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Wills Archives

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 we can learn from Prince's lack of estate planning

In a post back in January, our blog discussed how the late David Bowie was something of an anomaly in the music business given the degree of care he demonstrated building -- and most likely protecting -- his $200 million-plus fortune. Specifically, we discussed how experts theorized that it was highly likely that the shrewd Bowie utilized some form or irrevocable or revocable trusts to pass on his assets in a bid to maximize tax savings and keep his affairs private.

Estate planning offers several benefits

Talking about the possibility of dying is typically not one of a person's favorite activities to do. For this reason, estate planning is often ignored in Florida and other states. However, estate planning has proved to be beneficial in a wide range of circumstances.

Helping you address the uncomfortable and plan for the unexpected

When it comes to our health and, by extension, our longevity, the simple truth is that most of us believe we will live well into our 80s or even our 90s. This is especially true for those of us who enjoy an active lifestyle -- exercising regularly, eating right, taking vitamins, and even making a point to avoid unsafe or damaging activities.

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.
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  • 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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