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                                                                                                                     December 2011

 
In This Issue
Sticker Shock
"Famous" Estate Planning Moves
Special Deliveries
Client Corner
 
Austin Frye Featured On Channel 10 News

 

WPLG

 

 
LPL Financial Research


 
Honors

 

Austin Frye named as one of the top

150 Financial Advisors
in the Nation  


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award details

 

 
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Yikes!
Do Florida Pre-Paid Tuition Plans Still Make Sense? 


Florida's prepaid college tuition program has long been an extremely popular, almost "no-brainer," option for Florida residents. However, the new 2012 plan price of $49,293 to pre-purchase 4 years of college for a newborn should give parents and grandparents pause. Most families are shocked to learn of the current price considering that five years ago this same plan could be had for $11,717!!!

 

If tuitions continue to increase substantially every year the plan could end up being a smart choice. But if tuition increases slow down, a family could end up losing money on the deal. Families should consider all options; less expensive state education plans as well as private tax advantaged college savings plan. With the new sticker price, the Florida prepaid plan is now anything but a "no-brainer" and families are advised to review education planning with qualified consultants.

 

For further details on state school tuitions and the various options read on: Is Florida's "Prepaid College" A Good Option? Do The Math 


Prior to investing in a 529 Plan investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's qualified tuition program. Withdrawals used for qualified expenses level may vary. Please consult with your tax advisor before investing.
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"Famous" Estate Planning Moves

It Gets Curioser and Curioser
Joe Paterno's Asset Protection Move

 

PaternoOften times, when scandals unfold, one can learn much from examining the recent estate planning and asset protection moves made by the involved parties. In spite of his attorney's protestations to the contrary, there is a clear sign that Joe Paterno did indeed see trouble brewing on the horizon and was aware months prior to the Penn State scandal breaking that he could potentially be facing personal exposure and liability. Why else would he have transferred ownership of his home to his wife for $1.00  in the months leading up to the abuse story breaking? 

 

Read On:  Joe Paterno's Curious Real Estate Move 


An Ailing Steve Jobs Protected His Family 


As the debate surrounding the true character of the late Steve Jobs continues, one thing is for certain; In 2009, as he struggled with his illness, he prioritized taking the right steps  to protect his family's privacy and to minimize estate taxes.

Real estate records of that year show details about real estate property Jobs transferred into trusts. Living Trusts, when properly established and funded prior to death , offer the advantage  of not having to pass through the probate process. Wills must pass through Probate court and, as such, become public record.

 

Read On: Steve Jobs Appears to Have Protected His Estate With Living Trusts   

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Special Deliveries


The Stork Is On Its Way


Frye Financial administrative assistant  Deanna,  is expecting a baby girl in January.

We helped prepare her for the big moment with a special, surprise Frye Financial baby shower. 

 

 

Introducing Baby Sarah Esther!

We are thrilled to greet the latest Sapoznik family member, baby girl Sarah Esther, born on October 11 weighing in at  6lbs 3oz.  She is the first grandchild of long time clients and friends Rachel Sapoznik and Mario Sapoznik. Isaac and Aliza Sapoznik  are the proud parents.     

Rachel is the founder and CEO of Sapoznik Insurance, one of the leading health insurance agencies in Florida, specializing in negotiating the best possible health insurance plans for her business clients. 
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Client Corner 

A Star Is Born!

 

Remember his name, because Max Greenberg is on his way to the top!

 

Long-time clients Leslie & Larry Greenberg of Lerner, Greenberg, Stemer, LLP are in the midst of a production tour with their adorable son, Max Greenberg.   

 

Max recently wrapped on A Christmas Carol at the Broward Center for the Performing Arts as Tiny Tim and heads to Tampa for another holiday show. 

His impressive resume already includes such classics as Oliver and The Music Man.   

 

Next stop Broadway!

Frye Financial Center                                                               (305) 931-3200 office

20900 West Dixie Highway                                                       (305) 931-9383 fax

Aventura,FL 33180                                                                     www.fryefinancial.com

                                                       

Securities offered through LPL Financial, member FINRA/SIPC

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.  To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing.  All performance referenced is historical and is no guarantee of future results.  All indices are unmanaged and cannot be invested into directly.