The attorneys at the Law Offices of Frye & Associates, P.L. offer a variety of legal services with an emphasis
on estate and tax planning,
probate and trust administration, asset protection,
corporate legal services, business succession planning
and foundations.
Estate
& Tax Planning
Estate & Tax planning is a crucial
part of financial planning. A sound and current estate
plan can help you preserve and protect assets during
your lifetime, as well as minimize future estate tax
liability. Our attorneys will work with you to help
ensure your family’s current as well as future
financial security.
The process of assisting clients in preserving
their wealth and in planning a smooth transference to
their loved ones and favorite causes includes preparation
of a comprehensive multi-generational
wealth transfer plan and, then, the
drafting of wills and appropriate trusts. Additionally,
advance directives such as Power of Attorney, Designation
of Health Care Surrogate and Living Wills are drawn
up. Our law offices also provides extended family meetings
and planning to help avoid future complications or to
resolve current conflicts.
Probate
and Trust Administration
The Law Offices of Frye & Associates, P.L. has extensive
experience in dealing with probate
administration:
- Preparing all probate and non-probate
forms
- Transferring documents
- Estate income tax returns
- Gathering and recording all assets.
The Law Offices of Frye & Associates, P.L. also specializes in
administering trusts:
- Implementing tax savings strategies
to increase the net value of the inheritances received
by clients’ families
- Coordinating matters with investment
managers
- Assisting with distributions to beneficiaries.
Asset
Protection
The attorneys at the Law Offices of Frye & Associates, P.L.
understand how vital the protection of assets is to
successful business owners and professionals.
Being named in a lawsuit means time away
from your business as well as tremendous stress on you
and your family. The Law Offices of Frye & Associates,
P.L. can help give you piece of mind by implementing
a plan customized for you and your business. Don’t
make the mistake of waiting until it may be too late
to effectively protect your assets.
By implementing a properly crafted asset
protection plan, and optimizing entity and trust structuring, you can legitimately put a significant portion
of assets out of the reach of creditors and still
retain substantial control over these protected assets.
With proper planning we can help you create tax-advantaged, and often tax exempt sources
of wealth and achieve ongoing wealth protection.
Domestic/Offshore
New bankruptcy and trust laws make it imperative for high net worth clients to review or establish their asset protection plan. For clients in need of asset protection, there are new, attractive options available in both the domestic and offshore arenas.
Domestic Protection-irrevocable trusts are more flexible than they have ever been, and if asset control is an issue, family limited liability companies and family limited liability limited partnerships permit clients to maintain control of the assets within, while achieving protection from creditors and predators without.
Offshore protection-For clients who are more prone to being targeted for lawsuits, such as physicians, taking their asset protection planning offshore may provide the best protection. "Going offshore" permits clients to legally take advantage of foreign laws favorable to protecting their assets and privacy, while simultaneously deterring creditors and lawsuits. Frye & Associates, P.L. works with only the most well-respected foreign trust and management companies and only in jurisdictions known for their stability and favorable laws and judgements regarding foreign asset protection.
Corporate
Legal services
Through the Law Offices of Frye & Associates,
P.L., you have access to a wide variety of services
for small business clients including drafting of partnership
agreements, employment contracts, planning & establishing
most appropriate and strategic corporate entities,
etc.
Business
succession planning
Studies show that more than 50% of
small business owners lack succession plans and more
than 70% of small businesses will not survive the next
generation. Having a business succession plan prepares
family members to deal with future decisions concerning
selling and managing the business. The Law Offices of
Frye & Associates, P.L. can design a well-prepared succession
plan for you, which will include tax planning for a
successful wealth transfer.
Foundations
The Law Offices of Frye & Associates, P.L. can establish a foundation
as a trust, with oversight by trustees, or as a corporation,
under the guidance of a board of directors. Forming
a foundation can provide a family with the ability to:
- Fulfill a philanthropic mission
- Achieve significant tax savings
- Guide and instill desirable values
in family members and future generations
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