Probate, Revocable Trusts, And Estate Planning In Miami Beach

As a Miami Beach Probate, Trust, and Estate Planning Attorney, I wanted to share a few examples of where clients have found me helpful regarding moving to Florida and claiming Florida as your state of domicile or residency.

Why Move Your Residency To Florida?

Florida Residents May Avoid State Tax

When a Florida resident dies with Florida only property there is no state death tax. Other states may have a state death tax, but as of today, Florida does not. This is why people say Florida is a great state to live and die in. Many older people are moving to Miami Beach, Florida to retire and take advantage of this. Also, many young parents with young children are moving to Florida to have a better quality of life- warmer weather, less layers of clothing, more outdoor play time, and an easier lifestyle.

Establishing Your Domicile In Miami Beach, Florida Can Prevent Unintended Tax Consequences. What Can You Do To Prove Florida Is Your State Of Residence?

  • Live here. Spend a majority of your time in Miami Beach, Florida, and reside in a home that you own and claim as your homestead.
  • Draft a proper estate plan in Miami Beach, Florida which includes a Will, Revocable Trust, Limited Power of Attorney, and health care documents.
  • File a Declaration of Domicile.
  • Register to vote and obtain a Florida Driver’s License.
  • File your taxes as a resident of Florida.
  • Own your assets in Florida- bank accounts, investment accounts, and real estate.
  • Attend synagogue or church in Florida.

***Please note, if a person dies in Florida and owns property and/or other assets in other states or countries, they may be subject to tax in each state or country.

Estate Planning Attorney In Miami Beach

An Estate Planning attorney is needed to assess each individual situation and determine the best plan of action. At Ally Glaser, P.A., we are skilled in dealing with changes of residency from another state to Florida and can advise you on an individual basis if this is appropriate for your specific circumstances.

Experience Matters In Estate Planning

At Ally Glaser, P.A, we are experienced in dealing with couples living together, couples living separately, married people with separate assets, married people with joint assets, individuals with assets here and in different states and countries. We also help parents who want to protect young children from inheriting too much, too soon, and thus, can choose to spread out their inheritance throughout many years and multiple distributions. At Ally Glaser, P.A. we also work with people who recently moved here from another state and are now claiming Florida as their state of residency.

Ally Glaser Pa In Miami Beach, Florida Is Unique

At Ally Glaser, PA, in Miami Beach, Florida, we do holistic estate planning and also handle probate and trust administration matters with care and concern for the loved ones left behind. We are happy to help you during these challenging times and have many years of experience dealing with these sensitive issues.