Am I a Florida Resident?
Do you know how to answer this question? If not, you need to find out! Many factors can determine domicile in Florida. Where you are domiciled can make or break your estate planning. Factors to consider include (but are certainly not limited to) time spent in Florida, ownership of property in Florida, ownership of property in other states, locations of your businesses, locations of your personal representatives, locations of your trustees, locations of your bank accounts. The list goes on and on. Be sure to discuss domicile with your estate planning attorney.
-Emily A. Helmick, Esq.