Should Your Ranch Be Incorporated?

Ranch cattle

Should Your Ranch Be Incorporated? One of the questions that comes across my desk from time to time from farm and ranch clients is whether the farm and ranch operation needs to be placed in a formal legal entity, such as a corporation, limited liability company, or limited partnership. Because of the unique nature of […]

In Brief: Real Estate Broker

real estate broker

IN BRIEF: Real Estate Broker ISSUE Can a real estate broker receive a commission for property sold when the real estate commission agreement does not adequately describe the land being sold? READ THIS!! CASE Burton Creek Development, Ltd.  v. Cottrell, Seventh District Court of Appeals (Amarillo), decided December 14, 2016. FACTS Burton Creek (hereafter “landowner”) […]

In Brief: Irrevocable Trust

irrevocable trust

IN BRIEF: Irrevocable Trust Do statutes of limitation for filing claims against an Estate for unpaid spousal support prevent a creditor (ex-wife) of the decedent from bringing a lawsuit against the  trustee of an irrevocable trust  on grounds of fraudulent conveyance and tortious interference with a contract? CASE Montgomery v. Montgomery, individually and as trustee […]