ESTATE PLANNING IN MIAMI BEACH, FLORIDA, DID YOU MOVE TO FLORIDA AND DO YOU WANT TO ESTABLISH RESIDENCY IN FLORIDA?
If you moved from another state and want to become a Florida resident, you are not alone. Florida ranks the number one destination for Americans looking to relocate to a new state. With over 2 million residents, Dade County is the largest county. Some of the benefits to changing your residency to Florida are the no state income tax, no state estate tax, the homestead exemption, warm weather year-round, and an easy starting point for most travel, especially cruises.
WHY DO I WANT THE HOMESTEAD EXEMPTION? DO I NEED A NEW TRUST?
If you have an out of state trust, Miami-Dade County will require you to do a new trust with the Florida homestead language included in your trust. They will also require you to have a Florida driver’s license and to be registered to vote in Florida. The homestead office confirms this information after you have submitted a homestead application, which you can do from January-March of each year. Homestead applications may be submitted online at www.miamidade.gov/pa or in person in downtown Miami at 111 NW 1st Street, Suite 710, Monday-Friday from 8am-5pm, excluding all legal holidays.
WHAT IS THIS ZERO INCOME TAX POLICY?
The sunshine state can save you money on taxes. A Florida resident pays property and sales tax, but no state income tax. Thus, leaving you money for savings, travel, or the many cultural events that Miami offers. Florida also has no state estate tax so it is the perfect state to live and to die, leaving you and your loved ones with more money and less taxes to pay.
HOW DO I GET A NEW TRUST CREATED AND OTHER FLORIDA DOCUMENTS?
To create a new trust and other Florida documents, you must hire a Miami Beach, FL estate planning attorney. An experienced estate planning attorney in Miami Beach, Florida will guide you, inform you of the Florida procedures, and assist in creating a new set of documents that better serve and protect you as a Miami-Dade Florida resident. In addition to a Florida trust, it is usually best to also have a Florida last will and testament, a Florida durable power of attorney, and Florida health care documents.
WHY SHOULD I USE ALLY M. GLASER, PA TO HANDLE YOUR WILLS AND TRUSTS, ESTATE PLANNING IN MIAMI BEACH,FL AND MIAMI-DADE AND BROWARD PROBATE MATTERS?
As a Miami Beach Estate Planning, Wills and Trusts and Probate Attorney in Miami Beach, Florida with over twenty-seven years of experience and both a Psychology and Law degree, I handle these matters with knowledge and sensitivity. I am familiar and comfortable with both the Miami-Dade probate court system and Broward County probate court and know how to get things done. Additionally, because I do both estate planning and probate law, I am familiar with the challenges of each and provide my clients with additional protections. Call or email me today to discuss your Miami Beach, Florida Estate Planning, Wills and Trusts and Miami-Dade County, Florida Probate matters. I am happy to help you and your loved ones during this important process.