Legal Question in Wills and Trusts in Florida

do I have to pay federal tax on money that I was left as beneficary on checking and savings accounts in Florida?


Asked on 2/27/12, 4:23 am

1 Answer from Attorneys
Lucreita Becude Lucreita D. Becude, P.A.

probably not - there is no state inheritance tax here and unless those funds exceed 1.5 million I believe you will be ok. Check with your accountant or contact H&R Block - they do free info.

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Answered on 2/27/12, 8:34 am


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