Waldron & Schneider

Beneficiary Designations

Beneficiary Designations Do each of your bank accounts, retirement accounts and other investment accounts have a designated beneficiary?  Further, are all of your designated beneficiaries consistent with your current estate planning goals?  Now is a great time to review your current beneficiary designations and revise them as needed.  Failing to designate a beneficiary can cause […]

End of Year

End of Year As we near the end of 2019, it is time to hold your annual meeting. Corporate entities are formed, in part, to protect an individual’s assets from the liabilities of the business. To help defend against a creditor trying to “pierce the corporate veil”, the first step is to keep up the […]

Using an Assumed Name in Business

Using an Assumed Name in Business Often, a company desires to conduct its business under a name different from its legal corporate name.  This desire may arise from the inability to incorporate under the desired name or as a means of asset protection.  To accomplish these goals, the State of Texas provides that an individual […]

Asset Protection: Veil Piercing

Our July 23, 2018 blog entry, Asset Protection: The Filing Entity, explains how a filing entity such as a corporation or LLC is designed to protect personal assets from the risks of owning and operating a business.  But, what about “piercing the corporate veil?” Piercing the corporate veil–veil piercing–occurs when a court looks beyond the […]

Asset Protection: Signing a Business Contract

Asset Protection: Signing a Business Contract “Often the difference between a successful person and a failure is not one has better abilities or ideas, but the courage that one has to bet on one’s ideas, to take a calculated risk – and to act.” –Andre Malraux (French Historian, Novelist and Statesman, 1901-1976) As I described […]