Craig W. Watson, Attorney at Law Serving Sherman And Surrounding Texas
Estate Planning For Peace Of Mind
If you are a grandparent living in Texas and you want to leave something to your grandchildren in your estate plan, you might want to consider creating trust funds for them. There are a few advantages to doing this, including the ability to specify when distributions...
If you live in Texas and you are creating an estate plan, you might wonder about the difference in a will and a trust and whether you need both or just one of them. It is important to understand the function of each so that you can make an informed decision. What does...
Creating your estate plan in Texas doesn't need to be a hassle. This is a task that some can find tedious and contentious. But if you go through it with foresight and patience, it can be an easy and efficient experience. There are certain elements that are absolutely...
Devising a thorough estate plan that is valid under Texas law could cover many responsibilities and tasks. It is often suggested that even people of meager means should have an estate plan. Those with estates comprised of significant assets and personal net worth may...
As Texas residents get older, it’s important for them to ensure that their affairs are in order. While this conjures up thoughts of their eventual death, it’s a necessary step to protect their estate and loved ones. Here is what you should do. Create a will If you...
Medicare is the way that countless older Americans pay for a plethora of medical expenses: from doctor bills to medication copays. Bear in mind, though, that this type of coverage doesn't pay for all aspects of elder care. Texas seniors who live in assisted care...
Elder financial abuse targets older adults as victims of a scam. When a parent is in long-term care such as a nursing home, no one is there to defend them against scams. The federal consumer financial protection bureau's guide prevents elder financial abuse with...
Through a life estate, you can transfer property to someone who shares it with you now. Land and any of the developments on that land are legal assets to use for a life estate deed. If you own any real property, you risk public blowback should you transfer that...
A person's capabilities are prone to change during his or her lifetime. So in Texas, the law allows someone to step in and take care of the assets, needs and any other important aspects of the incapacitated person's life. If you are interested in conservatorship, here...
If assets such as a Texas home remain in your estate when you pass, they will be subject to probate if you have a will. If you don't have a will, they will likely be distributed per the state's intestacy laws. It's worth noting that intestacy laws might take effect if...
