- Estate Planning Developments in Florida
- December 13, 2013
- Law Firm: Hinshaw Culbertson LLP - Chicago Office
Because Florida’s estate tax is tied to the federal state death tax credit, Florida’s estate tax will remain dormant for the foreseeable future.
Florida amended its statutory health surrogate and durable power statutes in 2013. This would be a good time to update both documents if you are a Florida resident.
Finally, a number of taxpayers are considering changing their domiciles to Florida in order to reap significant tax planning benefits. This should not be attempted without the advice of counsel.