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. For example, some are full-time caregivers for their grandkids, and they may be unsure of what their estate planning options are to make sure that their grandkids continue to receive the care they need after they pass away.
Residents in Florida who haven't dealt with estate law before are possibly feeling overwhelmed the first time they really start looking into it. The Law Offices of Frye & Vazquez, P.L., are here to help guide you through the basics first. First we'll take a look at wills, and the importance of their validity.
Florida parents may find it difficult to imagine a time when they will not be there to watch their kids grow up. It is important to remember, though, that sometimes life does not go the way people expect. If parents are unable to care for their children, it is necessary for the kids to have a guardian.
Many families are spread across the country these days. This leads to a unique set of issues with interstate transfers of estate property. Florida does not collect death taxes, but other states may do so.
If you have considered the idea of setting up a special needs trust for the benefit of your disabled California child, you must first determine whether or not (s)he qualifies for such a trust. Since "special needs" constitutes a very broad term, many illnesses, conditions and disabilities fall within it.