Important Considerations for Beneficiary Designations of Life Insurance Policies
Thu 23 Jul, 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 …
Elder Abuse Awareness – What To Know
Wed 22 Jul, by FritzLaw on Personal Injury
June 15th is World Elder Abuse Awareness Day. If you are considering elder care for a loved one and want to make sure the facility is a safe placement, you have questions. You might want to know what research needs to be done or what questions to ask. Chances are you are not an expert in this field, so to help you get a better understanding of how to prevent or handle an neglect situation, …
Planning For Your Family’s Education
Mon 13 Jul, 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 As A Powerful Exercise In Optimism
Mon 15 Jun, by FritzLaw on Estate Planning, Probate
Many scientific studies have established that there is a wide range of benefits flowing from a positive attitude and positive thinking. At a time when many are focused on worst-case scenarios and gloomy predictions, you can resist the pull of negativity and embrace the beneficial results of positivity. This is not just an attempt to make yourself feel better in spite of reality, but rather to take full advantage of the proven benefits of positivity. …
How To Protect Your Will From Unhappy Relatives
Mon 15 Jun, by FritzLaw on Estate Planning, Probate
Having an updated last will and testament is more important than ever, especially now. However, a will that is poorly created or not frequently updated can be vulnerable to contestation. What is contestation? It is the formal objection to a will’s (or trust’s) validity because it either: a) doesn’t reflect the wishes of the person who created the will, or b) because the will does not meet legal standards. Will contests should be avoided at …