• Florida has no State income tax.
• Florida's Estate tax is based solely on the Federal Estate tax and does not take effect unless a Federal Estate tax is paid. Further, even if a Florida Estate tax is levied, the amount paid becomes a credit against the Federal tax.
• Florida gives its residents a $25,000 exemption from the value of any real property used as the homestead. There are also widows' and veterans' exemptions.
• Banking accounts and safe deposit boxes are not closed or "frozen", at the death of an owner.

 Establishing Florida Residency
It is very easy to become a Florida resident.
All you have to do is any one or all of the following: