Craig W. Watson, Attorney at Law Serving Sherman And Surrounding Texas
Estate Planning For Peace Of Mind
An executor serves as the decedent's personal representative during probate. A testator names an executor when writing a will, and as long as the will is valid under Texas law, the named person may serve as a legitimate representative once approved by the court. In...
Beneficiary designations may make it easier to transfer bank accounts, retirement accounts and other assets without the need for probate. This is because ownership of such items automatically transfers to the beneficiary without the need to seek a Texas probate...
One of the most important things Texans can do is plan for the future. If you establish a trust to hold assets for your future heirs as part of your estate plan, there are certain things to consider when choosing a trustee to oversee it. They have the time to manage...
When preparing estate documents, many people are primarily concerned with how they will distribute assets to heirs following their death. However, Texas residents should also be aware of the difference between tangible and intangible assets, as questions may arise...
One would think that a Texas court would honor all of their wishes in their will, but that's not necessarily the case. Certain stipulations aren't valid in a will, but there's usually a way to make those desires valid. Probate There isn't a way to prevent your will...
Many Texas residents will set up their estate plan in a way to avoid probate as much as possible. The probate process can be tedious and intimidating at the best of times, especially after the death of a loved one. Unfortunately, certain circumstances can make...
Texas parents feel a lot of excitement and nerves as they prepare to welcome a child into their lives. With all of the excitement comes some important but not-so-fun steps though – including planning for the worst. Some parents consider it bad luck to estate plan...
A blended family will bring unique challenges to your estate plans. Given that Texas doesn't have probate laws that dictate how your assets should be handled or distributed if you have stepchildren or remarried, it is in your best interest and that of your family to...
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...
