From the outside, it is hard to determine the difference between a condominium and a townhome. However, in Texas there are legal protections for condo owners that do not exist for townhome owners. There is also a significant difference in what portions of the property you own. The distinctions should be carefully considered when buying […]
Month: February 2024
Executive Compensation Regulation in Texas
The recent controversy surrounding Elon Musk’s compensation package, which was invalidated by a Delaware judge, has cast a spotlight on the intricate world of executive compensation. This high-profile case serves as a compelling entry point into the broader discussion on how Texas corporations can navigate the complexities of structuring executive compensation packages. While Tesla’s situation […]
Understanding Inheritance of Community Property in Texas Blended Families
In Texas, the concept of community property plays a pivotal role in how assets are distributed upon the death of a spouse, particularly when it comes to blended families. This unique legal framework can often lead to unexpected outcomes without proper understanding and planning. What is Community Property? Community property, under Texas law, encompasses almost […]
Understanding Texas’s Anti-Lapse Statute
What happens when the intended recipient of a testamentary gift dies before or alongside the testator? In Texas, unless the will provides otherwise, the default answer is that the gift lapses – that is, that the provision containing the gift is treated as if it were not part of the will. If the will has […]