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High-ranking executives in Texas often commit to employment contracts when taking a new position. While state laws permit noncompete agreements, there are limitations on what types of agreements are acceptable. However, even when an employee has the right to break an employment contract, other companies may be restricted from trying to induce such a breach. This issue has come to the forefront in a major dispute in the entertainment industry as major studio 20th Century Fox Film is clashing with Netflix in court over what Fox claims was an orchestrated effort to poach its executives.
Estate of Carrie Fisher worth $6.8 million
Star Wars fans in Texas might be interested in learning about the estate of Carrie Fisher, the late actress who played Princess Leia in the series. Fisher, who died at age 60 in December 2016, left some relatively specific estate planning instructions. According to news reports, she asked in her will that her estate should be placed in the Carrie Fisher Living Trust, which has her 26-year-old daughter named as its beneficiary.
Filmmaker's untimely death causes legal battles
When a Texas resident creates a will, its terms determine how some or all of a person's assets are distributed upon his or her death. Although John Singleton had a will, it was created in 1993 and was not updated once it was executed. At that time, only one of Singleton's six children was alive and included in the will. Therefore, his other siblings could potentially be denied a share of their father's assets.
