by Hancock, McGill & Bleau | Jan 13, 2023 | Uncategorized
This is an article about the best tax avoidance mechanism available to individuals, bar none. When an individual dies, the assets of the deceased person may receive a “step-up” in tax basis. This means that the value of an asset for tax purposes is...
by Hancock, McGill & Bleau | Nov 16, 2022 | Uncategorized
A guardianship is a court-ordered relationship established to protect a person who is no longer capable of handling their financial or personal affairs. There is good and bad news with guardianships. The bad news is they are expensive to set up and maintain and...
by Hancock, McGill & Bleau | Jun 23, 2022 | Real Estate, Tax Prorations
A Texas Property Tax Primer The Texas real estate property tax system can be confusing and difficult to understand. What does the title company mean when they say things such as “Ad valorem taxes for the current year will be prorated”. If that sounds like Greek to...
by Hancock, McGill & Bleau | Mar 7, 2022 | Buying Real Estate, Leasing, Listing Real Estate, Real Estate
The Texas Real Estate Commission (TREC) Addendum Concerning Right to Terminate Due to Lender’s Appraisal is used to modify the base TREC contract regarding contract termination rights based upon the appraised value of the purchased property. This form has three...
by Hancock, McGill & Bleau | Feb 9, 2022 | Buying Real Estate, Leasing, Listing Real Estate, Real Estate
If you are the sole owner of a business, to pass your business to your children or other family members, you need to create a limited liability company or corporation to own business assets and operate the business. If you do not, your business will die when you do....
