For decades, native Floridians commented on how it seemed “everyone” was moving to South Florida. Recent data lends some truth to that. As Palm Beach probate attorneys, we encourage those who are relocating to Florida from across state lines to consider meeting with a local probate lawyer to review important estate planning documents, such as wills, revocable living wills and durable powers of attorney.
As the new year kicks off, it’s a great time for all Floridians – but especially those who moved to Florida in 2018 or within the last couple years – to review their important documents, ensure personal representatives and powers of attorney are up-to-date and that wills and trusts reflect your true intentions and align with Florida law.
An analysis of U.S. Census data by the National Association of Realtors found the No. 1 most common migration pattern in the U.S. was New Yorkers moving to Florida – some 33,400 between 2011 and 2016. Another 16,400 moved from New Jersey, 12,500 from Pennsylvania, nearly 9,000 from Michigan and about 7,800 each from Ohio and Illinois. Many are lured not just by Florida’s beautiful beaches, but also the low personal income tax rate. It’s the most popular destination for people from northern East Coast and Midwest states. Continue reading