Craig W. Watson, Attorney at Law Serving Sherman And Surrounding Texas
Estate Planning For Peace Of Mind
It is important to remember to update your estate plan. Drafting one is a crucial first step. But if you then forget about it or neglect it, it could be very outdated when your family finally puts it to use. There are a few different ways that you can address updating...
Many older adults eventually rely on others for daily support. Their health and cognitive capabilities may decline with age, leaving them reliant on professionals or family members to manage their finances, meet their daily needs and make major medical decisions....
Many people wait to start estate planning until they are close to retirement age or facing major medical challenges. However, some people begin estate planning not for their own needs but out of concern for their loved ones. Parents who have just added children to...
As people start thinking about retirement, they need to consider the possibility of age-related decline. People experience physical limitations. They may also decline cognitively due to age or medical challenges. Many older adults want to age in place. Their goal is...
Adult guardianship involves one person assuming authority over the finances and daily life of another. Typically, guardianship petitions require proof that an adult is incapable of consistently acting in their own best interests. Medical evidence and testimony often...
Taxes are among the financial obligations people must address during the probate process. Certain tax obligations require payment using estate resources. If an estate is large enough for estate taxes to apply, then the personal representative or executor should retain...
Public notaries hold a degree of authority. They undergo a background check to prove they have no felony convictions or convictions related to crimes of moral turpitude. They must pay a fee to the state and obtain a notary surety bond from a business to have the...
A will is a testamentary instrument. It details an individual's wishes regarding their estate. Adults in a variety of different circumstances may find that drafting a will not only gives them peace of mind but also protects the people that they love. The exact...
Creating an estate plan requires careful thought. One thing that you have to decide is who is going to get which assets after you pass away. Once you decide that, you’re going to have to figure out the best way to relay your wishes in a legally enforceable manner. One...
The majority of adults in the United States have some form of debt. This can be because they needed extensive medical care, got a mortgage to buy a home, took out a loan for a car or made purchases on a credit card. One question that some people don’t think of is what...
