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 TaxEstate 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.
Elder abuse by a relative is disturbingly common
On behalf of Law Offices of Frye & Vazquez, P.L. | May 31, 2018 | Trusts
You might breathe a sigh of relief knowing that your aging parents are being cared for by a family member, such as one of your siblings or one of their adult grandchildren. However, as time passes, you might notice things that make you wonder if your relative is not providing the type of care you would want for your parents. At the Law Offices of Frye & Vazquez, P.L., we believe all elderly Florida residents deserve to be treated with dignity, kindness and respect in their final years.
What challenges do my parents face as they age?
On behalf of Law Offices of Frye & Vazquez, P.L. | Apr 9, 2018 | Estate Planning
When you are coming to terms with your parents’ mortality, getting their estate affairs in order and protecting them from financial abuse are priorities. However, you and other Florida residents with aging parents may also be concerned about their emotional and physical well-being. For many, the challenges during the golden years can lead to depression and isolation. You and your relatives may play a vital role in helping your parents age with dignity and continue to feel useful and important to the family.
For what reasons can you challenge a will in Florida?
On behalf of Law Offices of Frye & Vazquez, P.L. | Mar 2, 2018 | Estate Planning
If you feel that someone’s Florida will disinherited you or insufficiently provided for you, you may be wondering if you should challenge it. The first thing you need to know is that not everyone can challenge a will. You can only do so if you are an “interested party;” i.e., a close family member who has the legal right to inherit from the decedent had (s)he died without making a will.
What does it mean to die intestate in Florida?
On behalf of Law Offices of Frye & Vazquez, P.L. | Feb 16, 2018 | Estate Planning
If you are a Florida resident who has not yet gotten around to making a Last Will and Testament, you may wish to reconsider your recalcitrance. While no one likes to think about their own death, having a will is one of the best ways for you to make sure that when you die, your property will go to those and only those to whom you wish to distribute it. If you die before you make a will, you will be considered to have died intestate and the state of Florida will decide who your heirs are and which of them gets which portion of your assets and property.
Consider a trust if disinheriting a child
On behalf of Law Offices of Frye & Vazquez, P.L. | Jan 17, 2018 | Estate Planning
If you live in Florida and are working on your estate plan, you may have concerns about leaving money or assets to one or more of your children. Parents disinherit their children for many different reasons, but regardless of your reasoning for doing so, establishing a trust may help ensure your wishes come to fruition.
What is a holographic will?
On behalf of Law Offices of Frye & Vazquez, P.L. | Dec 12, 2017 | Wills
Imagine driving home on a rainy night in Miami, and seeing a poor-looking man standing on the side of the road. You stop to assist him by taking him to nearby eatery to warm up and get some food. Before leaving, he claims to be a millionaire, and to repay your kindness, he uses a napkin to write out a will leaving his entire fortune to you. A few days later, news breaks of the death of a local business magnate who had become a recluse.
