When you choose to accept the responsibility of becoming the trustee of a trust or the executor of a Florida estate, you become a fiduciary. What this means is that you must work for the benefit of the trust or estate in performing your duties rather in your own interests. In other words, you must follow the wishes of the trust's grantor or the estate's decedent.
At the Law Offices of Frye & Vazquez, PL, in Florida, we know how hard you work throughout your life to accumulate wealth. We also know how hard you work to protect this family wealth so that you can pass it on to your heirs. The last thing you want is for your estate to have to pay a huge estate tax and your heirs to each have to pay an inheritance tax.
At the Law Offices of Frye & Vazquez, PL, in Florida, we understand how difficult your life becomes if your parent or another family member becomes incapacitated to the point where (s)he cannot manage some or all of his or her own affairs. For instance, you may discover that your elderly parent is neglecting his or her personal hygiene, failing to pay bills on time, mishandling his or her medications, or having any number of other difficulties.
Ideally, everyone would keep their mental and physical faculties until their final days. However, as we at the Law Offices of Frye & Vazquez, P.L., are aware, this scenario does not occur for every Florida resident. Whether you are suffering from a degenerative age-related condition or you experience an unexpected accident that leaves you incapacitated, leaving this life in perfect health is not guaranteed.