Wilhelm Law

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So far Wilhelm Law has created 37 blog entries.

CHOOSING YOUR WILL “DRAFTER” CAREFULLY.

SPOILER ALERT: Most lawyers can draft a will. The requirements for a valid will are written in a statute and there are a lot of “forms” out there. As a matter of fact, you can draft your own will – just go to LEGALZOOM. AND NOW FOR A LITTLE GALLOWS HUMOR: If you draft your

By |2021-03-25T15:21:19-05:00September 24th, 2020|

SHOULD I CREATE A TRUST TO OWN MY REAL ESTATE INTERESTS – OR IS A LIMITED LIABILITY COMPANY BETTER?

For Those with Real Estate Holdings Earlier this week I wrote a blog on the advisability of placing real estate holdings in a trust. That led me to review the relative strengths of real estate being owned by a trust as opposed to a limited liability company. A STRAIGHT UP COMPARISON Trusts are established pursuant

By |2021-03-25T15:21:26-05:00September 18th, 2020|

Should I create a Trust? For Those with Real Estate Holdings

There are many types of trusts: revocable and irrevocable; living trust and testamentary trusts; special needs trusts; and the list goes on and on. This blog is not meant to be an exhaustive analysis of trusts. Rather, it is intended for the individual with real estate holdings in addition to his or her personal residence

By |2020-09-16T22:40:00-05:00September 16th, 2020|

THE SAFEST LAW FIRM IN CENTRAL TEXAS.

As our clients know, our focus is always on our clients. Our offices are “ultra” private and “ultra” accessible. Additionally, we are a “paperless” office with the ability to work anywhere in the world (we actually confirmed that by working in Italy last fall). Indeed, we were made for this “Covid-19” moment. But importantly, you

By |2020-08-05T22:32:03-05:00August 5th, 2020|

What to do when your oil and gas operator goes bankrupt

In case you haven't noticed, the price of oil has tanked. As the price of WTI continues to hover under $40, things are probably going to get worse before they get better. So what happens when royalty owners, working interest owners, and overriding royalty owners receive notice that their operator has gone bankrupt and how

By |2020-06-01T22:29:04-05:00June 1st, 2020|

Receivership Oil and Gas Leases and the Case of “Ill-Advised Oil Company”

This is a special blog due to an experience I recently had over an oil and gas receivership lease. TEX. CIV. PRAC. & REM. CODE §64.091 et seq. provides a method whereby oil companies, who are unable to locate missing mineral estate owners and their heirs, may obtain a “receivership lease” from the missing mineral

By |2020-05-27T22:16:35-05:00May 27th, 2020|

HOW TO SPOT REAL NEWS AND FAKE NEWS

In case you have not heard, things are bad! The world faces a pandemic, the bottom has fallen out of the stock market, and the price of oil is headed to zero. Whenever you read, “shelter in place” – assume things are not going well. One option of course is to simply “panic.” Follow all

By |2021-03-25T15:25:40-05:00March 20th, 2020|

ACQUISITION OF OIL & GAS PROPERTIES: Make those Indemnity Provisions (CONSPICUOUS)

Well, the price of oil is up a "bit" today. Here is a good reminder when drafting those "nasty" indemnity clauses: In every purchase and sale agreement, there is an indemnity clause. Indemnity clauses, which appear in many, many contracts and many, many types of contracts, are drafted to relieve one party to the contract

By |2021-03-25T15:26:12-05:00March 20th, 2020|

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