Resources

(St. Louis, MO – May 21, 2019) Out of more than 2,000 submissions from 42 countries, Fritz Law LLC’s website (www.fritzlawstl.com) won Silver recognition in the 2019 Muse Creative / Muse Design Awards competition. The winning website (Law & Legal Services category) was designed by Jacquelyn Cooney (Senior Design – PaperStreet Web Design), in conjunction with John P. Fritz (Managing Member – Fritz Law LLC) and was created by PaperStreet Web Design, located in Fort …

Whether or not you have an estate plan in place, you have likely heard the term “probate”. Probate is the legal process by which a deceased individual’s assets are distributed under court supervision. This process is necessary to distribute assets that are solely in the name of the deceased person. Probate is governed by state law. Avoiding Probate One of the appealing aspects of putting together an estate plan is to avoid probate. One way …

Sometimes giving assets outright to a beneficiary – such a child, a grandchild or a special needs loved one – is not the ideal method of distributing assets in an estate plan. In such a scenario, a discretionary trust can be a good estate planning tool. Below is some basic information on discretionary trusts and how they may be beneficial to your particular family’s needs. Discretionary Trusts Explained A discretionary trust is a type of …

In all parts of the country, services such as Airbnb have grown in popularity over the past few years. Indeed, these alternatives to hotel stays are popular among homeowners and vacationers alike. If you have a home or other rental property that is generating income, you should understand the following asset protection and estate planning considerations. Protecting Owners from Liability Just like any rental relationship, there is risk for the property owner. If anyone is …

A 2012 study by Ohio State researcher Jay Zagorsky found that about one-third of Americans who receive an inheritance have negative savings within two years of getting their money, and of those who receive $100,000 or more, nearly one in five spend, donate or simply lose it all.  If you are about to receive an inheritance, there are several steps you can take to insure your funds will last longer than a few years. Don’t …