Estate Tax

With the market taking a downturn, now may be a good time to look over your estate plan and think about reducing your estate taxes. You might be worried about your declining stocks, but the reality is that this is a perfect time to enhance your tax and estate...

It's not uncommon for a beneficiary to have to pay an inheritance tax on any estate assets that they receive when someone dies. An inheritance tax is different from an estate tax. The former is a rate that an heir is assessed based on the value of an inherited item...

Florida residents who have substantial assets might need to navigate the federal estate and gift tax laws. While these laws will not impact many people, they can affect the estates of very wealthy individuals.The Tax Cuts and Jobs Act was passed in 2017. Part of that...

If you have recently lost a loved one, you have likely been listed as an heir to their estate. Many heirs assume that the process of receiving their inheritance will be relatively smooth, however, this is not always the case. There are many administrative aspects to...

If you are planning your estate as someone with a high amount of assets, you will likely be concerned about estate taxes. While estate taxes at death are faced by less than 1% of the American population, these individuals must do what they can to minimize the taxes...

When a person passes away, the contents of their estate will be subject to a wide range of fees and procedures. State laws can determine whether an estate will be subject to estate or inheritance taxes. However, federal law also has a large impact on when estates have...

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...

Florida residents may feel as if they don't need to update their estate plan because nothing has changed since they created it. However, it is unlikely that literally nothing has taken place in the years or decades since a will, trust or other document was first...

As Florida resident who is also the recipient of an estate, you will need to handle the estate taxes. You may be wondering what taxes, if any, you are personally responsible for covering. Matters of estate taxes can be quite complex, after all.FindLaw breaks...

Florida residents who are the recipient of an estate will likely have to deal with some form of estate tax, whether it's a death tax or an inheritance tax. But are there ways that you can reduce said taxes? We at the Law Offices of Frye & Vasquez, P.L.,...