Parents of special needs children may wonder how their sons or daughters will be cared for after they pass. Fortunately, there are steps that Florida residents and others can take to make sure that family members with disabilities are accounted for in an estate plan....
Month: August 2019
The benefits of having a will in addition to a trust
Trusts have allowed many people in Florida to develop new ways of handling their estate planning. They can provide some benefits during an estate owner's lifetime as well as create a flexible framework for the distribution of assets after death. For wealthier...
Student loans after death
As young Florida residents put together their estate plans, they may wonder what will happen to their student loans after they die. Regardless of the amount a person borrowed, it is important to understand what will happen to this debt after death.Some people may...
Do you pay estate taxes?
As Florida resident who is also the recipient of an estate, you will need to handle the estate taxes. You may be wondering what taxes, if any, you are personally responsible for covering. Matters of estate taxes can be quite complex, after all.FindLaw breaks...
The basics of estate planning
Many Florida residents put off estate planning because the prospect of drafting wills, trusts and powers of attorney seems daunting. The process may be less confusing if it is approached with beneficiaries rather than assets in mind. People generally want to know that...
Can you reduce estate taxes?
Florida residents who are the recipient of an estate will likely have to deal with some form of estate tax, whether it's a death tax or an inheritance tax. But are there ways that you can reduce said taxes? We at the Law Offices of Frye & Vasquez, P.L.,...
Proposed new law will alter estate planning in Florida
Under existing laws, the owner of an IRA can make a child the beneficiary of the account instead of a spouse. Because the younger beneficiary will have a longer life expectancy than the spouse, the required minimum distribution will be less and the IRA can continue to...
How estate planning matters for pets as well
Many people in Florida have pets that are treated like members of the family. Some of these residents love their furry friends so much that they may want to account for them in an estate plan. This can prevent a pet from being sent to a shelter or left alone at home...
What are the different types of conservatorship?
There are two situations in which your family in Florida may seek the appointment of a conservator for a relation. You may have an elderly family member with a serious health issue, such as dementia, that has led to his or her incapacitation, or you may have...
What to know about guardianship of the elderly?
As a Florida resident with an aging relative, you might be looking into the possibility of setting up a guardianship in the future. There are many reasons that this can come in handy, and it can provide plenty of benefits for all parties involved.FindLaw has a page...
