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

Wills Archives

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.

Planning for incapacity: why and how

Estate planning is about more than deciding what will happen after you die. You also need to decide what happens if you become incapacitated or disabled. At the Law Offices of Frye and Vazquez, we know that no one in Florida wants to think about the possibility of disability or incapacity. Nevertheless, thinking about and planning for it is an aspect of estate planning at least as important as making out a will. It may even be more important because it could affect you directly in the future, while your will only affects those you leave behind. 

Why estate planning is easier with professional help

Estate planning can be a complex endeavor for those living in Florida or anywhere else in the United States. Therefore, it is generally a good idea to create an estate plan with the help of a professional. One attorney remarked that estate planning is akin to waterproofing a basement: While an individual could learn how to do the job him or herself, that person is taking a big risk by not asking for help with such an important project.

Estate planning critical for entrepreneurs

Business owners in Florida may have particular concerns when it comes to planning for the future. Making a will and having an estate plan is essential for everyone who wants to protect their loved ones, but it can be especially crucial for business owners. In many cases, a privately held business may be a major source of family income or comprise a large portion of the owner's estate. It can be important for spouses to talk with each other and develop an understand of how the business will be handled after the owner passes away, especially if the company relies on specialized or technical knowledge.

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