Archived
When forming a commercial real estate investment firm, would you recommend using a Series LLC or traditional LLC?
Sean's answer
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Answered on April 03, 2019
It’s difficult to give you a good answer without much more information. Generally speaking, series LLCs work well to insulate properties from each...
Archived
Are there any legal ramifications to making my stake in a new company owned by my personal LLC instead of me?
Sean's answer
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Answered on March 31, 2019
It depends on what the new venture is. The potential problem you face is that a lawsuit regarding the new venture could wipe out ALL LLC assets....
Archived
Hhow does an LLC protectme from a lawsuit?
Sean's answer
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Answered on March 29, 2019
I agree with Mr. Clausen. You still need to speak to an attorney to protect your interests.
Archived
Do you half to probate a will to sell property left to you in Texas?
Sean's answer
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Answered on March 19, 2019
Most likely the answer is yes. There are some exceptions but it requires certain types of deeds being filed. Most people never execute those...
Archived
Is probate always necessary in Texas?
Sean's answer
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Answered on March 12, 2019
Formal probate is not always necessary. However, you will have to do something to clear title to the property and it may include a muniment if...
Archived
How do we transfer deed with will in TX?
Sean's answer
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Answered on March 12, 2019
You are going to likely have to probate the will in some form or fashion to pass title of the house and car unless your husband’s grandmother...
Archived
Can the owner of a property with a life estate and Lady Bird sell and sign alone on the sale of the home?
Sean's answer
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Answered on March 07, 2019
If it is a properly drafted Lady Bird Deed the life estate holder should have retained a power of sale to prevent the remaindermen from having to...
How do I open single member LLC listing my wife as the member and me as the manager but have us both listed on the State record?
Sean's answer
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Answered on March 05, 2019
Husband and wife qualify as a single-member LLC according to IRS rules.
You can list both of you as members or managers without changing the...
Can an irrevocable trust be converted to an LLC?
Sean's answer
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Answered on March 05, 2019
You will need to terminate the trust first. How difficult this is depends upon the trust provisions.
After the termination, an LLC could be...
Archived
I have a written will witnessed and notorized another woman claims she has a holographic will that was written no witnesses etc.
Sean's answer
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Answered on March 01, 2019
I write to add that holographic wills do not require witnesses to be valid. Assuming both wills are valid, the most recent one will likely apply....