Craig W. Watson, Attorney at Law Serving Sherman And Surrounding Texas
Estate Planning For Peace Of Mind
If the thought of blessing others with your processions and money while you're still alive thrills you, Texas tax laws may work in your favor. If you wait until your death, your estate may have to pay up to 55% in government taxes, significantly reducing the amounts...
In Texas, families appoint an executor to their estate to manage their assets and final wishes. If that person is you, it might be considered an honor; however, probate and estate administration present challenges worthy of consideration before accepting the role. A...
Estate planning is a crucial part of any retirement plan in Texas. It involves deciding how your assets will be distributed after you pass away, and it can help ensure that your loved ones are taken care of while preserving your legacy. While estate planning may seem...
If you do not carefully plan for your Texas estate, your beneficiaries will have to pay high taxes on your life insurance policy. However, an irrevocable life insurance trust allows you to place your policy into a trust that pays out the policy to your beneficiaries...
Undue influence refers to a situation in which an individual manipulates or pressures another person into making decisions that are not in their best interests. For Texas families, it can be particularly concerning to have older members, who may be more vulnerable to...
Financial and legal planning is essential to preparing for the later years of life in Texas. One important step in this process is meeting with an elder law attorney, who can provide guidance and advice on various issues related to aging and long-term care. Preserving...
A trust account is a bank account set up expressly for the benefit of someone else. It can be used to hold money, property or other assets. The trustee, or person responsible for the account, has a legal responsibility to manage the budget according to the terms...
You may have heard of strategies to avoid probate, but you might not understand why it matters. Probate is a legal process in which the court determines if a will is valid and oversees its enforcement. Even if you nominate an executor, Texas law requires that all...
Talking about death is difficult no matter who you are, but if you have a loved one with developmental disabilities in Texas, that conversation may be even more difficult. However, if you are responsible for a family member with an intellectual disability, planning...
As people age, many find themselves isolated and living alone. Family members may live far away. Without a caring community around them, no one may notice that they are falling into a mental or physical decline. Unscrupulous predators may attempt to assume control of...
