Craig W. Watson, Attorney at Law Serving Sherman And Surrounding Texas
Estate Planning For Peace Of Mind
Building a family for the first time often comes with juggling new responsibilities, from caring for young children to managing a household budget. During this busy stage of life, long-term planning can feel like the last thing on your mind. Estate planning, however,...
Creating a will is more than just noting down what you want to happen to your assets when you’re gone. It’s also about protecting your legacy and securing your loved ones’ financial future. As such, your will should be structured to withstand legal scrutiny and...
Some personal representatives or executors have a very simple process ahead of them. The deceased individual created a thorough estate plan that identifies their chosen beneficiaries. They provided the names of the people who should inherit their assets. Other times,...
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 But if you then forget about it or neglect it, it could be very outdated when your family finally puts it to use.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...
