rivalries ultimately dismantled Jerry Buss’s legacy. This case illustrates why even well-drafted Estate Plans can fail when they ignore real-world dynamics. Learn the critical lessons every family business owner should consider before it’s too late.
Many Texans assume that once Medicaid helps pay for long-term care, the story ends there. Coverage arrives, care is provided, and the home remains intact. What often comes as a surprise is what happens later. After death, Texas has the legal right to seek repayment through the Medicaid Estate Recovery Program, commonly called MERP. For … Read more
Planning for the future isn’t just about saving money or deciding when to retire. It’s also about protecting your family, your assets, and your wishes through clear legal documents. Estate planning is one of the most important steps you can take, and it’s not something to leave to chance. Without legal guidance, you risk confusion, … Read more
As we approach the end of another tax season, it’s a good time to review the list of “Dirty Dozen” tax schemes published by the Internal Revenue Service for the year. Many of these schemes peak during tax time and involve fraudsters looking for ways to steal taxpayers’ money, personal information, and data. Attorneys can help their clients by alerting them to these scams and providing advice on how to avoid them.
When you are going to qualify for Medicare as a senior, you may take some things for granted. Yes, there are out-of-pocket costs, but they are manageable for most people. The big-ticket items will definitely be covered, and this can provide a sense of security. This makes sense on the surface, but there’s an element … Read more
If you own cryptocurrency, you may have estate planning concerns. Since it does not follow the same rules as traditional property, the way it is accessed, stored, and transferred creates planning issues that a standard estate plan does not automatically address. The good news is that with the proper inheritance planning for cryptocurrency, you can … Read more
Selecting a trustee is one of the most important—and most misunderstood—decisions in Estate Planning. While many individuals focus on who will receive their assets and how those assets will be distributed, far fewer consider the impact the Trustee will have on the management and distribution of those assets. This article explores why trustee selection matters, common pitfalls that lead to conflict and litigation, and how thoughtful planning can help preserve both family harmony and a lasting legacy.
Blended families are incredibly common today, and they come in many forms. You might be raising children from a previous relationship. Your spouse might have kids from their earlier marriage. Maybe both of you brought children into the household. These relationships add richness to family life, yet they also introduce some unique questions when it … Read more
Elder financial abuse has become one of the most pressing threats facing older adults in Fort Worth and throughout Texas. The problem grows each year as seniors live longer, manage more assets, and rely on others for help with daily tasks. Financial exploitation often hides in plain sight, and the people committing it are frequently … Read more