Law Offices of Frye & Vazquez, P.L.
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October 2019 Archives

Estate planning strategies for probate avoidance

When planning your estate, you will probably conclude that probate is an inefficient process that is costly and time-consuming. Probate means that your beneficiaries will inherit a lower portion of your estate due to the costs involved. Understandably, many estate planners are curious about what they can do to avoid probate.

What are the common reasons for a delayed probate process?

At least a portion of most people's estates need to go through the probate process at the end of their lifetime. Probate can be take time and be costly because of the court administration that is involved.

Don't have a will? Neither do most Americans.

There's a curious sort of mindset that people seem to have when thinking about estate planning and drafting a will. On one hand, if asked, they would admit that they need a plan. They know they have assets. They know they have heirs. They know that one day they will pass away and they'll need a plan in place to bring the two together.

Planning for Medicaid eligibility in your senior years

You may have health coverage and a decent nest egg, including significant assets and savings, but as most people in Florida know, it does not take long for a medical emergency or long-term health care to completely wipe you out. At the Law Offices of Frye & Vazquez, P.L., we know that you would rather leave an inheritance to your children instead of losing it all if you require significant health care in your senior years. It can also be concerning to think about affording long-term care with a modest retirement income and limited medical insurance.

What is the death tax?

You may assume that the only escape from taxes is death, but for some residents of Florida and elsewhere, this is not always the case. People above a certain wealth bracket may have their estates taxed upon their death. It is important for you to understand if you are subject to the federal estate tax and if so, how it affects the inheritance you leave to your loved ones.

Choosing a guardian for your parents

Like many Florida residents, you likely think of your parents as responsible caregivers for the family. There may come a time, though, when your parents cannot care for themselves and need you to take over. At the Law Offices of Frye and Vazquez, P.L., we know it is important for you to know when you should appoint a guardian for your parents.

What are the best times to update your will?

If you are someone aged 55 to 64 in Florida who has made out a will, you have taken an important step to protect your family from financial hardship in the event of your death. According to Forbes magazine, you are also in the minority; 51% of your peers across the United States do not have a will. 

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
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