Florida Trust & Probate Attorneys Blog
By Phillip B. Rarick, Esq. and Jay R. Beskin, Esq.
2016 Federal Estate Tax Exemption: $5.45 Million
For 2016 the federal estate and gift tax exemption is now $5.45 million – up from $5.43 million in 2015. This means a single U.S. citizen can leave $5.45 million to their family members and friends and pay no estate tax if they die in Florida since Florida does not have an estate tax. (As some commentators have stated, Florida is a great place to die. For states where you don’t want to die see Where Not To Die)