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Probate & Estate Taxes Fort Myers

Fort Myers Lawyers – (239) 970-6844

When someone passes away and leaves behind an estate or assigns inheritances, many states will impose a tax on those items. State-level estate taxes and inheritance taxes – sometimes called death tax – take a portion of the estate’s or asset’s value. In Florida, a series of recent laws throughout recent years have actually eliminated state-level estate and inheritance taxes. Federal-level estate taxes do still exist.

Managing an estate and running into confusing tax laws? Contact us for the help you need.

Federal Estate Taxes & Probate

The federal government is allowed to take a portion of an estate’s value after someone passes away. In 2016, the federal estate tax was raised to 40%. Before an estate can be taxed, its value must reach a threshold.

An estate can be affected by a federal estate tax if it is:

  • Valued over $5.45 million and controlled by one individual.
  • Valued over $10.9 million and controlled by two married spouses.

There is no federal-level inheritance tax. Any inheritance granted directly to a Florida resident from another Florida resident should not be lessened in value due to an imposed tax. If you live in Florida and receive an inheritance from someone living outside of Florida, there may be taxes based on the state of origin.

States that levy an inheritance tax, regardless of where the inheritor lives, are:

  • Iowa
  • Kentucky
  • Maryland
  • Nebraska
  • New Jersey
  • Pennsylvania

Reducing Your Federal Estate Taxes

Losing 40% of your estate’s value to taxes can be difficult to handle. You may have been planning on passing along assets and property to make your loved one’s lives easier after you pass away, only to find that the federal government will take a sizeable chunk of it. There are legal ways you can minimize your estate now to drop under the maximum exemption benchmark.

You may be able to reduce or remove federal estate taxes by:

  • Marrying (doubles limit to $10.9M)
  • Gifting assets to others
  • Purchasing specific life insurance policies
  • Exploring options through your company, partnership, or LLC

Carefully Plan to Meet Federal Obligations – Fort Myers Attorney

If you are creating an estate plan or need to manage one during probate, it is crucial to consider federal-level estate taxes and their requirements. It is just as important to see what you can do to pass along as much of your estate to your loved ones as possible. To avoid getting mixed up with legalese and legal statutes, you can rely on Powell, Jackman & Ricciardi, P.A. and our Fort Myers attorneys. We help and represent clients throughout Lee County.

Call (239) 970-6844 or contact us online to learn more about estate taxes in Florida.

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Reviews & Testimonials

At Your Advocates, your satisfaction is our priority! See for yourself what our clients have to say about working with us.

“I found her to be very professional, easy to work with and will definitely recommend her to others.”

I have consulted with Rita on two separate occasions for guidance and advice as an employee who has had to navigate corporate non-compete agreements in order to maintain a clear path for future endeavors. Rita was able to answer my questions, educate me on my options and provide solid feedback and revisions to relevant documents. I found her to be very professional, easy to work with and will definitely recommend her to others.

Common questions

Here are a few practical questions related to this page.

?What should I gather first for a probate question?
Any will, notice, court paperwork, asset list, beneficiary information, and a short timeline are a strong starting point.
?Why can probate questions become urgent quickly?
Deadlines, notices, family communication, and paperwork can all make the exact next step more important.
?What should I read next after a probate page?
Continue into the page that best matches administration, timing, document questions, or next-step planning.
?What should I review after this page?
Continue into the most relevant guide, support page, or related service page based on your next question.
?Why are related pages important here?
Because they help narrow the issue and make the next step more practical.
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- Greg

“I absolutely would recommend this practice to anyone needing help and support legally.”

What a wonderful group of people. Rita Jackman is amazing and helpful. My divorce was quick and easy. I absolutely would recommend this practice to anyone needing help and support legally. Thank you.

Common questions

Here are a few practical questions related to this page.

?What should I gather first for a probate question?
Any will, notice, court paperwork, asset list, beneficiary information, and a short timeline are a strong starting point.
?Why can probate questions become urgent quickly?
Deadlines, notices, family communication, and paperwork can all make the exact next step more important.
?What should I read next after a probate page?
Continue into the page that best matches administration, timing, document questions, or next-step planning.
?What should I review after this page?
Continue into the most relevant guide, support page, or related service page based on your next question.
?Why are related pages important here?
Because they help narrow the issue and make the next step more practical.
Powered by bestseo.solutions

- Bobbi T.

“Great price, very professional.”
Great price, very professional.

Common questions

Here are a few practical questions related to this page.

?What should I gather first for a probate question?
Any will, notice, court paperwork, asset list, beneficiary information, and a short timeline are a strong starting point.
?Why can probate questions become urgent quickly?
Deadlines, notices, family communication, and paperwork can all make the exact next step more important.
?What should I read next after a probate page?
Continue into the page that best matches administration, timing, document questions, or next-step planning.
?What should I review after this page?
Continue into the most relevant guide, support page, or related service page based on your next question.
?Why are related pages important here?
Because they help narrow the issue and make the next step more practical.
Powered by bestseo.solutions

- Former Client

“He helped make a very stressful situation manageable.”

I had to find an attorney to help me navigate the legal issues involved in selling my Mom’s house without a realtor. Mr. Riccardi was knowledgeable, helpful, available, and reasonable. He helped make a very stressful situation manageable. I appreciate all the help he and his staff gave me. Thanks, guys!!!

Common questions

Here are a few practical questions related to this page.

?What should I gather first for a probate question?
Any will, notice, court paperwork, asset list, beneficiary information, and a short timeline are a strong starting point.
?Why can probate questions become urgent quickly?
Deadlines, notices, family communication, and paperwork can all make the exact next step more important.
?What should I read next after a probate page?
Continue into the page that best matches administration, timing, document questions, or next-step planning.
?What should I review after this page?
Continue into the most relevant guide, support page, or related service page based on your next question.
?Why are related pages important here?
Because they help narrow the issue and make the next step more practical.
Powered by bestseo.solutions

- Lori T.

“All about the client.”

The best as well as the smartest decision I ever made. Rita Jackman and her team took on big insurance and got results. All about the client. Always available for me, any questions I needed answers. Did what was best for me, not themselves. Treated me with respect always had my family’s best interest in mind at all times. Never gave up and fought for my family. I recommend them to any family or friends.

Common questions

Here are a few practical questions related to this page.

?What should I gather first for a probate question?
Any will, notice, court paperwork, asset list, beneficiary information, and a short timeline are a strong starting point.
?Why can probate questions become urgent quickly?
Deadlines, notices, family communication, and paperwork can all make the exact next step more important.
?What should I read next after a probate page?
Continue into the page that best matches administration, timing, document questions, or next-step planning.
?What should I review after this page?
Continue into the most relevant guide, support page, or related service page based on your next question.
?Why are related pages important here?
Because they help narrow the issue and make the next step more practical.
Powered by bestseo.solutions

- Michael B.

“Ms. Jackman just wanted to say what a GREAT JOB you did.”

Ms. Jackman just wanted to say what a GREAT JOB you did. Thanks for making a nervous process easier to handle!! Take care!

Common questions

Here are a few practical questions related to this page.

?What should I gather first for a probate question?
Any will, notice, court paperwork, asset list, beneficiary information, and a short timeline are a strong starting point.
?Why can probate questions become urgent quickly?
Deadlines, notices, family communication, and paperwork can all make the exact next step more important.
?What should I read next after a probate page?
Continue into the page that best matches administration, timing, document questions, or next-step planning.
?What should I review after this page?
Continue into the most relevant guide, support page, or related service page based on your next question.
?Why are related pages important here?
Because they help narrow the issue and make the next step more practical.
Powered by bestseo.solutions

- Mark Z.

“I placed my full trust in Rita and she delivered above and beyond.”

Highly recommend Rita Jackman! She was extremely helpful during one of the most stressful and confusing times. Never once did I have to worry about how to handle the next steps as she and her team kept proactive and helpful communication throughout the entire post-accident process. I placed my full trust in Rita and she delivered above and beyond. I will always be grateful for her and her team. Having the representation of Rita means that you are in fully capable hands. I was able to take care of my injuries, relax, and let her focus on the hard part! THANK YOU x1000! You will not go wrong with her representation.

Common questions

Here are a few practical questions related to this page.

?What should I gather first for a probate question?
Any will, notice, court paperwork, asset list, beneficiary information, and a short timeline are a strong starting point.
?Why can probate questions become urgent quickly?
Deadlines, notices, family communication, and paperwork can all make the exact next step more important.
?What should I read next after a probate page?
Continue into the page that best matches administration, timing, document questions, or next-step planning.
?What should I review after this page?
Continue into the most relevant guide, support page, or related service page based on your next question.
?Why are related pages important here?
Because they help narrow the issue and make the next step more practical.
Powered by bestseo.solutions

- Emily

“She has earned our loyal business.”

We were introduced to Rita Jackman by a friend over one year ago and she has represented us now 4-5 times. We just went through a lengthy litigation and I could not tell you how pleased I am that we chose her. She has earned our loyal business.

Common questions

Here are a few practical questions related to this page.

?What should I gather first for a probate question?
Any will, notice, court paperwork, asset list, beneficiary information, and a short timeline are a strong starting point.
?Why can probate questions become urgent quickly?
Deadlines, notices, family communication, and paperwork can all make the exact next step more important.
?What should I read next after a probate page?
Continue into the page that best matches administration, timing, document questions, or next-step planning.
?What should I review after this page?
Continue into the most relevant guide, support page, or related service page based on your next question.
?Why are related pages important here?
Because they help narrow the issue and make the next step more practical.
Powered by bestseo.solutions

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