Julie Frey answers commonly asked questions about having a will on Fox 35 News Good Day Orlando this morning. Click here to watch the video.
Julie Frey Discusses Wills on Fox 35 News Good Day Orlando
Tune in on Wednesday, May 7th at 7:30 am as Julie Frey discusses the importance of wills and what you should know on Fox 35 News Good Day Orlando
A Trust for Your Wine Collection?
The increased popularity of wine has led to an increase in fine wine prices around the world. In 2013, Christie’s Auction House received a winning bid of $476,280 for a case of Romanée-Conti Grand Cru — Vintage 1978, Côte de Nuits – a world record for a case of 12 bottles of wine. Of course, you don’t have to make a winning bid to Christie’s Auction House to build a valuable wine collection. Many clients have established valuable wine collections in their homes or in storage facilities without ever participating in an auction. A client may want the collection to stay in his or her family for future generations to enjoy. A purpose trust for the wine collection may be just the tool to achieve the client’s goals. A purpose trust is created to carry out a specific objective of the person who creates the trust rather than creating a trust for the benefit of individual beneficiaries. A purpose trust can be an effective planning tool for a wine collection that is meant to be held long-term by providing some of the following benefits:
Are You Prepared for Your Aging Parents?
Clients often ask me how and when to prepare for their aging parents. While dealing with this can be trying — emotionally and financially — you can make the process much easier if you begin to prepare before your parents face serious health problems. Some of the first steps to take include: assessing your parent’s financial situation, determining your parent’s concerns and talking about their estate planning. To find out more, click the image below.
You moved to Florida, do you need a new Will?
Not always, but there are several important reasons you should consult with an estate planning attorney to be sure. Most states will give effect to a Will executed properly in the state where the Will was created. However, if the testator is a Florida resident when he or she signs a Will in another state, even if the Will is properly executed in the other state, it will not be valid in Florida unless the execution also meets Florida’s requirements for the execution of testamentary documents. In other words, if a Will is signed in Minnesota at the time the individual is a Minnesota resident, and later the individual moves to Florida, the Will will be valid in Florida. On the other hand, if a Florida resident executes a Will in Minnesota which satisfies the execution requirements in Minnesota, but not in Florida, the Will is not valid in Florida. For a valid Will to be admissible to probate in Florida, it must have a self-proving affidavit executed at the same time as the Wills or the person admitting the Will must offer the testimony or a notarized Oath of one of the witnesses to the Will.