If you have spent a lifetime building up a successful business in Texas, you probably have an idea of what you expect to happen to that business when you die. Many people want their loved ones to continue to profit from the company they created without taking any concrete steps to ensure that happens.
A milestone in the creation of the 150 mile 2.3 billion dollar Integrated Pipeline Project (IPL) is about to be reached. After nearly four years of construction and 12 years since its initial proposal, the first 50 miles of this giant pipeline will begin operation. This is a huge initial step for the pipeline; which isn't expected to be completed in its entirety until 2035. The project was built in partnership with the city of Dallas, and will bring 150 million gallons of water the city. Getting to this point was neither easy nor inexpensive.
Nearly every business has a blog these days. Consumers are hungry for information, and Google's algorithms pretty much demand that websites keep producing new information if they want to stay on top of the search pile.
A year has passed and the Trans-Pecos Pipeline is affecting property owners, but isn't doing what it was designed for. The controversial pipeline has caused countless property disputes since its creation at hands of a Mexico backed plan to send gas from the Permian Basin south of the border. The fact that Mexico is not using any of the gas is only adding to their frustrations.
Landlocked property is property that does not have its own means to enter or exit without crossing someone else's property. This was the case for the Gordon's. When the Gordon's purchased the land in 1971 from the Bremser's they had a verbal agreement. They had access to their property from 2 separate roads. However, Mr. Bremser died and the new owner Mr. Demmon wasn't as neighborly. In fact, Mr. Demmon put up a locked gate denying Mr. Gordon access and forcing him to take him to court. The court did grant Mr. Gordon partial easement but not what he wanted. The bottom line is you have to put things in writing. In the old days, if you gave your word it was a binding contract. People die and take that contract with them to their grave. So, it is always best to have it in writing.
The Fredericksburg Relief Route Study is analyzing a proposed route to allow drivers to drive around the town instead of going through town to alleviate traffic congestion. They are having an open house to gather input from the public. If you are unable to attend you can also submit your input by phone: (512) 517-7251 - Email: [email protected] or mail
Good estate planning involves more than drafting a will, trust and other legal documents. People can also take steps with their various accounts to ensure that they're easily transferred to their designated beneficiaries upon their death (once the financial institution receives the death certificate). The beneficiary then becomes the owner of the account.
Commercial real estate developer KMS lost its recent battle with the City of Rowlett over the condemnation of a private drive built to allow access to its 9-Acre property sites. Tensions began to rise after KMS refused to come to terms on a deal to allow the creation of an easement between their private drive and a project being developed by neighboring land developers, Briarwood. The project in question, the building of a Sprouts Grocery Store; which had heavy investment from the City in the form of $225,000 worth of incentives. The amount would be guaranteed, provided that Briarwood could create access to the grocery store via the easement in question. The City had been attempting to draw in a high end grocery store project for nearly a decade. When KMS refused to sell, the city filed condemnation proceedings in order to acquire the land for the project themselves.