Craig W. Watson, Attorney at Law Serving Sherman And Surrounding Texas
Estate Planning For Peace Of Mind
Financial and legal planning is essential to preparing for the later years of life in Texas. One important step in this process is meeting with an elder law attorney, who can provide guidance and advice on various issues related to aging and long-term care. Preserving...
A trust account is a bank account set up expressly for the benefit of someone else. It can be used to hold money, property or other assets. The trustee, or person responsible for the account, has a legal responsibility to manage the budget according to the terms...
You may have heard of strategies to avoid probate, but you might not understand why it matters. Probate is a legal process in which the court determines if a will is valid and oversees its enforcement. Even if you nominate an executor, Texas law requires that all...
Talking about death is difficult no matter who you are, but if you have a loved one with developmental disabilities in Texas, that conversation may be even more difficult. However, if you are responsible for a family member with an intellectual disability, planning...
As people age, many find themselves isolated and living alone. Family members may live far away. Without a caring community around them, no one may notice that they are falling into a mental or physical decline. Unscrupulous predators may attempt to assume control of...
Appointing someone as an agent under a power of attorney gives that person tremendous responsibilities and authority under Texas law. One power of attorney document could list someone in charge of financial decisions, and another POA document could establish someone...
When someone dies, tensions often run high. Never underestimate the importance of the emotional component of splitting up assets in your will. Sibling rivalry can run high, and splitting up assets with blended families can be even more difficult. Planning early and...
Being chosen as the executor of a person’s estate often feels like an honor in Texas. Yet, ensuring that the individual’s affairs are handled according to their wishes is often a thankless role that carries with it a fair amount of risk and responsibility. Personal...
It's never easy to talk about estate planning with your parents. However, having this conversation can bring peace of mind to everyone in your family. It may also prevent future conflict between family members. Get a suitable location and time Usually, the best place...
If you were to become incapacitated and no longer able to care for yourself or your property, who would be in control of your healthcare decisions or your property? If incapacity planning is not included in your estate plan, you will give the power to make those...
