Craig W. Watson, Attorney at Law Serving Sherman And Surrounding Texas
Estate Planning For Peace Of Mind
If you have already written an estate plan, you are ahead of the game. Most people have not. Simply by virtue of having an estate plan in place, you are more prepared than average. However, there is the risk of creating an estate plan and then neglecting it. Some...
If you don’t have an estate plan and you want to start one, you will probably begin by writing a will. In your will, you can name beneficiaries and the assets you want to leave to them. You could say that your first-born child gets the family home, for example, while...
If you have not yet made an estate plan then becoming a parent gives you an extra incentive to get it done. While you will already have your hands full with your newborn baby, creating an estate plan can help you ensure they will always be cared for. Things you might...
Estate administration is a long process that begins shortly after someone dies and ends after the distribution of their resources in accordance with their estate plan and/or Texas law. Often, the terms included in a will provide clear instructions about who should...
When people are responsible about their estate planning and don’t put it off until they’re well into their senior years or have serious medical issues, they know they will likely need to make some modifications as their lives and their families change. Certainly,...
Accepting that your parent(s) have aged and have health concerns and other needs that require professional care is not easy. Many adult children have reported feeling guilty. So, will you ever cope with this decision? Yes, you will with a few practical tips,...
You’ve put considerable planning, time and money into creating and growing your business. But if you don’t have a succession plan, your company may die when you leave. Planning for your departure is essential to securing your company’s legacy long after you are gone....
There are several legal documents you can add to your estate plan. Your main document is a will, which can instruct how your assets are distributed after you pass away. Another document that you can add is a trust. A trust is a legal arrangement that works similarly...
Inheritance is a topic often shrouded in secrecy and discomfort, but discussing this issue doesn’t have to be so tough. Suppose you’ve established strong bonds with your children; best believe, you can discuss any topic with them with the right approach. The reason...
Wills, trusts and powers of attorney are often thought of as legal tools that are only useful to elderly individuals. However, the truth is that estate planning can be useful for adults at every stage of life. In Texas, as soon as you turn 18 years old, you can draft...
