Resources
Clear information to make better legal decisions.
Brief guides, a bilingual glossary, and links to official sources.
Brief guides
The essentials, in a few lines.
- 01The documents every family in Texas should haveA will, a durable power of attorney, a medical power of attorney, a directive to physicians, and a HIPAA authorization form the foundation of an estate plan. Together they establish who receives your assets and who decides for you if you cannot.
- 02Will or trust: how to decideA will takes effect at death and normally goes through a court. A trust can manage assets starting now. The choice depends on the type of assets, the family situation, and how much privacy and control is desired.
- 03LLC or corporation: basic differencesBoth separate personal assets from the business, but they differ in their management, formalities, and tax treatment. It is best to choose before starting to operate.
- 04What to review before buying or selling a businessExisting contracts, debts, employees, permits, and the tax situation of the company. A prior review avoids taking on obligations that were not known.
- 05Assets in Mexico and the United States: what to considerEach country has its own rules on inheritance, property, and taxes. The documents on one side should be reviewed in light of the other so that they do not contradict each other.
Bilingual glossary
The terms you will hear, explained.
- Probate
- Spanish: sucesión judicial. The court process to validate a will and administer the estate of a person who has died.
- Will
- Spanish: testamento. The document that states who will receive your assets at your death.
- Trust
- Spanish: fideicomiso. An arrangement in which one person manages assets for the benefit of another.
- Trustee
- Spanish: fiduciario. The person who manages the assets of the trust.
- Beneficiary
- Spanish: beneficiario. The person who receives the assets or their income.
- Executor
- Spanish: albacea. The person named in the will to administer the estate.
- Power of Attorney
- Spanish: poder. A document that authorizes another person to act on your behalf.
- Guardian
- Spanish: tutor. The person designated to care for a minor or an incapacitated adult.
- LLC
- Limited Liability Company. Spanish: sociedad de responsabilidad limitada.
- Operating Agreement
- Spanish: acuerdo operativo. The document that sets the rules among the owners of an LLC.
- Registered Agent
- Spanish: agente registrado. The person or company that receives legal notices on behalf of the entity.
- Franchise Tax
- Spanish: impuesto de franquicia. A Texas state tax on businesses.
Official links
Official sources.
- 01State Bar of TexasThe organization that oversees attorneys licensed in Texas.
- 02Texas Secretary of StateRegistration of business entities in Texas.
- 03Texas ComptrollerInformation on the state franchise tax.
- 04Internal Revenue ServiceThe federal tax authority of the United States.
- 05TexasLawHelpFree legal information for Texas residents.
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