Craig W. Watson, Attorney at Law Serving Sherman And Surrounding Texas
Estate Planning For Peace Of Mind
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...
If you don’t have an estate plan and you want to start one, you will probably begin by writing a will. In your will, you can name beneficiaries and the assets you want to leave to them. You could say that your first-born child gets the family home, for example, while...
If you have not yet made an estate plan then becoming a parent gives you an extra incentive to get it done. While you will already have your hands full with your newborn baby, creating an estate plan can help you ensure they will always be cared for. Things you might...
