Category Archives: Domicile
Why Choose Florida as Your Residence
There are many reasons why you might choose Florida as your residence. The sunny weather is a big draw of course but there are legal advantages when it comes to your estate plan to consider Florida. Below are four benefits of choosing Florida as your residence. 1. Florida Has No Income Tax. One of… Read More »
Homestead Exemption in Florida
If you own a home in Florida, you can take advantage of the state’s homestead exemption to aid with your estate planning. Homestead laws in Florida allow up to 0.5 acre for areas inside a municipality and up to 160 acres for areas outside that municipal boundary. But in terms of estate planning, the… Read More »
Use of Pre and Post-Marital Agreements to Protect Assets
Pre and post-marital agreements are important tools for Florida asset protection. A premarital agreement (also known as a prenuptial agreement or prenup) is a legal agreement made by prospective spouses that sets forth each party’s responsibilities and rights during marriage, in the event of divorce, and at death. The difference between a pre and… Read More »
Decoding The Florida Homestead Laws
When one is preparing their estate planning documents, one of the issues that may cause confusion is the Florida homestead, and its exemption from bankruptcy or judgment creditors. This can be of great help for your beneficiaries, ensuring that more of your estate makes it to them rather than winding up in the pockets… Read More »
Florida Domicile & Residency 101
Florida’s population is growing over time, expected to hit 23 million residents by 2025. While this means that there will be more Florida residents, this also means that many more people will choose to make Florida their domicile – essentially their legal residency. While all it takes to be a resident in the colloquial… Read More »
What is the Difference Between a Florida Domicile and a Florida Residence?
As someone who lives in Florida, you may want to take full advantage of the benefits offered by the state’s tax laws and its asset protection laws. To do so, there are steps you should take to become domiciled in Florida. This raises an important question: What is the difference between domicile and residency?… Read More »