Taxes
Will the Government Get Your Money If You Die Without a Will in Florida? 5 Probate Myths (Part 2)
It is a common, lingering fear for many people: if you pass away without leaving behind a formal Last Will and Testament, the state will step in and seize your hard-earned bank accounts, property, and assets. No, the government does not automatically get your money if you die without a Will in Florida. In reality,… read more
Read MoreInherited Money Generally Not Taxable
“Do I have to pay Federal Income Tax on my inheritance?” Clients are constantly asking us if their inheritances are subject to federal income tax, and with certain exceptions such as IRAs with deferred tax portions, the answer is usually no. Neither Florida nor the federal government will impose a tax on you for inheriting… read more
Read MoreFinally, a Book to Recommend
People often ask us if we can recommend estate administration or estate planning services, software or books, and we’ve been looking, honestly. Sadly, the answer is usually “no.” Florida law has just enough oddities that anything written for a national audience almost always fails to spot all the places where Florida law differs. But we’re… read more
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