During the 2025 legislative session, the Texas legislature enacted several new laws aimed at making the state more predictable for businesses targeted by shareholder lawsuits. These changes come in the wake of several high profile shareholder suits alleging board malfeasance aimed at large public companies in other jurisdictions. Codification of Business Judgment Rule: This rule…
With inflation at the highest recorded rate since the early 1980’s (and climbing) and the specter of higher taxes looming on the horizon, many Americans are looking for innovative ways to protect and grow their assets. One popular device is gold bullion. Gold has long been prized as a robust store of value and hedge…
The answer: it depends. Tax rules in the United States look to the “origin of the claim” to determine whether funds paid in connection with a lawsuit are taxable. For example, damages paid in satisfaction of lost income would be taxable because the claim originated in the loss of monies that would have been taxable…
As the cryptocurrency economy continues to grow, many of our clients and colleagues have asked for guidance relating to integration of this asset class into a wholistic estate plan. Crypto assets can be an outstanding addition to a diversified portfolio, especially as a means of counterbalancing more conservative investments like blue chip stocks or bonds. However,…
Most of us know that estate planning, the process that distributes your assets after death, is important. Often, however, we don’t know where to start. It can be difficult to differentiate between intestate succession, a will, and a trust. Some aspects of each are very different, while others are more nuanced. In this article, we…
Estate planning is the process where you decide what happens to your property after death. For those unfamiliar with such planning, it is difficult to know where to begin. There are so many choices, starting with how you want to distribute your assets. People often confuse a wills and trusts, and they have a hard…
Planning the preservation of your hard-earned wealth and assets is essential. By that same token, estate planning can be extraordinarily complex because you must establish who gets what and when after you die. If you become incapacitated, your estate plan must include clear, comprehensive instructions as to who does what and when. Given these nuances, you must ensure your estate plan leaves no stone unturned, as…
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