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Florida Elder Law Blog - A blog by Elder Law Associates, South Florida's premier elder law attorneys, who handle elder law, medicaid planning, guardianships and much, much more.

Tuesday, December 6, 2011

 

South Florida Elder Law: Estate Planning Considerations for Out-of-State Property

It is not uncommon for Florida residents to own real and tangible personal property, directly or indirectly, located in one or more of the other 49 United States. It is somewhat less common for this property to be integrated into a comprehensive estate plan that takes into account the additional probate and state estate and inheritance tax issues that may be caused by the ownership. Although the issues raised by such ownership and the solutions available will vary greatly from situation to situation, this article briefly covers some of the more important estate planning considerations to keep in mind when dealing with ownership of non-Florida property by a Florida-based client.

Click here to read the full article by Patrick J. Lannon in The Florida Bar Journal.

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It is less common for this property to be integrated in to a comprehensive estate plan that takes in to account the additional probate and state estate.

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