An effective business succession plan will give the business an opportunity to maximize its assets, minimize tax liability and always sustain a seamless running of the business.
The post The Importance of Family Business Succession Planning first appeared on Hailey-Petty Law Firm, PLLC.This past year has taught all of us that tomorrow cannot be taken for granted, leading to an increasing number of people to plan and many more to recognize the need to speak to parents about doing the same. If you are an adult child trying to figure out how to talk to your aging mother or father about estate planning, let the following five tips serve as a guide.
The post Five Tips for Talking to Aging Parents About Estate Planning Needs first appeared on Hailey-Petty Law Firm, PLLC.In Texas, when a person dies without a will an administrator must be appointed by the court in order to administer the estate and assumes the responsibility of compiling the deceased’s assets, paying any liabilities, and distributing the remaining assets to those deemed as beneficiaries.
The post What Happens If You Die Without A Will in Texas? first appeared on Hailey-Petty Law Firm, PLLC.
