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Wills Archives

What are the requirements for a valid will?

As someone considering how to pass on your assets, it is important to know that certain types of wills are not considered valid in the state of Florida. Today, we will take a look at the steps that you must take in order to ensure that your will is considered valid in the eyes of the law.

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.

Why estate planning makes sense for young adults

People often view the preparation of wills or trusts as something that older estate owners in Florida need to do. While this is true, everyone should consider estate planning as soon as they reach adult age. Even if a young person does not have any assets, official documents that name agents to handle financial affairs and address health care decisions might spare relatives from the delay and expense of petitioning a probate court.

A look at the legality of holographic wills

Florida state residents have several options when they are looking into creating a will. However, it should be done with care, because even one mistake could potentially invalidate it. In fact, some types of wills are completely invalid even if done correctly, such as a holographic will.

Planning your estate for your unique assets

In a recent article about Florida timeshares and estate planning, we looked at one of the most commonly contentious assets in the probate courts. We believe that a practical and well-maintained estate plan has the power to turn these types of potential problems into assets that distribute seamlessly to your beneficiaries.

The benefits of having a will in addition to a trust

Trusts have allowed many people in Florida to develop new ways of handling their estate planning. They can provide some benefits during an estate owner's lifetime as well as create a flexible framework for the distribution of assets after death. For wealthier individuals, trusts have become a standard to manage passing assets from generation to generation. They can be used to create legacies that pass on over multiple generations or to set up a framework to pursue charitable giving or philanthropy. In addition, unlike wills, which go through the probate process, trusts are not public documents. This means that trust creators have a higher level of privacy about how their assets are distributed.

The basics of estate planning

Many Florida residents put off estate planning because the prospect of drafting wills, trusts and powers of attorney seems daunting. The process may be less confusing if it is approached with beneficiaries rather than assets in mind. People generally want to know that their loved ones will be taken care of if something should happen to them, and the best way to go into estate planning could be with this goal in mind.

Why estate planning is important for everyone

When an entertainer passes on, their fans in Florida and throughout the country tend to listen to that person's music or watch that person's movies. This means that a deceased performer may continue to make money after he or she dies. It is estimated that Michael Jackson made $1 billion in revenue in the first year after he died. However, celebrities such as Aretha Franklin and Prince had no estate plan at the time of their deaths.

Disadvantages of a do-it-yourself will

Some Florida residents might assume that a do-it-yourself will is easier and cheaper than having a lawyer help prepare an estate plan. In fact, there can be a number of disadvantages to a DIY will, and it can be more costly to family members in the long run. Furthermore, a will does not just deal with the disposition of property. It can also appoint a guardian for minor children.

Estate plans and chronic illness

Almost 157 million people around the country will have a chronic illness by 2020. Florida residents who have a chronic illness or have a loved one who is chronically ill should make sure that their estate plans include the legal documents that directly address their age-related and health-related challenges.

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
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