What Are Drivers Doing at the Time of an Accident?
Wed 30 Oct, by FritzLaw on Personal Injury
There are so many things that can become distractions while you are driving a car. A recent survey¹ by the National Highway Traffic Safety Administration (involving approx. 6,000 drivers) showed that the people who were involved in a car accident or near-accident during the prior year were not paying attention (19%), were falling asleep (8%), were adjusting the radio or GPS (8%), were using an app on their cell phone (7%), were daydreaming (6%), were …
Your 5 Task Year-End Estate Planning To-Do List
Mon 28 Oct, by FritzLaw on Estate Planning
2020 is fast approaching. As we all prepare for the holidays and a new year, it is important that we wrap up any loose strings. Before entering into the new year, here are some things that need to be on your end of year checklist: Make Sure Your Estate Planning is Up To Date Will or Trusts Now that the federal estate tax exemption is fixed at $10 million per person adjusted for inflation ($11.18 …
How is a Corporate Trustee Different?
Fri 25 Oct, by FritzLaw on Estate Planning
In its simplest terms, a trust is a legal arrangement in which a trustee holds and manages assets for the benefit of one or more beneficiaries. The trustee owns the assets, enters into contracts on behalf of the trust, manages the trust’s investments as its trustee, and follows the trust’s instructions on making distributions. A trustee can be one-person, multiple people, or a company. Duties of a Trustee The duties of a trustee are many, …
The Importance to You and Your Family of Having an Estate Plan
Fri 4 Oct, by FritzLaw on Estate Planning
In 2008, Congress recognized the need for the public to understand the importance and benefits of estate planning by passing House Resolution 1499, which designated the third week of October as National Estate Planning Awareness Week. Nevertheless, according to a 2019 survey carried out by Caring.com, 57% of adults in the United States have not prepared any estate planning documents such as a will or trust despite the fact that 76% viewed them as important. …
What Could the SECURE Act Mean For You?
Mon 30 Sep, by FritzLaw on Estate Planning
If you have kept up with current events, you know that there is real potential for change to your retirement accounts. The Senate is working to pass new legislation that would help seniors prepare for their golden years more efficiently. Better known as the SECURE Act, Setting Every Community Up for Retirement Enhancement seeks to make Individual Retirement Accounts (IRAs) more appealing for Americans of all backgrounds. Though the legislation has not yet cleared the …