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

Estate planning tips for couples without children

Many couples in Florida and other states are opting not to have children. In addition to simply not wanting to be parents, couples have concerns about global instability, their parenting skills and their finances. But just because a couple decides not to have children, this does not mean that they should not think about estate planning.

Couples who decide not to have children still need a will. They need to decide where their assets will go if they die simultaneously, perhaps in an accident. Of course, if one spouse dies, their assets go to the other spouse. However, if neither individual has a will and they die, it is likely that the case will go to probate court, and then it will be decided who in their family should inherit their assets. It's much better for a couple to make their wishes known.

A power of attorney is a document that allows an individual to appoint someone they trust to handle things like managing their investments, dealing with property matters, paying bills or completing other tasks if an individual is unable to perform them on their own. There are different types of powers of attorney that are available, including a durable POA, springing POA and general POA.

Couples without children sometimes want to leave their assets behind to religious institutions, high school alma maters, charities and other organizations. There are a variety of trusts that can be used to help a couple decide where they will want their money to go.

An individual who is interested in donating money to charitable organizations upon their death may want to consult with an estate planning attorney. The attorney may be able to help ensure that the organization receives the most benefit from an individual's request. They may be able to provide information about how to draw up a will, a power of attorney and other documents.

No Comments

Leave a comment
Comment Information

What Our Clients Are Saying

  • I have known and worked with Austin Frye and his team since 2008. In that time he has helped serve both my business and personal legal planning needs. From guidance on reviewing and keeping shareholder and state documentation up to date... - Robert
  • 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
Miami, FL 33180

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