Craig W. Watson, Attorney at Law Serving Sherman And Surrounding Texas
Estate Planning For Peace Of Mind
Most people get some time off work over Christmas and the New Year. If you have not yet made an estate plan, you could use some of this time to start thinking about yours. Then, once the holidays are over, you can get help to put it all in writing. Here are a few...
People often associate estate planning with middle age or retirement. It is obviously important for those who have become financially secure or responsible for other people to have plans in place in case of a tragedy. However, even those who expect to have decades of...
Irrevocable trusts are among the most powerful estate planning tools in use today. Done right, they offer significant tax advantages, protection from creditors and asset control that can extend beyond the grantor’s lifetime. By their nature, irrevocable trusts are not...
Entering a new phase of life often involves adjustments and important decisions. For individuals transitioning to nursing home care, concerns about property and belongings are understandable. Still, it is crucial to understand that nursing home living does not...
When we commit our elderly loved ones to nursing homes, we do so in the hope that they can receive the care and support they need to improve their quality of life. However, there might be times when they need restraints to prevent them from harming themselves or...
When considering medical decisions in your estate plan, you have two documents you may want to use. First, you may consider using a power of attorney. Second, you may be thinking about using a living will. Both of these documents can be beneficial, but they do operate...
Many adults do not have any estate plan whatsoever. Those who do often have basic wills and no other documents. However, integrating additional legal instruments into an estate plan can be a beneficial decision. Estate plans can provide guidance to family members and...
Taking on the role of an executor means you are entrusted with the crucial task of ensuring that the deceased’s final wishes are respected and their estate is managed appropriately. Your responsibilities include settling debts, distributing assets, addressing tax...
When a loved one passes away, there are a lot of things that have to be managed. One thing that may not even occur to you is trying to protect your loved one’s identity from being stolen. “Ghosting,” or post-death identity theft, is far more common than most people...
If you have already written an estate plan, you are ahead of the game. Most people have not. Simply by virtue of having an estate plan in place, you are more prepared than average. However, there is the risk of creating an estate plan and then neglecting it. Some...
