3 Asset Protection Tips You Can Use Now
Wed 5 Jun, by FritzLaw on Estate Planning
A common misconception is that only wealthy families and people in high risk professions need to have an asset protection plan. But in reality, anyone can be sued. A car accident, foreclosure, unpaid medical bills, or an injured tenant can result in a monetary judgment that will decimate your finances. What Exactly Is Asset Protection Planning? Asset protection planning is the use of legal structures and strategies to safeguard property that creditors might snatch away, …
Fritz Law LLC Moves to The Sevens Building in Downtown Clayton
Wed 5 Jun, by FritzLaw on Firm News
Fritz Law LLC is proud to announce our move to The Sevens Building in downtown Clayton, Missouri. Effective June 1, 2019, the firm’s new address is 7777 Bonhomme Ave, Suite 2010, Clayton, Missouri 63105.
Loan, Gift, or Advancement: Why the Classification Matters
Wed 29 May, by FritzLaw on Estate Planning
While we all want to provide financial help to our loved ones—whether they are family or close friends—it is important to understand that how the money is classified will directly affect your estate planning. Accordingly, the intent behind the transfer of the money is key when determining if it will be considered a loan, gift, or advancement. Understanding the Differences Loan If there is a mutual understanding that the money you gave to a loved …
www.fritzlawstl.com Wins 2019 Muse Creative Award
Tue 21 May, by FritzLaw on Firm News
(St. Louis, MO – May 21, 2019) Out of more than 2,000 submissions from 42 countries, Fritz Law LLC’s website (www.fritzlawstl.com) won Silver recognition in the 2019 Muse Creative / Muse Design Awards competition. The winning website (Law & Legal Services category) was designed by Jacquelyn Cooney (Senior Design – PaperStreet Web Design), in conjunction with John P. Fritz (Managing Member – Fritz Law LLC) and was created by PaperStreet Web Design, located in Fort …
When is Probate Necessary?
Wed 8 May, by FritzLaw on Estate Planning, Probate
Whether or not you have an estate plan in place, you have likely heard the term “probate”. Probate is the legal process by which a deceased individual’s assets are distributed under court supervision. This process is necessary to distribute assets that are solely in the name of the deceased person. Probate is governed by state law. Avoiding Probate One of the appealing aspects of putting together an estate plan is to avoid probate. One way …