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Local Attorneys – Gonzales, Caldwell, Fayette, and Lavaca Counties

Local Attorneys – Gonzales, Caldwell, Fayette, and Lavaca Counties

If you are in search of a local South Texas attorney with experience and integrity, please contact us. Our firm consists of four experienced attorneys whose practice includes civil litigation, criminal defense, business transactions and business formation, family law, estate and tax planning, wills, and probate. We offer free initial consults to qualify your legal matter and will inform you of all your legal options so you can make an informed decision about how to proceed with your legal matter. Stemming from the local community, each attorney has roots in Caldwell, Lavaca and Gonzales counties, but cover cases and represent clients from all surrounding counties including Travis, Comal, Guadalupe, and many more. Even if you cannot travel to our office, our attorneys and staff are willing and equipped to advise you via telephone or travel to meet you at a point convenient to you. We appreciate our clients and work with integrity to give our clients the best representation possible.

Where we are located.

417 Saint George

Gonzales, Texas 78629

830-672-8773, Monday – Friday 8 AM – 5 PM

What is Estate Planning?

Estate planning can be many things.  Most commonly, we use the term to describe the actions take to make certain that our client’s families are well provided for in the future.  However, estate planning is necessary and essential for affluent families who have a large legacy (real estate, oil & gas royalties, investment accounts).  There are strategies to saving the client tax dollars and maximizing the value of the assets they leave behind.

Basic estate planning using credit-shelter trusts, traditional life insurance and the like is far from complicated, and for many clients, it’s all they need.  It is quite possible to zero out almost all estate taxes in some cases, but that requires giving up control over selected assets, which most clients are uncomfortable with doing.  It is important for attorneys to remember that the goal is to transfer wealth in accordance with a client’s wishes, and sometimes those wishes trump saving some tax dollars.  The overall goal is not only to mitigate and minimize taxes, but to maximize the value of the estate passing to the beneficiaries in accordance with the client’s desires. If a client needs a more robust approach, like creating a Family Limited Partnership, assistance with charitable trust drafting and the works, attorneys can call in the assistance of tax consultants to make sure to minimize the tax penalties.

If you are in need of some estate planning advice, or you just need a place to start, call us for a consultation.

DISCLAIMER

Information in this article is provided for general informational and educational purposes only. In no form or fashion is this article offered as legal advice upon which anyone may rely. If you need legal counsel regarding your individual needs and circumstances, please contact an attorney for advice. This law firm does not represent you unless you have agreed to representation in writing by visiting our office in Gonzales, Texas.

Copyright ©2014 by Angela M. Shimek Valis, all rights reserved.

Should I Have a Will?

Do you need a will? The short answer is “no”. If you die intestate (without a will), your heirs will inherit your property, according to Texas statutes for intestate distribution. For example, surviving spouses inherit their deceased spouses’ community property. But what if your deceased spouse owned separate property? Well, under Texas law, the distribution may be different than that of community property, depending on the makeup of the family. Do you know for sure who gets what after you die? If not, maybe you need a will.

You could research Texas’ laws on intestate distribution and try to figure out who might get what after you die, but why not spend that precious energy on something more productive and proactive? Why not put down on paper exactly who should get what? Not sure where to start? Then it’s time to see a professional. That professional is your local estate planning attorney.

An attorney can walk you through the process of estate planning, from simple to robust estates, from “leave it all to Jimmy” to a detailed list of specific bequests. An estate planning attorney can ask questions and lend advice based on your answers. An estate planning attorney can answer your questions about how to best protect your assets from taxes, who would be a good candidate to be in charge of your estate, and whether or not you need to set up a trust. An estate plan can give you peace of mind and provide clear instruction to those you leave behind. When your wishes are in writing, your family does not have to guess (or fight) about what you would have wanted (or what they want). It is spelled out in black and white for all prosperity.

If you have not thought about drafting a will, now’s the time. So think about it. Do you need a will? If you think you do, contact us at 830-672-8773 to set up your free initial consult.

DISCLAIMER

Information in this article is provided for general informational and educational purposes only. In no form or fashion is this article offered as legal advice upon which anyone may rely. If you need legal counsel regarding your individual needs and circumstances, please contact an attorney for advice. This law firm does not represent you unless you have agreed to representation in writing by visiting our office in Gonzales, Texas.

Copyright ©2014 by Angela M. Shimek Valis, all rights reserved.

Happy Thanksgiving

Happy Thanksgiving

Reese, Escobar, Valis & Symms, LLP is proud to be your hometown law firm.  We are thankful for our clients and the opportunity to help improve the lives of people of our community.  Happy Thanksgiving!

Free Estate Planning Seminar

Need help writing your Will? Have estate planning questions?

Last Will & Testament

Reese, Escobar, Valis & Symms, LLP will be presenting a free seminar to give you the answers you need. This seminar will leave you informed on the process of estate planning, including writing a will and strategies to avoid estate taxes.  Questions are welcomed in a group discussion format and privately by follow-up appointment after the seminar.  Coffee and snacks provided. Please RSVP – space is limited.  830-672-8773.

TUESDAY, SEPTEMBER 23, 2014, 5:30 – 6:30 pm

417 St. George, 2nd Floor Gonzales, Texas 78629

Please RSVP – space is limited.  830-672-8773.

RSVP online by email to Angela@revslaw.com

PRINT/VIEW this page here:  REVS Law Estate Planning Seminar

 

Reese & Escobar, LLP Expands Practice

Reese & Escobar, LLP Expands Practice

Noel H. Reese and Eduardo X. Escobar, partners of Reese & Escobar, LLP, are pleased to announce that they have been joined in their practice by two great lawyers, Angela Shimek  Valis and Mark Symms.  The firm will now be known as Reese, Escobar, Valis & Symms, LLP.  They are also excited to announce their new location at 417 St. George on the Confederate Square in historic downtown Gonzales.

Reese, Escobar, Valis & Symms, LLP is a full service law firm committed to providing the best results for their clients.  The firm handles both trial and transactional work.  Trial practice includes criminal defense, family law, personal injury law, and civil litigation.  Transactional practice includes wills and estate planning, oil & gas, probate, real estate and business organizations.  The firm serves clients throughout South Central Texas from San Antonio to Austin to Victoria and all of the counties between them.

Mr. Reese is a Native Gonzalian who has been practicing law for close to 20 years.  He has won numerous criminal jury trials and obtained many favorable outcomes for his clients.  He has also won major civil cases as well as assisted with the successful resolution of personal injury and wrongful death cases.  Furthermore, he is a compassionate family law lawyer as well.

Mr. Escobar, is from Alice, Texas, but he has been practicing law with Mr. Reese in Gonzales for over 10 years.  He has extensive experience in criminal law, family law, and municipal law.  He has won many criminal cases and he is a compassionate family law lawyer.

Mrs. Valis is from Shiner, Texas.  She joined the firm in 2012 after getting her start as a probate and oil & gas attorney in  Midland-Odessa.  She helps local landowners negotiate  oil & gas leases and has experience in title  review, research and opinions for both landowners and oil and gas companies. She is also savvy with the interplay of oil and gas assets and estate planning, as well as wills, probate, real estate and business transactions.

Mr. Symms relocated from Houston to Luling several years ago to give his family the many benefits of small town life.  He is an active trial and transactional lawyer.  He recently won a major criminal trial in Gonzales County.  In addition to representing clients in civil litigation, he routinely helps clients with oil and gas matters, probate matters, and estate planning as well.

If you or one of your family members are looking for hard working, compassionate attorneys who put their clients first, please stop by 417 Saint George, Gonzales, Texas 78629 or call us today at 830-672-8773 to see how we can help you.

How to Calculate Your Royalty Interest

How to Calculate Your Royalty Interest

Mineral Owners who want to calculate their royalty interest need to first determine their Net Revenue Interest (NRI).

To calculate your NRI:

1)  Determine the mineral ownership in the spacing unit where the well is located.  The mineral ownership is calculated by dividing the number of acres owned by the mineral owner that have been included in the unit by the total number of acres in the unit.  For example, where 10 acres of a mineral owner’s minerals have been included in a 640-acre unit, then the mineral ownership would be 10/640 or 0.015625.

2)  Multiply the decimal from Step 1 by the mineral owner’s royalty rate as set out in the oil and gas lease.  For example, if the mineral owner is entitled to a 3/16th royalty, then they are entitled to 0.1875 (royalty decimal).  Multiply the royalty decimal by the mineral owner’s interest in the unit (0.015625 as calculated in Step 1). In this example, the mineral owner’s NRI is 0.1875 x 0.015625 = 0.00292969.

Now that the mineral owner knows what their NRI is, you can find out how much money you are entitled to.  So, next:

3)  Multiply the NRI as calculated in Step 2 by the total revenue produced by the well.  For example, if a well produced oil that was sold for $5,000, then the mineral owner would be entitled to $5,000 x 0.00292969 = $14.65.  Please note that production sales are usually reported to mineral owners on a monthly basis, and that any money that a mineral owner is entitled to will be less the mineral owner’s share of taxes and operating expenses chargeable to the mineral owner pursuant to the lease.

DISCLAIMER
Information in this article is provided for general informational and educational purposes only.  In no form or fashion is this article offered as legal advice upon which anyone may rely. If you need legal counsel regarding your individual needs and circumstances, please contact an attorney for advice.  This law firm does not represent you unless you have agreed to representation in writing by visiting our office in Gonzales, Texas.

Copyright ©2014 by Reese, Escobar, Valis & Symms, LLP, all rights reserved. 

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