A property owner in Texas who holds title to mineral rights may at some point want to sell or lease these rights to an oil and gas company. Market conditions change from month to month, so property owners should know the value of their holdings and some of the legal...
Denton Texas Legal Blog
What is a 1031 tax-deferred exchange?
As a rental property owner, there may come a time when you want to sell them and buy something new. When that times come, you could face serious tax issues. Kiplinger explains there may be another option called a 1031 tax-deferred exchange. The details A 1031...
What are the different types of elder abuse?
Any person can suffer abuse, regardless of age, religion, sex or cultural background. Unfortunately, thousands of individuals over the age of 60 face exploitation, abuse and neglect every year. According to the National Institute on Aging, there are various forms of...
Eminent domain and fair market value
Eminent domain is the seizure of your property by the government for public use. However, according to the Texas Constitution art. 1 sec. 17 you must receive just compensation. The problem with this law is that just compensation might seem somewhat arbitrary to the...
Selecting participants for your estate plan
When you think about planning your estate, you probably think mainly about your end-of-life wishes. Given that an estate plan does encompass the legacy you wish to leave behind, this train of thought makes sense. However, it may interest you to know that you will need...
Which forms of elder fraud should concern you?
If you have senior parents or grandparents, you may feel responsible for their health and safety. Unfortunately, older adults do not only have to watch out for their physical health but also their financial health. Some fraudsters make older adults their priority...
Do you need a contract for every employee you hire?
As a small business owner, you want to protect all the work and time you invested in your venture, and contracts help you accomplish that goal. Must you draw up a contract for every employee you hire? Chron explores the definition, pros, cons and alternatives to...
How to choose an estate executor
Organizing your estate may seem like a daunting task. Not only are there several arrangements to make when arranging your affairs, but you must make important decisions regarding your property and assets. One of the most important decisions you can make involves...
How may an oil and gas lease transfer to another party?
The Texas Natural Resources Code allows parties to transfer or relinquish their oil and gas lease agreements. As noted on the Texas Constitution and Statutes website, the transferee must take over the terms and obligations of the lease. A transferee takes...
Should you purchase an owner’s title insurance policy
If you are purchasing real estate, you have an option to purchase title insurance as part of the closing package. Your lender typically requires that you buy a lender's title policy. A lender's policy does not protect the rights of the owner. Title insurance requires...