Craig W. Watson, Attorney at Law Serving Sherman And Surrounding Texas
Estate Planning For Peace Of Mind
When people are responsible about their estate planning and don’t put it off until they’re well into their senior years or have serious medical issues, they know they will likely need to make some modifications as their lives and their families change. Certainly,...
Accepting that your parent(s) have aged and have health concerns and other needs that require professional care is not easy. Many adult children have reported feeling guilty. So, will you ever cope with this decision? Yes, you will with a few practical tips,...
You’ve put considerable planning, time and money into creating and growing your business. But if you don’t have a succession plan, your company may die when you leave. Planning for your departure is essential to securing your company’s legacy long after you are gone....
There are several legal documents you can add to your estate plan. Your main document is a will, which can instruct how your assets are distributed after you pass away. Another document that you can add is a trust. A trust is a legal arrangement that works similarly...
Inheritance is a topic often shrouded in secrecy and discomfort, but discussing this issue doesn’t have to be so tough. Suppose you’ve established strong bonds with your children; best believe, you can discuss any topic with them with the right approach. The reason...
Wills, trusts and powers of attorney are often thought of as legal tools that are only useful to elderly individuals. However, the truth is that estate planning can be useful for adults at every stage of life. In Texas, as soon as you turn 18 years old, you can draft...
Medicaid is a government program that provides financial assistance to elderly people with limited resources to help them pay for medical expenses. When seniors apply for the program, Medicaid conducts a five-year lookback assessment. Applicants must meet strict...
One tool that you can use when making your estate plan is known as a payable on death account. Technically, this does not have to be included in the rest of your planning. Instead, you just need to fill out the proper beneficiary designations at the bank or other...
Estate planning is not something you should take lightly. Mistakes can render ineffective the careful plans you have made for your estate after your death, putting your legacy at risk. This may also lead to confusion and disputes among your loved ones, which is not...
If you are a millennial, also known as a member of Gen Y, chances are you don't have a will. However, that is essential for all Texas residents as they age. Yet, responsibilities, including taking care of aging parents, have led some individuals in this age group to...
