Three Proven Estate Planning Strategies
Fri 24 Jun, by FritzLaw on Estate Planning, Probate
Estate planning is complex and continually evolving. Often, affluent families are “early adopters” of the newest and best estate planning strategies. Luckily, by working with us, you can benefit from the same estate planning strategies that affluent families do. Here are a few techniques we should discuss soon. 1. Maintain an up-to-date, trust-centered plan The foundation of your estate plan must achieve your goals and needs. Wealthy people tend to utilize estate plans with all …
The Importance of a Successor Trustee
Wed 15 Jun, by FritzLaw on Estate Planning, Probate
An estate plan that includes a revocable living trust is an excellent way to protect yourself and your loved ones upon your passing or in the event you are unable to manage your own affairs. As opposed to other estate planning options, a revocable living trust gives you the ability to keep control of and enjoy your accounts and property during your lifetime and to maintain privacy in how the accounts and property are managed, …
Wills vs. Trusts: In Plain English
Fri 3 Jun, by FritzLaw on Estate Planning, Probate
Everyone has heard of wills and trusts. Most articles written on these topics, however, often presume that everyone knows the basics of these important documents. But, in reality, many of us do not – and with good reason – as they are rooted in complicated, centuries-old law. If you are not an estate planning attorney, these concepts tend to remain merely that – concepts. So, if you are “fuzzy” about wills and trusts, know that …
The Pros and Cons of Powers of Appointments
Wed 25 May, by FritzLaw on Estate Planning, Probate
An often misunderstood but common estate planning tool that can appear in estate planning documents is the power of appointment. Not to be confused with a power of attorney (the document that allows you to delegate certain powers to an agent to act on your behalf while you are still living), a power of appointment can be an incredibly useful tool if used properly and knowledgeably. A well-considered power of appointment allows you to maintain …
The Only Constant in Life is Change
Fri 13 May, by FritzLaw on Estate Planning, Probate
When circumstances change, so should your estate plan. Your estate plan was written to reflect your situation at a specific point in time – and – as we all know – our lives continually change, unfolding in ways we might not have anticipated. Just like you meet with your doctor, financial advisor, or CPA on a regular basis, you need to meet with us on a regular basis as well. In this issue, we: Identify …