From the blog

How is a Closely-Held Business Valued in a Texas Divorce?

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If you or your spouse own a closely-held business, there is a strong chance that the business will play a central role in your divorce. Like all assets that are acquired or that appreciate in value during a marriage, the ownership interests in a closely-held business can qualify as “community property,” and this means that […]

New Registration Requirements for Texas Guardians After June 1, 2018

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Texas Senate Bill 1096, passed during the 85th Legislature, Regular Session, affects the appointment of Texas Guardians. If you are applying for Texas Guardianship you should be aware of the following registration requirements. These requirements should be met at least ten days before your scheduled hearing on the Application for Guardianship. These requirements as set forth […]

No Frills Divorce Program Plan

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Get to Know Us The Wright Firm, LLP offers access to justice through fixed-fee legal service options for Texas divorce cases with our No Frills Divorce Program. The Wright Firm, LLP is a full-service law firm with offices in Dallas, Denton, Frisco and Lewisville, Texas. However, divorce, child custody, and family law have always been a […]

What to Do if You are in an 18-Wheeler Accident

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The car comes to a sudden halt. The passenger compartment fills with smoke and senses suddenly come back online. Is everyone OK? What’s Next? An accident often involves loss of time, time off from work, dealing with an insurance company, loss of a favorite vehicle, the headache of a rental car and unfortunately at times […]

Probate and Non-Probate Assets

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Not all assets are subject to probate in Texas. Simply stated there are probate assets and non-probate assets. The Probate Asset The Probate Asset is an asset that is governed by the terms of a Will. This type of asset will pass through probate. It may also be subject to creditor claims and expenses of […]

2018 Change in Tax Withholding Tables

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Most Americans realized that a tax act was passed in 2017 that impacted the 2018 tax year (i.e. tax returns that will be filed in 2019). Note, your 2017 tax return will not be affected. On January 11, 2018, the IRS issued Notice 1036 which updated income tax withholding tables. Did Your Paycheck Change in February 2018? The new update […]

Estate Planning in Texas

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Death and money are two topics that most families would rather not talk about, but it is important for the long-term welfare and well-being of heirs to an estate that an estate plan is put into place. Importance of an Estate Plan Without an estate plan, one’s heirs will be left to wait for years […]

The Texas Small Estate Affidavit

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The Texas Small Estate Affidavit is a useful tool to settle estates in Texas. However, its use is often misunderstood and the affidavits are frequently rejected by courts because they fail to comply with the statutory requirements of Texas Estates Code Section 205. Thus, it is advised to always use a licensed Texas Estate Planning […]

Should You Be Making Estimated Tax Payments?

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Taxes must be paid on income you earn or receive during the year, either through withholding or estimated tax payments. Note, you may be required to make both federal and state estimated tax payments. The following discussion centers around federal tax law; a separate analysis would have to be conducted for each state in which […]

The Effect of Bankruptcy on Divorce

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By Monica Peters The Wright Firm, L.L.P. It is said that the most common cause of marital discord is financial stress. It should be no surprise then that frequently during the divorce process, one or both parties consider filing for bankruptcy. Before deciding if and when one will seek relief under the federal Bankruptcy Code, […]