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When you go into business with a partner, you do so with the idea of forming a long-term working relationship that benefits the both of you. Unfortunately, conflicts and disputes can arise at any time. Just when you think everything is going as planned, you have a disagreement that quickly spirals out of control.
Approaching probate correctly is more important than avoiding it
For a lot of estate planners in Texas, one of the primary goals is to avoid probate as much as possible, or for as many assets as possible. According to some experts, however, it's more important to approach probate correctly than to avoid it altogether. In cases where a person dies intestate, or without a will, an administrator is appointed by the probate court to manage the distribution of assets.
Caution necessary when considering a merger or acquisition
Mergers and acquisitions often enable Texas companies to thrive. Sometimes the transaction benefits both entities, but a decision maker at a company needs to evaluate multiple angles when approached with an acquisition offer. The due diligence process could identify good opportunities or reveal red flags that make the deal a poor direction for a company to take.
