Estate Planning for Military Families
Wed 3 Jul, by FritzLaw on Estate Planning
No matter the time of year, it is always a good opportunity for members of the military and their loved ones to consider setting up — or revising an existing —estate plan. Military families need to consider special estate-planning issues that others do not. This is particularly true when one or more family members are deployed overseas. Beyond this, members of the military have access to special benefits and resources. This can become complicated and, …
Do Your Parents Have an Estate Plan?
Tue 25 Jun, by FritzLaw on Estate Planning
If you find yourself in the “sandwich generation” (someone who is caring for both your children as well as your parents simultaneously), you need to know whether or not your parents have put together an estate plan. While it is still your parent’s choice to make estate planning decisions, having a plan — no matter how late in life it is created — is an absolute must. The thought of speaking with your parents about …
3 Asset Protection Tips You Can Use Now
Wed 5 Jun, by FritzLaw on Estate Planning
A common misconception is that only wealthy families and people in high risk professions need to have an asset protection plan. But in reality, anyone can be sued. A car accident, foreclosure, unpaid medical bills, or an injured tenant can result in a monetary judgment that will decimate your finances. What Exactly Is Asset Protection Planning? Asset protection planning is the use of legal structures and strategies to safeguard property that creditors might snatch away, …
Fritz Law LLC Moves to The Sevens Building in Downtown Clayton
Wed 5 Jun, by FritzLaw on Firm News
Fritz Law LLC is proud to announce our move to The Sevens Building in downtown Clayton, Missouri. Effective June 1, 2019, the firm’s new address is 7777 Bonhomme Ave, Suite 2010, Clayton, Missouri 63105.
Loan, Gift, or Advancement: Why the Classification Matters
Wed 29 May, by FritzLaw on Estate Planning
While we all want to provide financial help to our loved ones—whether they are family or close friends—it is important to understand that how the money is classified will directly affect your estate planning. Accordingly, the intent behind the transfer of the money is key when determining if it will be considered a loan, gift, or advancement. Understanding the Differences Loan If there is a mutual understanding that the money you gave to a loved …