TEXAS REAL ESTATE LAW – ASSET PROTECTION & ANONYMITY –
TEXAS & NEVADA SERIES LLC’s – LAND TRUSTS & LIVING TRUSTS
This website is a service of DAVID J. WILLIS ATTORNEY AND REAL ESTATE BROKER, a Texas law firm founded in 1980. Its purpose is to provide high-quality online legal services relating to Texas real estate law (residential and commercial) and business law with a focus on asset protection and investment structuring utilizing Texas and Nevada LLCs, land trusts, living trusts, and strategic planning. We provide documents and services to anyone buying, selling, leasing, or investing in residential or commercial real estate in Texas.
David J. Willis is a double board-certified Texas lawyer on the cutting edge of the intersection of real estate law and asset protection, particularly in his use of Series LLCs. The range of available services is reflected in our legal articles in the column to the left. These articles offer up-to-date analysis and guidance that could cost thousands at many law firms. We offer this information at no charge as our equivalent of a free consultation.
Our clients are investors and businesspersons from Singapore to San Antonio to Spain so we operate in multiple time zones. Accordingly, emails are given absolute priority over phone calls and are answered promptly.
UNIQUE ONLINE PROCESS
After three decades of maintaining a full-service office in Houston and a branch in Dallas, employing many staff and associate attorneys over the years, Mr. Willis now offers legal services primarily online, supplemented by phone as needed. Quality online services is undoubtedly the wave of the future but it may not be for everyone. In-office services are available on a limited basis at significantly greater expense. Our process:
We know of no one delivering quality legal services who is faster or more efficient.
(1) Please read the article pertaining to your legal issue to learn applicable law and then email your inquiry (200 words max) at Contact Us.
(2) We will promptly respond with preliminary comments (not a full consult), confirmation that we handle your type of case, and a fee quote. If you choose, a detailed paid consult, document preparation, or other legal service follows.
(3) Go to Make Payment and cover fees and costs. Afterward, email or fax us background documents relevant to your case. We will promptly set up your file and get to work.
(4) We then review your circumstances and discuss the case until legal advice and guidance are substantially complete. Transactional documents are usually delivered within 24 to 48 business hours. LLC formation documents are usually processed and sent to the Secretary of State the same day.
(5) Reasonable follow-up and document changes within the immediate time frame (one week) are included.
REAL ESTATE LAW PLUS ASSET PROTECTION
We form LLCs in Texas and Nevada (our preferred asset protection states) to achieve operational efficiency as well as liability protection, anonymity, deterrence of lawsuits, and insulation from judgments. We often recommend the new Series LLC which compartmentalizes assets and liabilities (into Series A, Series B, etc.) so the same company may safely hold multiple properties or businesses. To date, we have formed more Series LLCs than any other law firm in Texas. Read Asset Protection in Texas.
Many clients arrive with a dozen or more entities woven together in complex and confusing ways. We often reduce these structures down to two LLCs – a shell management company (either a traditional or Series LLC) that conducts daily business alongside a separate holding company (a Series LLC) that quietly owns assets. We utilize anonymity techniques whenever possible. For a compact outline, view three levels of asset protection as well as our asset protection diagram.
We have a limited inventory of established Texas and Nevada shelf companies that include our best anonymity and asset protection features. These premium LLCs are ready for immediate shipment.
Wraparounds, assumptions, "subject to" sales, owner financing, land trusts, options, and other creative transactions are a specialty of ours – even though availability of these devices is limited by 2005 changes to the Texas Property Code. We send documents to buyers, sellers, and investors all over Texas. Articles on these topics are found in the column to the left.
Living trusts avoid probate while preserving homestead protections and ad valorem tax status. A living trust (combined with a pour-over will) should be considered as part of most estate plans. We also offer a unique and creative method by which a living trust simultaneously controls an investor’s LLC. Read Living Trusts in Texas.
Asset protection includes removal of judgment liens from the homestead. This can be challenging but has been made easier by Property Code Sec. 52.0012(c) for liens abstracted after September 1, 2007. Read Lien Removal in Texas.
QUALIFICATIONS, ETHICS, AND CONFIDENTIALITY
30 years experience in Texas transactions and litigation
– Residential Real Estate Law, TBLS
– Commercial Real Estate Law, TBLS
for ethical standards and professional ability
Two law degrees (J.D. and LL.M.)
Former adjunct law professor
Texas real estate broker
Listed as one of Texas’ Top-Rated Lawyers by Law.com
Verify these credentials
Adherence to high ethical and performance standards is part of our firm philosophy. We subscribe to The Texas Lawyer’s Creed and the Code of Ethics of the National Association of Realtors. Our clients’ confidentiality is paramount. Even so, we are occasionally asked for a client list. This is never provided. We would no more reveal the identity of our clients than would a Swiss bank.
FEES AND COSTS
Generally, flat fees (plus costs) apply rather than hourly rates. We strive for transparency at Fees & Policies which apply to all clients in place of engagement letters or fee agreements. Entry-level services include:
Online Real Estate/Business Law Consult. $150 (residential) and $250 (commercial). We need to see your documentation to effectively advise you.
Online Asset Protection Review (APR). $250. The APR is an analysis of your circumstances with recommendations for a suitable asset protection structure.
Although we have internet presence and capability, this is not a discount law firm. No free attorney time is available.
ANNUAL DOCUMENT REVIEW (ADR)
Our documents are continually evolving and innovating. The ADR is offered for clients who have asked us to prepare documents in the prior year. It is strongly recommended. The purpose of the ADR is to (1) make sure that the client has the latest version of each document in the client’s package; and (2) in the case of LLCs, to prepare minutes for the annual meeting. Fees are $250.
COMPARISON TO OTHER ONLINE SOURCES
We are occasionally compared to Legalzoom, investor "guru" websites, or other online sources. We are not enthusiastic about this comparison since such sources often supply only basic forms that may not be prepared by attorneys or be Texas-specific. By contrast, this firm offers custom documents at a high level of expertise. We spend considerable time re-writing non-lawyer internet junk that has caused more harm than benefit to our clients.
LoneStarLandLaw serves real estate and business clients worldwide. Our principal office is in the Houston area. David J. Willis is a Texas real estate attorney serving Houston, The Woodlands, Dallas, Fort Worth, Austin, San Antonio, Midland, and El Paso. David J. Willis is also a Texas asset protection attorney for anyone who owns real estate or business interests in Texas and is considering forming a Texas Series LLC or a Nevada Series LLC as part of an asset protection or investment structuring plan.