Tax Law

Last Minute Tax Strategy – Doing Good and Saving on Taxes!

If you are like me, you find the holiday season to be a busy time. Interspersed between buying Christmas gifts, receiving Christmas gifts, and spending time with family and friends, I find myself making last minute donations to my favorite charities. Here is a neat little trick – avoid capital gains taxes by giving stock

By |2021-03-25T17:52:22-05:00December 22nd, 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|

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|
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