What’s the benefit to having a business succession plan in place?
On behalf of Law Offices of Frye & Vazquez, P.L. | May 1, 2020 | Wills
Life is a game of chance. No one knows when their last day will be. If you own a company and something happens to you, your death could throw your business into chaos. This is why you need to have a business succession plan in place to avoid any questions as to who owns your business for when you’re no longer in the picture.
How an attorney assesses a testator’s testamentary capacity
On behalf of Law Offices of Frye & Vazquez, P.L. | Jan 14, 2021 | Wills
For a person to execute a valid will, they must demonstrate that they have testamentary capacity. An individual must be at least 18-years-old to become a testator, or person who drafts a will, here in Florida.
Creating your will: A critical part of your estate plan
On behalf of Law Offices of Frye & Vazquez, P.L. | March 24, 2020 | Estate Planning
If you’ve decided that it’s time to write a will, then you’re going to want to know all the things you can do to make it easier. Everyone is aware that making a will isn’t always the most pleasant thing to do. It draws attention to the inevitable, and it can be uncomfortable.
What should you do with your estate plan after your spouse dies?
On behalf of Law Offices of Frye & Vazquez, P.L. |Feb 24, 2020 | Estate Planning
If you’ve recently lost your spouse, then the last thing that you probably want to think about is updating your estate plan. It’s important that you do so though. While it’s ultimately important that you review all your documents, there are some that you’ll want to go through and update sooner than others.
Let an experienced attorney guide you through your executor role
On behalf of Law Offices of Frye & Vazquez, P.L. | Jan 28, 2020 | Estate Planning
Executors of estates have many responsibilities. One of the many tasks that you’re responsible for handling is the division of assets among a decedent’s heirs. This is much more involved than it seems on the surface.
What are some misunderstandings about estate planning?
On behalf of Law Offices of Frye & Vazquez, P.L. | Jan 24, 2020 | Estate Planning
Do you ever think about what will happen to all your earthly belongings after you die? You may not dwell on it, but it is a good idea to at least give it some thought. Many people do this by creating an estate plan. However, not enough people are creating estate plans because they get caught up in misconceptions about why they should do it or when they should do it.
Why health care directives are so important
On behalf of Law Offices of Frye & Vazquez, P.L. | Dec 20, 2019 | Wills
The process of estate planning can seem overwhelming. It can be hard for a person to confront their own mortality and make tough decisions regarding how their family members and assets will be cared for once they are no longer around. However, Florida residents know that it needs to be done.
Discuss your will with your adult children
On behalf of Law Offices of Frye & Vazquez, P.L. | Nov 19, 2019 | Wills
There will come a time in your life when you should have a difficult discussion with your adult children. That discussion is about what they will do and what they will inherit when you die. No one wants to think about or talk about death, but it is an important discussion you need to have. Your adult children should know about your wishes, your will and how the estate will be divided
What are the common reasons for a delayed probate process?
On behalf of Law Offices of Frye & Vazquez, P.L. | Oct 28, 2020 | Estate Planning
At least a portion of most people’s estates need to go through the probate process at the end of their lifetime. Probate can be take time and be costly because of the court administration that is involved.
Personal representatives play an important estate planning role
On behalf of Law Offices of Frye & Vazquez, P.L. | Sep 23, 2020 | Estate Planning
One of the most important decisions Florida residents are faced with when they create an estate plan is choosing who to appoint to be their executor or trustee. Some people give the matter little thought before appointing a close friend or relative to see that their wishes are followed, but the complex nature of the duties involved merit more careful consideration. Personal representatives make important decisions, contend with strict deadlines and some of the legal and financial issues they deal with are extremely complex.