Law Offices of Frye & Vazquez, P.L.
Call Today. 305-508-5749 | 877-421-5473

October 2016 Archives

Estate administrator challenging late woman's final will

Miami residents may be encouraged by estate planning experts to begin drafting the instruments that detail how they would prefer that their assets and property be dispersed early on in their lives. There may be wisdom in such counsel, given that most may not know when they will meet their end. However, one should also keep in mind that a person's familial and social relationships may change over time, thus necessitating that he or she revise any estate planning documents to ensure that they reflect his or her current desires. If and when such changes are made, it may not be surprising that some of those affected by them (in a negative way) may choose to challenge their validity.

What is Florida's process for intestate succession?

Despite the best efforts of estate planning experts, many in Miami still may not have any form of a written will. If you count yourself amongst this group, then you may be running the risk of having the state decide where your assets should go once you are gone. If you do happen to die without a will, your estate will then be dispersed through a process known as intestate succession.

Detailing the trustee's duty of loyalty

Being asked to serve as trustee of a trust account created by a family member, friend or colleague in Miami may be a daunting task. As we here at The Law Offices of Frye and Vasquez, P.L. can attest to, the relationship between trustees and beneficiaries can be a tenuous one. If you are new to the position of a trustee, then it may be important to know exactly what your duties are, both in satisfying the interested parties to your trust and in fulfilling its purposes.

Understanding the marital deduction

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. According to Forbes Magazine, that number is $5.45 million for 2016. Spouses may also combine the values of their estates to protect as much as $10.9 million from tax.

What Our Clients Are Saying

  • It is difficult enough to cope with the emotional challenges of closing a parent's estate, and when you are also faced with the issue of your parents having insufficient documentation, and being remote from your siblings… - Zara L.
  • Austin Frye provided legal services to my father while alive and to his estate after his death; when showing the EP docs his firm prepared to other professionals (lawyers, financial advisors, accountants)… - Mark S
  • I've been a client of Austin Frye's for over 10 years. In that time, he's handled my estate/trust planning and asset protection as well as complicated business deals. - Leslie
  • Mr. Frye recently set up a complicated special needs trust for my son and, as usual, did a great job explaining it and in putting our minds at ease about our son's future well-being. - Dr. Howard
Read More...
  • NYSBA
  • Massachusetts Bar Association
  • The Florida Bar 1950
  • CFP
  • Florida Bar Elder Law Member
  • Academy Of Florida Elder Law Attorneys
  • Florida bar Business law Member
  • NAELA National Academy of Elder Law Attorneys, Inc.
Email Us For a Response

Contact Us For Personal Attention To Your Legal Matter

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Office Location

Get In Touch With Us
20900 W. Dixie Highway
Aventura, FL 33180

Toll Free: 877-421-5473
Phone: 305-508-5749
Map & Directions