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January 2014 Archives

Trust administration dispute could cost of millions

When individuals are given the responsibility of managing a high-asset trust, they are charged with distributing large amounts of funds and property on behalf of another individual’s estate. And in cases where the estate is dynamic and growing, trustees can be greatly involved in the process of administering trusts, warranting compensation for their efforts. The question is, then, how much money are trustees actually entitled to? That is the question at the heart of one dispute between the estate and foundation of a famous painter and the three individuals he chose as his trustees.

State estate taxes important to consider when estate planning

In the past, for many Floridians, as well as people in other states across the nation, consideration for the possible federal estate tax liability was among the factors taken into account during their estate planning. While the changes to the federal estate tax exemptions have resulted in fewer people owing federal estate tax on inheritances, there still may be situations in which it is a good idea to plan for death taxes.

What Our Clients Are Saying

  • 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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