Legal Question in Wills and Trusts in Florida
Revokable trust transfer from Hi to Fl ramifications?
If I move my residency from Hawaii to Florida, what
actions must I take for transferring my revocable
trusts from one state to the other?
Asked on 2/24/00, 1:40 am
1 Answer from Attorneys
Re: Revokable trust transfer from Hi to Fl ramifications?
My first concern is that if the trustee becomes a resident of Florida, under Florida statutes the situs of the trust then becomes Florida and, depending on the assets within the trust, Florida Intangible Taxes may be due on an annual basis. Welcome to Florida.
Answered on 3/10/00, 2:52 pm