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 …
Special Planning Considerations For Your Spouse
Mon 8 Jun, by FritzLaw on Estate Planning, Probate
You have searched for and found the love of your life, maybe your first love, or maybe after a previous relationship or marriage. As you have built your life together, you have probably weathered your fair share of storms and grown stronger because of them. To prepare for the future and the possibility of no longer being around for your spouse, it is important that you plan now to protect the surviving spouse later. As …
When is “living probate” necessary?
Fri 10 Apr, by FritzLaw on Estate Planning, Probate
If you become incapacitated, who is going to take care of you? You will not be able to make medical decisions for yourself and you will not be able to manage your day-today affairs. If you do not have the appropriate estate plan in place, your family may be headed to the probate court long before you are deceased. Conservatorship or Guardianship Proceedings In some states a living probate is referred to as a guardianship …