Some Florida families may worry about establishing financial security for a loved one that is physically disabled or is mentally incapable of managing personal financial matters. Additionally, you may worry that establishing a trust can interfere with government...
Trusts
Estate planning essentials for new parents
If you are a Florida resident and you recently became a new parent, congratulations. Becoming a parent can be one of the most rewarding experiences you will ever have. It can also come with a learning curve, however, with you and your partner trying frantically to...
What is a charitable trust?
If you are a Florida resident for whom charitable giving is a way of life, you may wish to consider setting up a charitable trust so that you can substantially contribute to your favorite charity. You may not be aware that your charitable trust can be structured so...
Late singer’s sons feud over family trust
Ask anyone in Miami that is currently involved in his or her own estate planning, and he or she will likely say that the main motivation for doing so is to avoid the potential for disputes arising between his or her beneficiaries. Yet oftentimes, people that have...
The benefits of a spendthrift trust
Say you have assets that you want to leave to your loved ones in Miami, yet you are concerned that their already observed tendencies to be reckless with their spending could potentially get them into trouble. This scenario is the same that has faced many of the...
Voiding a trustee’s transactions
Placing assets into a trust is a terrific way to both avoid the costs of probate and to protect property from potential misuse by beneficiaries. However, many of those in Miami that come to us here at The wanting to set up such trusts fail...
Woman and former attorney at odds over interpretation of trust
Trusts are tools that many in Miami are encouraged to involve in their estate planning due to the control that they offer over a person's assets. Not only do they allow an estate to avoid having to go to probate upon one's death, but they also permit one to stipulate...
Trusts and the age of beneficiaries
When it comes to trusts, there are various issues that those creating an estate plan may have to take into consideration, such as how their assets will be distributed and which trust is the best option. At the Law Offices of Frye & Vazquez, we are also aware that...
Detailing the court’s involvement in a trust administration
Unless you have experience in working with trust law, your understanding of the roles and responsibilities that come with the office of a trustee is likely limited. If you are asked to serve in such a role, there are resources out there to help advise you (including...
Do I need a generation-skipping trust?
Even if you are one of the many Florida residents who already has a pretty firm estate plan in place, you may find now a good time to review that plan. As life changes, so too might your estate plan. One of the tools you might want to consider is a generation-skipping...