Real Estate Accountant Near Me: Read This First

Estate Accountant Near Me

When it comes to inheritance planning, many people feel overwhelmed. It’s not just about having a will. You also need to understand tax laws, avoid probate, and make sure your loved ones get what you intended. Did you know that over 60% of Americans don’t have an estate plan? Without one, your assets could get tied up in court and cost your family money.

Let’s break down what you need to know about Florida estate tax, inheritance tax planning, and how a professional can help.

Does Florida Have an Inheritance Tax?

No, Florida does not have an inheritance tax or estate tax. That’s right—there’s no Florida estate tax or state-level inheritance tax, which is a major advantage for residents.

However, that doesn’t mean you’re in the clear. The federal estate tax still applies to estates above a certain amount. In 2025, that amount is $13.71 million for individuals. Anything above that could be taxed up to 40% by the IRS.

What Is the Estate Tax in Florida?

People often ask, “What is the estate tax in Florida?” or “Does Florida have an estate tax or inheritance tax?” The answer is simple: Florida does not impose either. But if your estate is large, you could still face federal taxes—and that’s where proper planning comes in.

Inheritance Tax Planning: Why It Matters

Even if you’re not taxed by the state, good inheritance tax planning can help you:

  • Avoid probate
  • Reduce federal taxes
  • Protect your family’s inheritance

A qualified estate accountant can guide you through this process. They use tools like trusts, gifting strategies, and asset transfers to help you save.

Example:

Jane, a retiree in Miami, worked with an estate accountant to create a revocable living trust. This helped her skip probate and pass her assets directly to her children—fast and tax-free.

Learn how a Fort Myers tax accountant can help you save on taxes.

How Much Can You Inherit Without Paying Taxes in Florida?

Taxes with an Estate Accountant Near Me

Because Florida has no inheritance tax, you can inherit any amount from a Florida resident without paying state taxes. But remember, the federal government may tax estates over $13.71 million.

This leads many people to ask, “Why is it important to know the tax implications of giving away money or an inheritance?” It’s important because the IRS has strict rules on both gift taxes and estate taxes. Giving away too much, too fast—without a plan—can trigger unexpected tax bills.

Real Florida Example:

A Tampa family tried to handle their estate planning without help. They didn’t realize they were missing valuable tax exemptions. Later, an accountant found the errors—they could’ve saved $50,000 with better planning.

What to Look for in an Estate Accountant

When you search for an “estate accountant near me”, here’s what to consider:

  • Experience – Choose someone who understands Florida estate tax laws and federal rules
  • Credentials – Look for a CPA who specializes in inheritance tax planning
  • Strategic Advice – A good accountant will create custom solutions like trusts or lifetime gifting plans

Case Study:

A business owner in Naples had a $20 million estate. His accountant used a grantor-retained annuity trust (GRAT) to move wealth to his heirs with little to no tax impact. That’s the power of smart planning.

Common Estate Planning Mistakes to Avoid

  • Not updating your estate plan after big life events
  • Ignoring tax laws when gifting money
  • Forgetting to set up beneficiaries and avoid probate

Conclusion

Even though there’s no Florida inheritance tax, your estate can still face federal taxes, court delays, and legal costs without a plan. An estate accountant can help you save time, money, and stress.

Ready to protect your legacy? We can help you reduce taxes, plan ahead, and make sure your wishes are followed. Talk to an expert today—your future self will thank you.

If you’re looking to lower taxes, protect assets, or ensure easy estate distribution, an estate accountant can be a huge help. They offer the guidance you need for smart inheritance planning. Secure your future now—contact us today

FAQ

Does Florida have an inheritance tax?

No. Florida does not have an inheritance tax or estate tax.

What is the inheritance tax in Florida?

There is no inheritance tax in Florida. Only the federal government taxes large estates.

Does Florida have an estate tax or inheritance tax?

No, Florida has neither. But you still need to plan for federal taxes.

How much can you inherit without paying taxes in Florida?

You can inherit any amount without state tax. But federal taxes may apply to estates over $13.71 million.

Why is it important to know the tax implications of giving away money or an inheritance?

Because giving too much without a plan can cause unintended tax consequences under federal law.

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