In addition to stimulus resources available through the Federal Reserve, SBA and other federal agencies, the U.S. Department of Agriculture (USDA) has been provided with additional resources that may be available to farmers and rural businesses, including:
“I notice that your account does not have a beneficiary listed, would you like to list one now? Listing a beneficiary can avoid the expense and delay of probate.”
This is a question more and more of our clients are being asked (and encouraged to prepare) by representatives at financial institutions.
UPDATE: The $2.2 trillion stimulus package referred to as the CARES Act was signed into law on March 27, 2020. The Act provides economic assistance to businesses of all types (including nonprofits) and public entities. The Act also provides monetary assistance and other forms of relief for qualifying individuals.
The last several weeks have confirmed what most knew was never myth: the U.S. economy is tied hand-in-hand with the state of global affairs in countries that, though far beyond our borders, directly impact the daily business operations for regional, state, and local businesses.
Welcome to the Coats Rose Wealth Presentation & Transfer Planning Newsletter Q1 2020 edition, a resource for timely legal analysis of issues affecting personal wealth, estates and financial preservation. Included in this issue are articles that explore, “The SECURE Act’s Impact on Retirement Planning and Estate Planning,” and “Estate Planning Strategies Post SECURE Act.”
Roger Scales recently presented, “A Discussion of the Pugh Clause: or, How Well do You Know the Freestone Rider?” at the Permian Basin Landmen’s Association (PBLA) monthly luncheon on October 8, 2019. The full presentation may be accessed here.
Author: Andrea Steel
In preparation of the formal rule-making process implementing HB 1325 which will begin soon, the Texas Department of State Health Services (the “Department”) held a public hearing yesterday to take comments relating to consumable hemp products (a video of the full hearing can be found here).
Author: Andrea Steel
In an unanticipated turn of events, yesterday DPS abruptly suspended the application period for dispensing organizations, providing only a generic email stating “[t]he department will review the program and the need for any additional licenses again in the coming months.” It also took down from its site any indications that the acceptance period had ever opened.
September 16, 2019 – HOUSTON – Coats Rose of counsel Ben Aderholt penned the construction law update published in the September 2019 issue of the Texas Bar Journal. This issue provided updates covering a number of areas of the law based on the developments from the 86th Texas Legislature.
August 1, 2019 – In his New York Times bestseller “Evicted” Matthew Desmond, a Pulitzer Prize winner, chronicles the link between poverty in middle America and its correlation to evictions. Desmond walks the reader through the lives of low-income families across America who have suffered through the eviction process.
July 15, 2019 – In Texas, water law generally applies to either groundwater or surface water rights. Surface water is defined in the Texas Water Code Section 11.021 as “water under ordinary flow, underflow and tides of every flowing river, natural stream, lake, bay, arm of the Gulf of Mexico, and stormwater, floodwater or rain water of every river, natural stream, canyon, ravine, depression, and watershed in the state.” Diffused surface water is water on the surface of one’s land that has not yet entered a ‘watercourse’ and that instead is owned by the owner of the land over which it flows.
Welcome to the Coats Rose Wealth Presentation & Transfer Planning Newsletter Q3 2018 edition, a resource for timely legal analysis of issues affecting personal wealth, estates and financial preservation. Included in this issue are articles that explore, “Spousal Lifetime Access Trusts,” “Advantages of a Living Trust,” and “New Business Planning Opportunities Under the 2017 Tax Act.”
The U.S. Department of Commerce Bureau of Economic Analysis (“BEA”) conducts surveys to gather economic statistics related, among other things, to international transactions involving certain covered intellectual property transactions and certain covered professional services with foreign entities.
Coats Rose Director Kelly Longwell provided insight on the financing of a 100-bed health center and addiction treatment clinic and additional commercial tenants in a historic 41,000 square-foot former car dealership in New Orleans. Her commentary was included in the article, “Behavioral Health Care Center to Make New Home in Historic New Orleans Auto Dealership,” published in The Novogradac Journal of Tax Credits on June 7, 2018.
The 2017 Tax Cuts and Jobs Act (the “Act”) creates a new income tax deduction for individuals, trusts and estates that own pass-through businesses.
Welcome to the Coats Rose Wealth Presentation & Transfer Planning Newsletter, a resource for timely legal analysis of issues affecting personal wealth, estates and financial preservation. Our Wealth Preservation and Wealth Transfer Planning attorneys assist clients in planning and protecting their futures through designing trust and estate planning and administration strategies that are responsive to our clients’ needs, whatever their financial status.