What is something were to happen to you? Would someone be able to carry on for you while you were ill and recovering? What if you were to die unexpectedly? Is there at least one other person who knows where to find "all the important stuff"? Whenever I talk with a client about planning ahead, I talk to them about more than just drafting legal documents. Yes, a Will and Powers of Attorney are … [Read more...] about Organizing Important Information “Just in Case”
Indemnification provisions are present in many types of contracts- service agreements, leases, insurance contracts, and employment agreements - to name just a few. To "indemnify" someone is to promise to pay the cost of future damage, loss, or injury and therefore to protect them from future monetary damage. Indemnity provisions are common, "boilerplate" language. This leads many careful, … [Read more...] about What are Indemnification Provisions?
If you own a business and haven't made proper arrangements, you are leaving your employees, customers, business associates, and family vulnerable. For instance, what if something happened to you? What if you were 1) disabled and unable to perform your duties; or 2) deceased? Whether you have a family business, a sole proprietorship with employees, have a partner, or are a one-person show, … [Read more...] about For Business Owners – The DANGER of Not Having a Power of Attorney & a Will!
If you are currently married and have children from a prior relationship or marriage, you should have an estate plan! Why? If you were to die, without a will, Texas law will decide who gets what, and in what amount. And that can be bad. Understand this: if you have children from outside your current marriage, and you die without a will, your children from your prior … [Read more...] about Have Children from a Prior Relationship and You Don’t Have a Will? Why That’s a Bad Idea….
The Texas Workforce Commission's Office of the Commissioner Representing Employers ("TWC") has an employer hotline to answer employer questions about basic legal issues related to hiring, work-separation, and other employment and post-employment issues. The number is 800-832-9394. There are also free resources available online. Check out the publication, "Especially for Texas Employers" that … [Read more...] about Texas Employers, Here are Some FREE Resources to Help you Run your Business!
Small business owners, you know how important it is to keep your own financial and banking information safe from digital predators. Don't forget to give your client's private information the same careful consideration. Here are some ways to do so: Keep control of your hard copies. Keep client's information in a safe place. Shred sensitive information, don't just throw it in the regular … [Read more...] about Small Business Owners, Keep Your Client’s Information Secure!
So... you have been putting off making (or updating) your will. This procrastination can have additional dire consequences if you are a small business owner. When we meet with our clients who are considering their estate plan, we always like to discuss the practical aspects of their employment situation to see if there are additional considerations. Are you an employee? Are you retired? … [Read more...] about Estate Planning When You Own a Small Business
It is good Risk Management Strategy to make sure that your promises and representations to your customers/clients/patients are truthful, honest and free of unreasonable promises. Promising more than you can deliver is tempting. You may want to make that sale or cement that relationship. Don't do so at the risk of future litigation. Defending a lawsuit or administrative claim eats into your … [Read more...] about Avoid Lawsuits for your Company- Don’t Promise More Than You Can Give!