Types of Guardianship
On behalf of Law Offices of Frye & Vazquez, P.L. | February 20, 2023 | Guardianships & Conservatorships
A Guardianship is a legal arrangement in which a person, called a Guardian, is appointed by a court to manage the financial affairs and/or personal care of another person, called the Ward. There are several different types of Guardianships,
Appointing a Personal Representative for Your Estate
On behalf of Law Offices of Frye, Fortich & Garcia, P.L. | January 16, 2023 | Estate Administration & Probate
You may have heard the terms “Executor” “Executrix” “Administrator” “Administratrix”, or “Personal Representative.” These are all synonymous terms used to describe the person entrusted with administering the estate of a person that has passed away. Florida uses the term “Personal Representative” for this person.
Strategies to Reduce or Eliminate a Death Tax
On behalf of Law Offices of Frye, Fortich & Garcia, P.L. | December 15, 2022 | Estate Taxes
Estate tax, also mistakenly referred to as inheritance tax or death tax, is a tax on the assets of an individual that has died. Inheritance itself is not a taxable event, as the tax is paid by the estate of the deceased based upon the value of the decedent’s assets at time of death. In the United States, estate tax is levied by the federal government and a few state governments.
Asset Protection Strategies
Asset protection refers to techniques, strategies, and laws that aims to protect assets against third party claims.
Planning For an Uncertain Future
On behalf of Law Offices of Frye, Fortich & Garcia, P.L. | October 5, 2022 | Estate Planning
It goes without saying that one of the best days in your life, as you age, is the day you finally retire. Indeed, after decades spent putting in long days and making long commutes, you are finally free to enjoy the fruits of your labor, perhaps taking up a hobby full-time, relocating to a dream spot, or just enjoying the absence of an agenda.
Benefits of Estate Planning
On behalf of Law Offices of Frye, Fortich & Garcia, P.L. | September 12, 2022 | Estate Planning
Why should you get your estate plan taken care of as soon as possible?
Trusts
On behalf of Law Offices of Frye, Fortich & Garcia, P.L. | August 15, 2022 | Trusts
A trust is popular estate planning tool that families can use to create a financial legacy for years to come. You know your family best, and a trust can help you customize how you provide for your family, both during your lifetime and after your death.
Beneficiaries in your Estate Planning
On behalf of Law Offices of Frye, Fortich & Garcia, P.L. | July 25, 2022 | Estate Planning
You’re not alone; many Florida residents tend to put off their estate planning. It may be an uncomfortable decision for some, or others could be too busy with their lives to bother. For most of us, it’s easier just to say we’ll do it later.
Adopted Children and Stepchildren, Estate Planning, And You
On behalf of Law Offices of Frye, Fortich & Garcia, P.L. | June 27, 2022 | Estate Planning
Florida law treats adopted children and stepchildren differently for the purposes of inheritance. Legally adopted children are treated the same as children born to their parents and are considered lineal descendants of their adoptive parents and grandparents.
Things you should Know About Gifts and Reporting to The IRS
On behalf of Law Offices of Frye, Fortich & Garcia, P.L. | June 1, 2022 | Estate Planning
Most gifts are not subject to federal income tax and do not need to be reported to the Internal Revenue Service as income. For instance, you can give a gift to your wife or make a philanthropic donation to a charity without their being subject to the gift tax. (In fact, charitable donations are often tax-deductible.)
