Understanding Implied Trusts in Florida
On behalf of Law Offices of Frye, Fortich & Garcia, P.L. | October 17, 2024 | Trusts
If asked to imagine a trust, what may come to mind first is a written document identifying the grantors, trustees, and beneficiaries, and detailing who gets what assets and how. However, that trust (an express trust) is only one type of trust.
Types of trusts
On behalf of Law Offices of Frye, Fortich & Garcia, P.L. | August 22, 2023 | Trusts
Trusts can be very effective tools for reducing estate taxes and avoiding the Florida probate process.
However, trusts come in countless shapes and sizes and many people do get confused about the types of trusts exist and how they differ from each other.
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.
What is a trustee’s Duty of Loyalty
On behalf of Law Offices of Frye & Vazquez, P.L. | April 25, 2022 | Trusts
Being asked to serve as trustee of a trust account created by a family member, friend, or colleague may be a daunting task. As we can attest to, the relationship between trustees and beneficiaries can be a tenuous one.
Protect Your Family, Money, and Property with a Revocable Living Trust
On behalf of Law Offices of Frye & Vazquez, P.L. | July 26, 2021 | Trusts
A Last Will and Testament is your written instruction as to how your assets will be distributed after you pass away, but a court must give it legal effect through an often costly and time-consuming probate process.
Hiring a Lawyer to Manage Lottery Winnings
On behalf of Law Offices of Frye & Vazquez, P.L. | June 2, 2021 | Trusts
It sounds like a dream come true, but if you’re not careful, it can become a nightmare. If you win the lottery, or find yourself the recipient of any major financial windfall, you might think your biggest decision will be what you should buy first. But the truth is, you’ll need help to keep as much of that money as possible to spend down the road.
Can you use life insurance in more than one way?
On behalf of Law Offices of Frye & Vazquez, P.L. | Jul 18, 2018 | Trust
You have spent considerable time putting together a life insurance policy that will provide added security for you, as well as benefit your family when you pass away. Now, you are wondering if your investment can do more than provide cash after your death. Fortunately, there are a variety of things that your life insurance policy in Florida can be used for. Being aware of what these things are can give you something to discuss with your family members so you can be confident that they use the funds the way you desire for them to be used.
Elder abuse by a relative is disturbingly common
On behalf of Law Offices of Frye & Vazquez, P.L. | May 31, 2018 | Trusts
You might breathe a sigh of relief knowing that your aging parents are being cared for by a family member, such as one of your siblings or one of their adult grandchildren. However, as time passes, you might notice things that make you wonder if your relative is not providing the type of care you would want for your parents. At the Law Offices of Frye & Vazquez, P.L., we believe all elderly Florida residents deserve to be treated with dignity, kindness and respect in their final years.
Proceed with caution when it comes to estate planning and Medicaid
On behalf of Law Offices of Frye & Vazquez, P.L. | Mar 3, 2016 | Trusts
When it comes to planning for their long-term care, many people envision having to rely on Medicaid benefits. While this certainly makes good sense, it’s nevertheless important for those in this situation to understand that the decisions they make concerning estate planning can have an impact on their eligibility for these benefits.
