Liability Exposure With Oil and Gas Flaring

Oil and Gas Flaring

​​In Texas, oil and gas is big business, with many companies working directly or indirectly in the energy industry. At its core, the oil and gas industry is all about one thing: extracting energy sources and converting them into marketable products. As these natural resources are being extracted, they generally travel through three stages: upstream,…

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Protecting Your Hospitality Business From Dram Shop Liability

Dram Shop

​​Many restaurants, hotels, and other businesses in the hospitality industry serve alcoholic beverages. These businesses are licensed to sell alcohol through state Alcohol Beverage Control agencies. Despite most states requiring additional training and certifications for those serving alcohol – including how to recognize intoxicated patrons – in order for a business to maintain its liquor…

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Why Designated Beneficiaries are Important in Estate Planning

beneficiaries

​​When it comes to the practice of estate planning, designated beneficiaries are an important part of ensuring your loved ones are taken care of after your death. In the broadest sense, a beneficiary is a person who receives a profit, advantage, or benefit. Following a death, a designated beneficiary will typically receive some form of payout directly, without having to go through the probate process. Though you may think your will or trust will override all other designations to control how money will be distributed after death, this is not always the case. Once beneficiary designations are put into place on a specific account, then the contract provisions specifying ownership and distribution after death will control.

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