Creating a Trust When Your Family Has Debt
On behalf of Law Offices of Frye & Vazquez, P.L. | April 9, 2018 | Trusts
A trust can protect your assets for the next generation. However, if you have debt, the trust will not necessarily protect assets from creditors. If you or your beneficiaries file for bankruptcy, for example, the trust could be seized for repayment of debts.
The Importance of Long-Term Care Planning
On behalf of Law Offices of Frye & Vazquez, P.L. | March 20, 2021 | Estate Planning
Life expectancy has increased in the U.S., and so it’s more important than ever to plan for your health needs as you age. Keep in mind the need for long-term care, either as in-home nursing care or at a residential facility.
How long does probate last?
On behalf of Law Offices of Frye & Vazquez, P.L. | Feb 25, 2021 | Estate Adminstration & Probate
We are asked this question on daily basis in my probate practice. While there is a not a clear answer, we can give you an approximation. The Florida Bar states: “It depends on the facts of each situation; some probate administrations take longer than others.
How Are Assets Distributed to Beneficiaries
On behalf of Law Offices of Frye & Vazquez, P.L. | Jan 10, 2021 | Estate Administraion & Porbate
In Florida, probate assets are those that were solely owned by the decedent, or jointly owned but lacking a provision for automatic succession, known as tenants in common.
4 estate planning mistakes to avoid
On behalf of Law Offices of Frye & Vazquez, P.L. | Dec 12, 2020 | Estate Planning
Having an estate plan in place is highly beneficial. Proper estate planning allows you to make informed decisions about the handling of your assets and gives you the opportunity to maximize the value of your estate.
Estate planning Priorities
On behalf of Law Offices of Frye & Vazquez, P.L. | Nov 14, 2020 | Estate Planning
Though most adults in the United State do not have an estate plan, ideally everyone over the age of 18 should. According to The Motley Fool, estate planning is an opportunity to provide for loved ones and protect your own interests in the face of life’s inevitabilities.
What happens if you can’t find your mom’s will?
On behalf of Law Offices of Frye & Vazquez, P.L. | Sep 14, 2020 | Wills
Many Miami area residents have gone through the process of having a parent die. This is a stressful and emotional time for most people, and it can be a difficult process. Although a person may have taken the time to create a will sometimes a will cannot be found. There are steps an heir should take if a will is lost.
A special needs trust may be a beneficial part of your estate plan
On behalf of Law Offices of Frye & Vazquez, P.L. | Aug 3, 2020 | Estate Planning
As you work on your estate plan, something that you may want to include is special needs planning. If you have a child or dependent that turns to you for support due to a disability, then special needs planning is essential.
When are handwritten wills legal in Florida?
On behalf of Law Offices of Frye & Vazquez, P.L. | July 21, 2020 | Estate Planning
You’ve probably heard of someone leaving a handwritten will behind — or maybe you even have a handwritten will tucked away in your own desk drawer. It seems like the easiest way to establish what you’d like to see happen with your assets and personal effects after you are gone. After all, how can a will be considered invalid when it’s clearly in your handwriting?
Estate Planning in the time of corona
On behalf of Law Offices of Frye & Vazquez, P.L. | June 3, 2020 | Estate Planning
Amid this pandemic, as we are barraged with tragic videos and news reports, many Americans are anxious about what would happen should they get sick and be unable to make informed decisions or manage their financial and legal affairs. Some may have no documents in place, or have outdated ones with incorrect beneficiary/guardian/power of attorney designations.
