What will my stepparent inherit if my parent dies?
On behalf of Law Offices of Frye & Vazquez, P.L. | April 19, 2020 | Estate Planning
One of the most confusing and potentially contentious topics when it comes to estate planning is where the assets go if one or both parents die without a will. This can be especially complex if a parent has remarried. You and other Florida residents with blended families may be interested in learning what can happen if a parent dies, leaving behind a surviving stepparent.
What are the duties of an estate administrator?
On behalf of Law Offices of Frye & Vazquez, P.L. | Mar 5, 2019 | Estate Planning
If you have recently lost a close friend or loved one, you may have been named the administrator of the estate. Although you may be going through an array of different emotions at losing a loved one, estate administrators are responsible for tying up the estate’s loose ends and ensuring the property included in the last will and testament is property distributed to the heirs to which they were intended.
Why unmarried couples need an estate plan
On behalf of Law Offices of Frye & Vazquez, P.L. | Feb 24, 2020 | Estate Planning
It may be important for unmarried couples in Florida who live together to create estate plans to ensure that they have certain rights that are granted automatically to married people. First, each person should have a health care power of attorney that authorizes the other person to make medical decisions. This reduces the likelihood of a battle with family members for this authority if one person falls ill.
Supplement a will with other important documents
On behalf of Law Offices of Frye & Vazquez, P.L. | Dec 26, 2018 | Estate Planning
Many people in Florida feel that they have a handle on their estate planning if they make out a will and name a trusted executor. However, people may want to consider a more thorough approach to an estate plan, especially if they have significant assets or want to ease the process of transferring property to their loved ones after death.
How can I choose an executor for my estate?
On behalf of Law Offices of Frye & Vazquez, P.L. | Nov 16, 2018 | Estate Planning
The executor of your estate will be responsible for many essential duties after you’re gone. From settling outstanding debts to ensuring your heirs receive your assets, the duties of an executor are often quite complex. That’s why picking the right candidate is so important, and AARP offers guidance on how you can do just that.
Estate planning as a grandchild’s caregiver
On behalf of Law Offices of Frye & Vazquez, P.L. | Oct 19, 2018 | Estate Planning
Often, people think of their grandchildren when they set up an estate plan. They may want to pass down sentimental items or assets to ensure that their grandkids receive support or valued possessions in the future. For some grandparents, additional issues may arise which involve their grandchildren.
Fiduciary duty for executors and trustees
On behalf of Law Offices of Frye & Vazquez, P.L. | Sep 27, 2018 | EstateAdminstration & Probate
< p>A person in Florida who has been appointed the executor or trustee of an estate has a fiduciary duty. This is a big responsibility, and the job can be overwhelming. However, the executor or trustee can seek help from professionals.What you need to know about Florida estate and inheritance taxes
On behalf of Law Offices of Frye & Vazquez, P.L. | Aug 21, 2018 | Estate Taxes
At the Law Offices of Frye & Vazquez, PL, in Florida, we know how hard you work throughout your life to accumulate wealth. We also know how hard you work to protect this family wealth so that you can pass it on to your heirs. The last thing you want is for your estate to have to pay a huge estate tax and your heirs to each have to pay an inheritance tax.
Can you use life insurance in more than one way?
On behalf of Law Offices of Frye & Vazquez, P.L. | Jul 18, 2018 | Trust
You have spent considerable time putting together a life insurance policy that will provide added security for you, as well as benefit your family when you pass away. Now, you are wondering if your investment can do more than provide cash after your death. Fortunately, there are a variety of things that your life insurance policy in Florida can be used for. Being aware of what these things are can give you something to discuss with your family members so you can be confident that they use the funds the way you desire for them to be used.
Is my will valid in a different country?
On behalf of Law Offices of Frye & Vazquez, P.L. | Jun 29, 2018 | Estate Planning
When you own property in a different country, you may wonder if your will is valid in both Florida and the other country. It is important to understand how you may need to change your will to make sure it will be valid after your death.
