Craig W. Watson, Attorney at Law Serving Sherman And Surrounding Texas
Estate Planning For Peace Of Mind
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...
In Texas, you have the right to transfer your assets to your family members or beneficiaries when you pass away. However, the state and the federal governments will impose taxes on the property you leave behind, ultimately reducing your beneficiaries' amount. Take a...
A guardianship, also known as a conservatorship, lets you legally act on behalf of a person who is otherwise unable to make legal decisions for themselves. Guardianships are usually reserved for minors and anyone who is mentally incapacitated. How do you appoint a...
Estate planning can be a difficult topic, not because the issues that are discussed during the process are challenging, but because few people want to contemplate the ends of their lives. Estate planning provides instructions about a person's wishes for the...
At some point in their lives, nearly everyone reaches a point where their age makes getting help both appreciated and necessary. When that time is approaching you, it’s important that you understand the different options you have. There are many and they offer...
It's important to write down your wishes in the event you suddenly become incapacitated due to injury or illness. Incapacity plans are not one document but a mixture of several strategies. You can expect incapacity plans to contain several components in Texas. What is...
