Snowbirds: What You Need to Know about Renting Out Your Property
Fri 15 Oct, by FritzLaw on Estate Planning, Probate
Retreating to a warmer climate for the winter sounds like an ideal way to spend a few months. To help make this dream a reality, some individuals choose to rent out their second homes when they are not in use. But before you list your second home for rent, there are a few things you should consider. Benefits of renting out your property One reason to rent out your second home is to help cover …
Is Your Estate Plan Incapacity Proof?
Fri 8 Oct, by FritzLaw on Estate Planning, Probate
For most people, it is perfectly natural to think about estate planning only in terms of planning for death. While planning for your death is very important, if that is all you plan for, your planning can quickly become woefully inadequate. As medical knowledge and technology have improved over the decades, so too has modern medicine’s ability to keep people alive for much longer. It is no accident that in many areas of the country, …
How to Protect Your Significant Other from Frozen Accounts
Fri 1 Oct, by FritzLaw on Estate Planning, Probate
The death of a loved one is one of the most difficult times in a person’s life. Nothing can truly prepare a person for such a loss. However, dealing with the financial stress of frozen bank accounts can exacerbate the stress. Without proper planning, your significant other could struggle to gain access to your accounts. The frustration is especially distressing if the frozen account was the primary source for paying joint or household expenses. Common …
Disaster Preparedness Month: How to Prepare for Whatever May Come Your Way
Fri 24 Sep, by FritzLaw on Estate Planning, Probate
The unpredictable can occur at any time: fires, hurricanes, floods, earthquakes, pandemics—you name it. Because September is National Disaster Preparedness Month, we want you to be prepared for whatever life throws at you. Although none of us can predict the future, there are some things you can do to ensure that you and your family are ready. Here are a few questions to consider to help protect the people and possessions you value most. Are …
How to Handle Savings Bonds in Estate Planning and at Death
Fri 17 Sep, by FritzLaw on Estate Planning, Probate
A savings bond is defined as “a debt security issued by the U.S. Department of the Treasury to help pay for the U.S. government’s borrowing needs.” In effect, when you buy a savings bond, you are loaning the U.S. government money which is repaid with interest after a fixed period of time. There are currently two types of savings bonds: Series EE U.S. Savings Bonds are currently sold at face value and worth their full …