Texas Instruments decides to stop Houston plant operations

Posted on January 24th, 2012 No Comments

The Houston estate planning lawyers of Garg & Associates have learned that after a 68 percent decline in profits in the fourth quarter, Texas Instruments has decided to stop their operations at two plants. One of those plants is the Houston plant, which has been in operation for more than 40 years.

This decision also affects roughly 1,000 employees, who will be out of jobs as well. These changes in the company will allow Texas Instruments to save more than $100 million on a yearly basis. All of the production at these two plants will be shifted to other plants throughout the world.

After news of the closings became public, the shares of stock in the company rose by 3 percent, or $1.11. The plant closings will go into effect immediately and will be carried out within the next 18 months. To learn more about local Houston news, please visit the Houston Chronicle today.

What to avoid when writing a will

Posted on January 19th, 2012 No Comments

A will is an important document to have drawn up while you are still living in order to prepare for life after your death. If someone is unsure of how they want to distribute their assets or who their possessions should go to, it is necessary to have professional help. Without professional opinions, common mistakes could be made when writing a will.

These mistakes could include:

  • Leaving out assets
  • Dismissing mandatory fees and taxes
  • Not naming all guardians
  • Forgetting minute details such as; date and witnesses
  • Vague description of possessions

Although these mistakes would not be made on purpose, they do have several consequences associated with them. After your death, your family will, unfortunately, have to go through a long probate process in order to even receive items listed in your will.

If you need assistance constructing your will, please contact the Houston estate planning lawyers of Garg & Associates, P.C. by calling 281-362-2865 today.

Large storms lead to power outages in Houston

Posted on January 9th, 2012 No Comments

The Houston estate planning lawyers of Garg & Associates, P.C. have just learned about numerous power outages across the city of Houston.

The outages come after large storms hit Houston on Monday. These storms left large amounts of hail and rain in their wake. Tornado warnings were issued early on Monday but have since been lifted. Five campuses that are part of the Houston Independent School District have also lost power.

Several streets in the city are already flooded. The city is preparing for flood-related evacuations because the rain is expected to continue.

To see where the power outages have occurred, visit USA Today.

Estate planning should be New Year’s resolution for many

Posted on January 5th, 2012 No Comments

The $5,000,000 federal exemption directly relating to estate planning will come to an end in 2012. This exemption will be changed back to it’s original amount of $1,000,000.

It is important to include estate planning on your list of resolutions for the new year. Many had hoped that there would be an extended timeline on this exemption, but currently that doesn’t seem to be the case. In 2012, try focusing your efforts on the basic tools needed in estate planning and outline a plan that can easily be accomplished.

In the new year, take the time to create a living will. Living wills will document what you believe should happen to you in the case of a medical emergency. A will should also be developed, if it hasn’t already. You are able to determine how your assets will be distributed, and to whom, after you are gone. If you have already completed these tasks, then spend some time in 2012 revising their details and refreshing them if necessary.

If you have any questions regarding estate planning, please contact the Houston estate planning lawyers of Garg & Associates, P.C. by calling 281-362-2865 today.

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Garg & Associates, PC | 21 Waterway Avenue, Suite 300 | The Woodlands, Texas 77380 Please call 281-362-2865 | Fax: 866-743-4506
Serving The Woodlands, Spring, Houston, Conroe, Kingwood, Tomball, Cypress, Huntsville, Cleveland, Stafford, Montgomery County, Harris County, West Oaks, Memorial, Sugar
Land, River Oaks, Alief, Stafford, Missouri City, and Southwest Houston Texas.