Craig W. Watson, Attorney at Law Serving Sherman And Surrounding Texas
Estate Planning For Peace Of Mind
One critical aspect of end-of-life planning that many families overlook is the necessity of having advanced directives in place. These legally binding documents provide guidance and clarity for medical decisions when an individual becomes unable to communicate their...
An executor plays a crucial part in an estate plan - they ensure the testator's wishes are fulfilled. For this reason, you should choose a reliable executor for your plan. However, in the future, you may need to change them. Here are four reasons that may call for...
Selecting an attorney-in-fact, also known as a power of attorney, is a significant decision Texas residents must make. It involves entrusting someone with the authority to act on their behalf in legal, financial or personal matters. Whether you designate a loved one,...
It can be difficult for elderly people to move into a nursing home or other care facility. They may be very resistant to the idea. It is often up to their adult children to decide when it’s time to make this move. But that doesn’t mean that it’s easy for these...
When you are trying to protect your loved one's well-being and rights, there may be times when a guardian must oversee their matters. However, you also realize the importance of preserving their independence as much as possible. Knowing the differences between full...
One of the biggest goals of estate planning is helping to create generational wealth. The assets you build today have the potential to benefit your children – and even your grandchildren – far into the future. However, that means thinking ahead and anticipating...
Estate tax is a controversial issue in Texas. There are certain methods you can use in order to minimize your contributions. Employing them will help you pass on a larger portion of your assets to your heirs. Create a family limited partnership Estate planning can...
There are rules and regulations that cover how creditors are paid from an estate in Texas. You must be familiar with them if you have been named as an executor. It will be up to you to follow all of them so that no issues arise. The goal will be to pay as many...
Taking the time to put together a will is a major step. The will is a legal tool that will guide loved ones in the event of death, helping them as they navigate the legalities that come with transferring an estate. It will provide the instructions for who gets what...
In Texas, creating a living trust as part of your estate plan can simplify your financial matters after your passing, easing some of the burden for your family and loved ones. A living trust also provides peace of mind that the trustee will fulfill your wishes....
