Now is a great time to become a Florida resident
Ever thought of becoming a Florida resident? There are many great reasons…the weather….great beaches….golf courses galore…Disney…and favorable laws. Yes, favorable laws. Especially when it comes to taxes and asset protection.
Florida has no income, estate, inheritance, gift, intangibles or generation-skipping tax. (The intangibles tax was repealed back in 2007.) Most states, but not all, impose at least one of the above taxes on its residents. It has become increasingly more common for states to repeal their state estate taxes on their residents but some still tax the property of residents of...
Published By: Estate Planning Tax Lawyer - Friday, 17 February