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.
On behalf of Law Offices of Frye & Vazquez, P.L. | Nov 10, 2017 | Estate Administration & Probate
If you are a Florida resident who has not yet made a will, you probably will be shocked to discover that the state of Florida has made one for you – sort of. The Florida Bar explains that if you die without having made a will, you are considered to have died intestate and your probate assets will be distributed according to Florida law.
On behalf of Law Offices of Frye & Vazquez, P.L. | Oct 31, 2017 | Wills
For those beginning the estate planning process in Miami, the ultimate goal is to create an inheritance plan that reflects their true wishes, while also being able to avoid disputes between their beneficiaries. The said reality is, however, that it is often impossible to please everyone, especially when it comes to estate matters. Thus, will contests can be a common occurrence.
On behalf of Law Offices of Frye & Vazquez, P.L. | Sep 19, 2017 | Estate Planning & Probate
As the probate process begins for the estate of your loved one in Miami, you will likely immediately learn of the importance of a personal representative. A personal representative is the one appointed (either by your loved one in his or her will, the court, or your own nomination) to oversee the administration of the estate.
On behalf of Law Offices of Frye & Vazquez, P.L. | Aug 8, 2017 | Estate Tax
Your entrepreneurial pursuits in Miami have hopefully yielded a significant windfall for you and your family, and provided people in the local community with jobs. Yet what happens to your business after you are gone? If you have earned significant personal assets, your estate could be subject to the federal estate tax. Many small business owners in your same position come to us here at The Law Offices of Frye and Vazquez, P.L. concerned that their having to pay the estate tax will force the sale of their companies. Should you be sharing this same concern?
On behalf of Law Offices of Frye & Vazquez, P.L. | Jul 6, 2017 | Estate Administration & Probate
You may hear news of disputes over wills in Miami and automatically write them off to simply being the desperate actions of jealous people who are upset about being disinherited. Yet it has been our experience here at The Law Offices of Frye & Vazquez, P.L. that the motives of those who have come to us with questions regarding the validity of a will are typically not financial. Rather, their concerns were primarily over the potential of their loved ones being taken advantage of.
On behalf of Law Offices of Frye & Vazquez, P.L. | Jun 5, 2017 | Wills
Questions often arise amongst people in Miami regarding what happens when a person dies without ever having made a will. The answer is that his or her assets and property are transferred to others according to the state’s rules regulating intestate succession. The general details of Florida’s intestate succession guidelines have been shared in this blog in the past, however many may wonder how such regulations treat what is often one’s most valuable asset: his or her home.
On behalf of Law Offices of Frye & Vazquez, P.L. | May 9, 2017 | Wills
Whenever you hear news of an estate dispute in Miami, oftentimes the central issue in such cases is the validity of one will over another. We here at The Law Offices of Frye and Vazquez, P.L. can attest to the fact that such disputes can often be avoided by you being as transparent as possible during the estate planning process. Say that you have followed the advice of estate planning experts and created a will early on in your adult life.
On behalf of Law Offices of Frye & Vazquez, P.L. | Apr 3, 2017 | Estate Tax
As the executor for the estate of a family member or friend in Miami, the one area that may cause you the most trepidation is dealing with the having to pay estate taxes. Those who come to us here at The Law Offices of Frye and Vazquez, P.L. with their tax questions typically want to know two things: First, if their loved one’s estate is even required to pay taxes. If it is, then they typically want to know how long they have to pay them.
On behalf of Law Offices of Frye & Vazquez, P.L. | Mar 10, 2017 | Estate Administration & Probate
One of the main reasons that estate planning experts in Miami recommend that you and your loved ones start addressing end-of-life issues when you are young is to avoid having your estate go to probate. Yet despite these expert recommendations, a good number of estate cases still end going through the state’s probate courts every year.
