Florida Residents Escape Income, Estate Tax Burdens
If you are a Florida resident working on your estate plan, you are probably already aware that careful maneuvering may be required to avoid a massive tax burden for your heirs. It is important to remember that state and federal tax differ not only based on how much you own, but it also relates to where you live. With that in mind, the experts at financial magazines have compiled a list of states where dying is radically more expensive than in other locations. Estate planners should remember that 19 states impose independent estate taxes on their residents. Even those who live in states without these taxes in place should tread with caution, as many of [..]
