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Many people wonder, is there an inheritance tax in Florida? In other words, do you owe taxes on the money you inherit when a loved one passes?
The good news is Florida is a great state to live in for the wealthy (or anyone for that matter) as there are no inheritance taxes or income taxes, but there are still factors anyone living in Florida should know when setting up their estate.
When you think of Florida, lots of images come to mind. There are the beaches, Disney World and sunshine. There are also alligators, hurricanes and well, Florida Man. So what are the advantages and disadvantages of living in Florida?
Finally, is making the move to Florida worth it? I’ll answer that for you today. I will keep my biases as low as possible since I have been here for most of my life.
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