In the past, this blog has detailed the prudent investor rule as it applies to trustees in Miami. Simply put, it requires that trustees invest trust assets with the right amount of research and judgment one would expect from a reasonable, prudent person. This...
Trusts
Protecting your pets through a trust
Many of those who come to us here at The inquiring about creating a trust want to do so primarily to ensure that those they love are taken care of. That love may extend to family members, friends, and yes, even pets. Like many in Miami,...
What is a charitable trust?
If you have a large amount of assets that you want to be managed in the event that you are unable to do so, then placing them in a trust ensures that they will be conserved for whatever purpose you may have for them both in Miami and beyond. Florida’s Trust Code...
Addressing a breach of trust
Being at the perceived mercy of a trustee Miami can be a nerve-wracking proposition. If you are like many of those with whom we here at The Law Offices of Frye and Vazquez, P.L. have worked in the past, you may wondering what sort of legal recourse you have if you...
What is the prudent investor rule?
When you are a beneficiary or party to a trust in Miami, you and other interested parties may find it frustrating that all of the power related to the management of the trust seemingly lies with the trustee. While the settlor of the trust may have designated certain...
Detailing the trustee’s duty of loyalty
Being asked to serve as trustee of a trust account created by a family member, friend or colleague in Miami may be a daunting task. As we here at The Law Offices of Frye and Vasquez, P.L. can attest to, the relationship between trustees and beneficiaries can be a...
What is a dynasty trust?
Setting up a trust can be a very wise decision for people who wish to retain a little more control over the distribution or use of their assets in the event of death or incapacity. With a trust, you can set limits on payouts and direct trustees on various types of...
Determining whether trusts will be part of an estate plan
Although many people avoid discussions that pertain to their own mortality, others understand the need for crafting thorough and customized estate plans. Some say this is the best means for specifying one's wishes and providing for loved ones' futures. Included in...
Proceed with caution when it comes to estate planning and Medicaid
When it comes to planning for their long-term care, many people envision having to rely on Medicaid benefits. While this certainly makes good sense, it's nevertheless important for those in this situation to understand that the decisions they make concerning estate...
What David Bowie can teach us about proper estate planning
When you hear names like John Lennon, Jim Morrison, Kurt Cobain and Tupac Shakur, you invariably think of their respective catalogues of transformative and altogether timeless music, as well as their tragic early deaths.The last thing you probably think about when you...