Craig W. Watson, Attorney at Law Serving Sherman And Surrounding Texas
Estate Planning For Peace Of Mind
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...
As previously discussed in this Texas estate planning blog, many individuals do not have estate plans in place. An estate plan is a set of legal documents that outlines a person’s testamentary wishes regarding their care and the distribution of their assets when they...
Some Texas residents who are planning their estates fail to consider their digital assets. However, over the past 25 years, most people have established substantial online footprints, consisting of things like blog posts, social media posts, business documents stored...
It can be extremely hard to watch the health of someone you care about decline to a point at which even the basic functions of life become difficult. It might be your elderly grandparent or parent, or it may be a relative with special needs. In any of these types of...
