When you are looking at the two terms “eminent domain” and “condemnation,” you should know that they aren’t necessarily the same. Eminent domain in the government’s right to take over a person’s private property, but condemnation is the legal process that takes place that allows the government to use that right. As a property owner,…

Getting Medicaid benefits can be a challenge. Texas has strict income limitations and even rules about the value of someone’s assets, excluding their primary residence. Someone who needs Medicaid is subject to careful scrutiny of their previous financial transactions. As such, planning far ahead of time is the best approach for adults who may eventually…

Do not underestimate the value of any patents that your company holds. In fact, many experts agree that these patents and other forms of intellectual property are typically considered among the company’s most valuable assets. A particular patent could be the one thing that gives your company an edge in a competitive marketplace. Unfortunately, patent…

Property owners across Texas often feel the presence of the oil and gas industry. Some households own land in areas known to be rich in natural deposits and can potentially negotiate leases for a company that might drill on the land eventually. Other property owners will face claims by oil and gas companies that want…

You have no legal obligation to leave any of your financial or physical assets to your children. You are legally allowed to leave them nothing, which is known as disinheriting them. It is called this because these are people who would have expected to inherit from you, but that is being taken away. Many other…