What is the death tax? can I minimize the effect of the death tax through estate planning?
There is no death tax in Florida. That’s why many people, especially elderly people, move to Florida. There’s a federal death tax. If someone dies with more than $11.2 million, they will pay a 40% tax above that amount.
A qualified estate planning attorney will discuss with you the various ways to minimize the death tax through various types of trusts and estate planning tactics.