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Wills Archives

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.

Is it time to revise your will?

Documenting your wishes in a will is one of the best ways to protect them and ensure they are properly carried out. It can be a difficult process to create a will, but once you have one in place, you can be confident that you, your assets and your loved ones are taken care of.

Challenging a will: who can do it?

You can probably imagine this scene in a movie: a grieving family is together in a room with a lawyer as they prepare to learn what their deceased loved one has left them in their will. The lawyer looks over the documents and start reading the deceased person's last wishes, and as he goes down the list he finally arrives at the treasured home that everyone wants to receive. The lawyer reads off the name of the beneficiary, and everyone gasps in surprise: it's the immature family member that did nothing to "deserve" the asset.

Why wills are important

For Florida residents, having a solid estate plan in place is important to ensure one's assets and property are distributed according to one's wishes after death. Wills are typically considered the cornerstone of any estate plan because they are relatively simple to create and most people are familiar with their concept. However, people may not realize all that wills can accomplish as part of their estate plan.

Estate planning review needed when marriage, divorce happen

Many Floridians place estate planning on the back burner simply because they do not want to think about topics related to dying. However, estate planning is necessary to protect one's assets in the event of one's death. Once an estate plan is in place, it's also important to keep it updated at reasonable intervals.

Estate planning involves determining how to divvy up assets

Many people steer clear of the estate planning process simply because they prefer not to discuss topics related to death. However, estate planning is one of the most important processes to complete. It is also one of the most complicated. The question that many people in Florida and other states have during estate planning is how they should divvy up the assets they plan to pass to the next generation.

Estate planning involves creating wills, trusts

The search continues for the will of the late musician Prince. Without it, his family will have to rely on a probate court's decisions regarding what will happen to all the assets he left behind. The ordeal calls attention to the importance of estate planning, which is essential not just for millionaires but also for ordinary people in Florida. A couple of tips may help people to complete comprehensive estate planning.

Examining some of the most common estate planning mistakes

Last week, our blog discussed how much of the world was not only shocked by the sudden passing of Prince, but also by his failure to have executed even a simple will. Indeed, his estimated $300 million estate is currently at the center of a brewing legal battle among his sister and five half-siblings.

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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