Saving for College: What If There Is Money Left Over?
Wed 26 Aug, by FritzLaw on Estate Planning, Probate
Setting money aside for your children’s or grandchildren’s education is a great way to provide for their future. However, it is possible that not all of the money you have set aside will be used for college expenses. For example, your child may receive a large scholarship and will not need to use all the money you have saved, or your grandchild may choose a trade school that is less costly than you expected. Alternatively, …
Strategies For Your Charitable Planning
Wed 29 Jul, by FritzLaw on Estate Planning, Probate
There are many reasons why you may want to give to a charity: You may give because you believe strongly in a cause or organization, but it can also reduce your yearly income tax bill and remove value from your overall estate. If you are considering making a donation, but are unsure of how to proceed, we are here to help. Working closely with other members of your financial team, we can craft a plan …
Estate Planning Considerations for Restaurateurs
Fri 12 Jun, by FritzLaw on Estate Planning, Probate
If you are a restaurant owner, like most other small business owners, you have many demands on your time. Your schedule may be even more demanding than most, and your working hours may extend far beyond the typical working day. Nevertheless, it is very important for you to set aside some time to create an estate and business succession plan: If you become ill or suddenly pass away, who will run the business in your …
Celebrate Single Parent Day: Take Steps to Provide for Your Kids’ Future
Thu 11 Jun, by FritzLaw on Estate Planning, Probate
In 1984, Congress issued a resolution, signed by President Reagan, establishing March 21st as National Single Parent Day: a day devoted to recognizing the dedication of single parents, who make self-sacrificial efforts to care for their children’s needs and encouraging family members, friends, and communities to help provide an optimal environment for their children. As a single parent, you should feel proud of your efforts to nurture and care for your children. Here are a …
Pay Close Attention To The Title, It Matters
Mon 8 Jun, by FritzLaw on Estate Planning, Probate
Whether you have recently purchased, inherited, received a gift of real estate, or owned real estate for decades, understanding how your real estate is currently owned (or “titled”) can help you understand the level of control and asset protection available to you, as well as what will happen to your real estate upon your death. Ways to Own Real Estate Individually One of the most common ways people own real estate is individually, meaning the …