Brooke Daves's Answers

How to Transfer assets to my company...

Have you already formed an LLC? If not, you would not want to transfer anything yet, of course. If so, as indicated by the other response, you usually would use a Bill of Sale for personal property. However, there are a few important issues you need to keep in mind. For example, is that equipment going to be your capital contribution to the LLC? If so, you need to make sure to reflect that in the corporate books. On the other hand, if it is going to be sold by you to the LLC, you need...

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Hello, I am in an Insurance Agency that is an LLC. We have 3 members with a 90/5/5 percent.

If the company is an LLC, then there should be a Company Agreement (also called an Operating Agreement, Regulations, or LLC Agreement). The terms of this Company Agreement govern how you withdraw from the LLC. You need to consult an attorney for him or her to review that document and advise you on your options.

Is it required to sign a receipt release agreement in order to get paid as a beneficiary in Texas?

If you are a beneficiary of your father's estate, under Section 149A of the Texas Probate Code, "at any time after the expiration of fifteen months from the date that an independent administration was created and the order appointing an independent executor was entered by the county court, any person interested in the estate may demand an accounting from the independent executor." Without more information, I cannot answer your question as to whether you could, at this time, demand an...

How can property be transferred to someone when the owner of the property is deceased, but property was purchased before death?

The County Clerk is correct...a bill of sale is not what you need, but instead, she should have given you a deed, conveying title from her as grantor to you as grantee. There are a number of different ways to resolve this matter, but the quickest would be to get a deed from the woman's heirs, if they are cooperative. Depending on the form of the document that you say you have from the seller, you could have what is called "equitable title" in Texas. This would mean you have the right to...