Detailing the payment of a personal representative
On behalf of Law Offices of Frye & Vazquez, P.L. | Jan 9, 2017 | Estate Planning
Acting as the personal representative for an estate in Miami can be quite an awesome responsibility, and one that many have come to us here at The Law Offices of Frye and Vazquez, P.L. so seek guidance in fulfilling. If you have been asked to assume this role, one question that may be lingering in your mind is whether or not you may be compensated for the work that it demands. You may be happy to hear that Florida law does allow you to be paid for your service.
The different types of guardianships
On behalf of Law Offices of Frye & Vazquez, P.L. | Dec 12, 2016 | Guardianships & Conservatorships
It may be difficult for most in Miami to comprehend losing the ability to care for themselves. However, traumatic events or the effects of age can easily place one in the position of relying on a guardian to help meet his or her basic needs. While it is often the court (rather than the ward) who chooses who a guardian may be, it is important to understand that there are several different types of guardianships, each of which is allowed different degrees of authority.
Restoring a ward’s rights through a suggestion of capacity
On behalf of Law Offices of Frye & Vazquez, P.L. | Jan 9, 2017 | Guardianships & Conservatorships
For residents of Miami, the thought of having their decision-making privileges taken from them may seem completely foreign. While few people may believe a legal guardianship will ever be a part of their futures, statistics seem to suggest that such cases are more common than many may believe.
Understanding the marital deduction
On behalf of Law Offices of Frye & Vazquez, P.L. | Oct 5, 2016 | Estate Tax
Many in Miami may never have to worry about the issues of estate taxes. That is because the law allows an individual an estate tax exemption equivalent. Often referred to as the estate tax threshold, this figure represents the amount that one may leave to the beneficiaries without being subject to the federal estate tax.
Can I have a guardianship terminated?
On behalf of Law Offices of Frye & Vazquez, P.L. | Sep 14, 2016 |
Guardianships can be critical for people who need help managing certain matters for reasons including age or incapacity. When in place, a guardianship can protect a ward’s medical care, legal rights and financial well-being.
Four common excuses for not having a will (and why they don’t fly)
On behalf of Law Offices of Frye & Vazquez, P.L. | Aug 10, 2016 | Asset Protection
There are numerous reasons why people put off drafting a will and other legal documents that, together, create a comprehensive estate plan. If you’re one of those people, maybe one or more of these excuses will be familiar. We reveal the mistaken logic behind each, with hopes that those who have not prepared a will realize the foolishness of their ways and takes the necessary steps to put one in place.
What does a guardian do?
On behalf of Law Offices of Frye & Vazquez, P.L. | Jul 22, 2016 | Guardianships & Conservatorships
In our last post, we examined a little more closely the role of a trustee, or the person assigned power and control over a trust. However, there are other people who can be assigned decision-making roles that impact a person’s financial wishes. For instance, a guardian may be appointed in situations where a person — referred to as the ward — is incapacitated and cannot make decisions on his or her own.
Estate planning review needed when marriage, divorce happen
On behalf of Law Offices of Frye & Vazquez, P.L. | Jun 3, 2016 | Wills
Many Floridians place estate planning on the back burner simply because they do not want to think about topics related to dying. However, estate planning is necessary to protect one’s assets in the event of one’s death. Once an estate plan is in place, it’s also important to keep it updated at reasonable intervals.
What are the alternatives to formal probate?
On behalf of Law Offices of Frye & Vazquez, P.L. | May 7, 2016 | Estate Administration & Probate
As we’ve made clear on our blog time and time again, probate can prove to be an incredibly complex process requiring both time and money, and a significant investment of emotional energy by loved ones.
What exactly can your heirs do with all of your unwanted stuff?
On behalf of Law Offices of Frye & Vazquez, P.L. | Apr 12, 2016 | Estate Administration & Probate
As much as we try to fight it or even deny it, the fact remains that the majority of us have accumulated significant belongings — i.e., “stuff” — over the course of our lives. Indeed, while we do our best to keep the amount of clutter under control, more often than not, it simply ends up getting packed away or even left where it’s sitting.
