Author: integritylawtx
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Texas Statute of Limitations (SOL) Related to Title of Real Property
While not exhaustive, below is a list of liens and judgments along with the Texas Statute of Limitations that may be filed or found in the real property records or county clerk’s office. This list may be updated from time to time.
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8 Ways to Transfer Your Assets Without Probate
Probate is the legal process where a court of law establishes the validity of a decedent’s will. The probate process includes the appointment of an administrator, receivership, ad litem, and accounting & inventory of the decedent’s belongings, paying off the decedent’s debt, and distributing the estate’s assets.
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Title/Survey Objection Letter
After getting a property under contract, the buyer has an opportunity to “look under the hood” and negotiate with the seller before fully committing to their purchase. Many people are aware of the option period, which allows the buyer to conduct a physical inspection of the house and check for major capital expenditure issues such…
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Texas Closing Checklist for Every New Homeowner
Whether you are purchasing your first home or the next real estate deal, closings can be a nerve racking process. There are a lot of factors that come into play in order to successfully close on a property. We have created a checklist for you to ensure your closing goes as smoothly as possible.
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Series Limited Liability Company (LLC)
Historically, members had to file, manage, record, and report each LLC separately which meant more paperwork, more cataloging, more expense, and more reporting. That process created more unnecessary work and several issues for not only the members of the LLC but also for the states’ regulatory agencies. Some states have resolved this issue by enacting…
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8 Layers of Asset Protection for Texas Residential Landlords
Investing in rental properties has tax and wealth building advantages. Like any other business, mitigating risk is necessary to protect your assets. Oftentimes, individuals believe that forming an entity is enough to protect oneself from legal liability. This is far from the truth. Landlords get sued for various reasons such as poorly maintained property, unpaid…
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Texas LLC Formation
A limited liability company (LLC) is a business structure that is permitted by individual state statutes. In Texas, the Business Organizations Code allows for the creation of LLCs. An LLC is formed by filing a certificate of formation with the Texas Secretary of State. Generally, an LLC is owned by its members. The LLC is…
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Why do you need a Texas Prenuptial Agreement?
There’s a social stigma attached to prenuptial agreements. Sometimes happy couples think that they don’t need one because they trust one another and would never plan on getting a divorce. However, a prenuptial agreement is similar to an insurance policy, we all have one, and we hope not to have to use it, but in…
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The Difference between Community Property vs. Separate Property in Texas
Most individuals don’t consider the difference between community property and separate property until they are facing a divorce. At Walter & Truong PLLC we educate our clients on the importance of how property is characterized in the state of Texas because Texas is one of a few community property states. Upon divorce in Texas all…
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Investor’s Guide on Becoming a Texas Residential Landlord
A key component to the buy-and-hold strategy for Texas real estate residential investors is property management. While collecting rent may seem like easy passive income, there are several Texas residential landlord tenant laws and regulations in place for landlords. As a first time landlord, investors may face uncertainty and make mistakes along the way. This…
