Craig W. Watson, Attorney at Law Serving Sherman And Surrounding Texas
Texas allows you to assign a corporate fiduciary for your estate plan or trust. There are many reasons why you may decide a corporate fiduciary is best. You might not have a young, healthy and responsible person whom you can choose. Carefully weigh the pros and cons...
The probate and estate administration process is one that requires a great deal of attention to detail. These tasks can be difficult for an executor, but the probate trustee has the specific duty of ensuring that the process runs smoothly. They have certain critical...
Most Texas adults have some family members and some assets that are important to them. However, many people avoid the topic of estate planning because they don’t think it applies to them. Even if your financial portfolio is modest or uncomplicated, you should still do...
Estate planning in Texas can seem intimidating, especially since you won't be around to see how it all plays out. This is where establishing a trustee to manage your estate can give you some peace of mind. Trustees will act in your best interest to carry out your...
Imagine someone knocking on the door of an elderly person's house and informing them they have been appointed a guardian by the court. Imagine the fear and confusion that older individuals may feel after hearing this news. While this may sound like something from a...
Estate planning is important for everyone in Texas, regardless of the size of your estate. The basic goal of any estate plan is to dictate how you would like your assets to be handled should you pass away or become incapacitated. With careful planning, you can also do...
If a person doesn't leave a will before they pass away in Sherman, Texas, the courts decide the fate of their assets. An effective estate plan prevents this from happening and helps ensure that assets transfer smoothly to heirs. Two tools that a person can use to...
When you're part of a big Texas family, making every child feel equally loved is probably important to you. While you're creating your estate plan, it might make sense for you to leave each child an equal portion of your estate. However, dividing your estate between...
Many middle-class Texas residents face a conundrum as they get older: they don't have enough money to pay for long-term care insurance, but they have too much income to qualify for Medicaid. How will they pay for long-term care expenses? One way to do it is to create...
Many Texas seniors may expect to need long-term care in the future. Nursing homes can be very expensive, ranging in price from $75,000 to $150,000 or more per year. Unlike other forms of primary medical care for seniors, Medicare does not provide coverage for...
