Planning For Your Family’s Education
Fri 18 Mar, by FritzLaw on Estate Planning, Probate
According to the National Center for Education Statistics, the cost for undergraduate tuition, fees, room, and board at public institutions increased 31 percent between the 2006–2007 and 2016–2017 academic years, adjusted for inflation. During that same time period, prices at private nonprofit institutions increased 24 percent, adjusted for inflation. As you look ahead to your own family’s academic future, what will the cost be when your child or grandchild decides to enroll in post-secondary education? …
Estate Planning for Nurses and Frontline Healthcare Workers
Fri 11 Mar, by FritzLaw on Estate Planning, Probate
Let us begin by saying thank you. You tirelessly give of yourself to care for some of the most vulnerable people in our society. Whether you are caring for them in a hospital, therapy room, or patient’s home, you are there to protect and help the patient have a better tomorrow. However, one important question remains. What have you done to prepare for your own care? By planning ahead, we can assist you in crafting …
Trust Funding: Setting Your Trustee Up for Success
Fri 4 Mar, by FritzLaw on Firm News
For many people, a revocable living trust is a valuable tool to ensure that their finances are well managed during periods of incapacity and that their loved ones are financially secure upon their passing. However, signing the trust agreement doesn’t end the estate planning process: To work properly, the trust needs to be funded. What Is Trust Funding? Trust funding is the process of transferring the ownership of accounts and property to the trust during …
COVID-19 and Minor Children: Things to Consider Now
Fri 25 Feb, by FritzLaw on Estate Planning, Probate
Protecting your family is important, especially when you have minor children, and even more so now that we are living through a pandemic. With all of the unknowns of our current situation, you need some certainty. Having an up-to-date estate plan can be the first step toward providing that certainty in an uncertain world. Many people view estate planning as limited to making arrangements for your death. However, it is equally important to plan for …
Important Considerations for Beneficiary Designations of Life Insurance Policies
Fri 18 Feb, by FritzLaw on Estate Planning, Probate
Life insurance is often one of the most important parts of an estate plan. People usually purchase life insurance to prevent their spouse, children, or other dependents from suffering financial hardship if they die unexpectedly. You may think that all you need to do is simply write in the name of the person you would like to receive the proceeds from your life insurance policy on the beneficiary designation section of your paperwork and forget …