STUART ESTATE PLANNING ATTORNEY
Advantages of Florida Residency
If you are thinking about starting the estate planning process, you may want to consider Florida residency if you have not yet done so. There are many advantages to becoming a Florida resident, especially when it comes to your estate. For one, our great state has no personal income tax. Even Florida counties are prevented from imposing any kind of income tax on their residents, making Florida a great option for residency during this time in your life. What may be even more important is that Florida has absolutely no estate taxes, which means your beneficiaries will not have any money taken from their inheritance because of a death or inheritance tax.
There are many other benefits to residency, such as various types of asset protection as well as creditor exemption. Becoming a Florida resident is easy. For one, you may file a “Declaration of Domicile” agreement with your county that states your intent to reside in the state. You must also provide evidence of your residency, which may include things like your address, place of employment, proof of voter registration and a Florida driver’s license. For more information on how you can become a Florida resident and benefit from the state’s various laws regarding estate, call our firm today.
Get in touch with a Stuart lawyer from Crary Buchanan!
You may strongly want to consider the advantages of making yourself a Florida resident. The process is fairly easy and it will likely benefit you and your family when it comes to estate planning. A Stuart lawyer from our firm can fully explain this process to you and provide you with the personalized legal advice. Our firm is trusted in the state of Florida to provide the best legal representation for those facing estate planning issues.
To find out more about how Crary Buchanan can help you, contact a Stuart estate planning attorney from our firm today.