Maryland to Florida Estate Planning: Dan Bongino’s Powerful Wealth Preservation Move

Rich Planning vs Poor Planning

Maryland to Florida estate planning can mean the difference between peace and chaos for your family. Rich Planning and Poor Planning lead to very different families. I saw it firsthand. With Poor Planning, my family suffered a terrible probate when my grandfather passed away. It destroyed my family. My dad, uncle, and grandma litigated each other to death in probate court. My grandfather’s legacy was shattered. There was no peace. Our family was left in pieces.

After that, my mother married into a family who had great estate planning. I experienced Rich Planning. In my new family, our patriarch relocated from a high-tax, trust-unfriendly state to Florida. He established a dynasty trust, effectively preserving the family’s wealth for multiple generations.

I became a lawyer to promote Rich Planning and fix problems caused by Poor Planning. I help families experiencing the results of Poor Planning by litigating in probate court. I help affluent families implement Rich Planning to protect and grow their legacies.

Why Families Choose Maryland to Florida Estate Planning for Tax Savings

Wealthy families and retirees are increasingly moving their domiciles from high-tax states to Florida – and with good reason. States like Maryland impose some of the nation’s harshest death taxes, while Florida imposes none. This disparity can mean the difference of millions of dollars in legacy preserved for one’s children. The lesson is clear: by establishing Florida residency, affluent individuals can shield their estates and income from punitive state taxes.

One prominent example is Dan Bongino, a former Secret Service agent turned political commentator, who moved from Maryland to Florida in the mid-2010s. Bongino, a Maryland native, lived in Maryland from 2002 until about 2015 before making Florida his permanent home. He cited tax benefits as a key motivation for his relocation, joining a broader pattern of high-net-worth individuals fleeing states like Maryland for the Sunshine State’s friendlier tax climate. Previously owning a home in Maryland, Bongino relocated to Florida – which has no state income tax and no estate or inheritance tax – to preserve more of his considerable earnings and wealth. Maryland, by contrast, is known for taxing estates heavily, making it one of the least favorable states for wealthy families concerned with estate preservation.

Maryland’s Estate and Inheritance Taxes: What You Must Know Before Planning

Why single out Maryland? Maryland is infamous in estate planning circles for being the only state in the country that imposes both an estate tax and an inheritance tax. In practical terms, this means Maryland can tax a person’s assets twice at death: first by taking a cut of the overall estate, and then by taxing certain heirs on what they receive. Here’s how it works:

• Estate Tax: Maryland’s estate tax kicks in on estates above $5 million – a threshold far lower than the current federal exemption (nearly $14 million in 2025). Any value above $5 million is subject to Maryland’s progressive estate tax rates, which climb to a 16% top rate for the largest estates. For example, an estate worth $6.5 million would owe roughly $68,000 in Maryland estate tax. For much larger estates, the bite is correspondingly larger – estates over $10 million can expect to lose 16% of every dollar above that amount to Maryland’s tax. This is essentially a death tax that siphons away wealth a person hoped to pass on to their family.
• Inheritance Tax: On top of the estate tax, Maryland also levies a 10% inheritance tax on bequests that go to anyone other than close relatives. Bequests to a spouse, children, grandchildren, parents, siblings (and a few other exceptions) are exempt; but if you leave money to, say, a niece, nephew, friend, or business partner, Maryland skims 10% off that inheritance. This inheritance tax applies regardless of the estate’s size. Maryland and (until recently) New Jersey were unique in double-taxing this way – in fact, Maryland today stands alone in levying both types of death taxes concurrently.

The effect of these twin taxes can be devastating. Families may be forced to liquidate assets to pay the tax bill. It’s not unheard of for Maryland family business owners or farmers to have to sell equipment or property just to afford the estate tax, eroding the legacy built over a lifetime. In one illustrative case, vital farm equipment had to be sold off to provide liquidity for the estate tax payment – a heartbreaking outcome that proper planning might have avoided. Imagine spending decades growing a business or investment portfolio, only to have Maryland law demand a double-digit percentage at your death, potentially hundreds of thousands or even millions of dollars that your heirs won’t receive. From the perspective of someone who’s worked hard for their wealth, this is a bitter pill.

Why Florida is Ideal for Estate Planning After Leaving Maryland

Florida, on the other hand, is a tax-friendly oasis for those looking to preserve wealth. Florida has no state estate tax and no state inheritance tax whatsoever. This isn’t by accident – it’s by design. In fact, the Florida Constitution prohibits the imposition of estate or inheritance taxes in the state, effectively banning what Maryland routinely does. What this means is if you are domiciled in Florida, when you pass away Florida will not take a dime of state tax from your estate or your heirs. Only federal estate tax (if your estate is large enough to trigger it) would apply, and even that can often be planned around for married couples or with trusts.

Florida’s tax advantages don’t stop at death. The state also famously has no personal income tax. So while a high-earner in Maryland might be paying a top state income tax rate of around 8%–9% (state + local) each year on their earnings, a Floridian pays 0% to the state. Over a decade, that difference can amount to millions of dollars saved for someone with substantial income. As one lawmaker quipped when New Jersey’s richest resident moved to Florida, “If you’re making hundreds of millions of dollars and you’re paying close to 10% to the state… you can save millions a year by moving to Florida. How can you blame him?”. The logic is the same for a Maryland millionaire facing ~8% state income tax – moving to Florida can yield an immediate raise in after-tax income.

In short, Florida imposes none of the wealth taxes that high-net-worth individuals fear. No state income tax, no estate tax, no inheritance tax, no gift tax, and even property and sales taxes in Florida are around national averages. It’s no surprise that Florida is “widely recognized as a tax-friendly state,” and many of my clients wish to avoid the income, gift, and estate taxes levied by their former home states by moving here. Little wonder that affluent retirees and business owners from the Northeast and California have flocked to Florida in recent years in what some call a “wealth migration.” According to one Palm Beach real estate report, “just about everyone living in the Northeast, Chicago, California and other high tax states is relocating to Palm Beach and Miami” for the sunshine and the tax relief. States like New York, New Jersey, Connecticut – and yes, Maryland – have watched as their tax base of millionaires shifts southward.

Florida’s lack of estate/inheritance tax is especially attractive to those with an eye on multigenerational legacy. High-net-worth families are using Florida’s friendly laws to establish dynasty trusts and other vehicles to protect wealth for future generations (as I mentioned in my own family’s “Rich Planning” story above). With no state estate tax, a trust based in Florida can theoretically continue for many generations without being diminished by state death taxes – something impossible in a state like Maryland that taxes each generational transfer. This underscores a key lesson: where you live (and die) can profoundly affect what you leave behind. And if you have the flexibility, choosing a domicile like Florida can safeguard your life’s work from unnecessary taxation.

Maryland to Florida Estate Planning Case Study: Dan Bongino’s Strategic Move

To put a real face on these concepts, let’s examine the case of Dan Bongino in detail. Bongino’s story illustrates the stakes involved and the concrete benefits of trading a tax-heavy state for Florida.

Dan Bongino is a high-profile individual who accumulated substantial wealth through his career in media and public service. A former NYPD officer and U.S. Secret Service agent, he became a bestselling author, a popular conservative podcaster, and even hosted a national news commentary show. By 2015, he had deep roots in Maryland (having run for office there and lived there for over a decade). However, around that time he made the strategic decision to change his domicile to Florida. Let’s look at why.

Bongino’s move wasn’t just about lifestyle or climate – it was a financial masterstroke. Maryland’s taxes threatened to chip away at his fortune, both during life (via income taxes) and at death (via estate taxes). By relocating to Florida, he effectively shielded much of his wealth from those state levies. Here are the key details:

Dan Bongino’s Asset Strategy After Moving to Florida

At the time Bongino became a Florida resident, his wealth portfolio was substantial and diverse. In broad strokes, here’s an overview of his assets and financial profile (figures are approximate):

• Net Worth: Around $150 million (as of 2025). Bongino’s net worth has been reported in the nine-figure range, reflecting his success in media and investments.
• Major Business Holdings: A significant portion of his wealth comes from his investment in Rumble, a conservative-leaning video platform. Bongino is one of the largest private investors in Rumble, owning roughly 16 million shares (about 14.4% of the company). At recent valuations, this stake alone is worth over $130 million. In other words, he holds a company stake valued well into nine figures – an asset that could generate a massive estate tax bill if he were domiciled in the wrong state.
• Real Estate: Bongino has invested heavily in real estate (a common strategy to diversify wealth). He owns a primary residence in Florida – a 3,600 sq. ft. waterfront mansion in Stuart, FL (Martin County). This home, built in 2010 with four bedrooms, a three-car garage, a guesthouse, private dock, etc., has been listed for sale around $3.9 million. In addition, Bongino has acquired other properties:
  • A Wellington, Florida ranch purchased for about $7 million in 2021.
  • A Severna Park, Maryland property (yes, he bought a new home back in Maryland in 2020, likely as an investment or second home) on which he spent roughly $1.5 million.
  • A Texas ranch acquired for about $5 million.
  • A Montana ranch bought for around $3 million in 2020.

In total, his real estate portfolio is valued at over $16 million across these holdings. Real estate is an illiquid asset class – meaning if an estate tax were due, heirs might have to sell properties quickly to raise cash. That’s a scenario Bongino undoubtedly wanted to avoid by planning ahead.

• Income and Business Ventures: During his media career, Bongino was earning a lucrative income. For example, as a Fox News host he reportedly earned about $7 million per year in salary (plus bonuses). Even after leaving network TV, his radio show and podcast bring in multi-millions annually (e.g. nearly $5 million from radio in 2024). He has also earned sizeable royalties from his books (around $1.5 million in one recent year). Beyond media, Bongino has fingers in other pies: co-owning two upscale restaurants in New York City, and investments in ventures like car washes and a Ford dealership. He even boasts a luxury car collection (e.g. a Porsche 911, Audi A6) that speaks to his affluence.

In summary, Bongino’s wealth is tied up in business equity, real estate, and ongoing high income streams. All of these would face substantial taxation under Maryland law – making his decision to establish Florida domicile extremely prudent.

How Much Estate and Income Tax Dan Bongino Saved by Leaving Maryland

Now, let’s crunch the numbers on just how financially impactful Bongino’s domicile change may be. While exact figures require some assumptions, we can estimate the tax savings in two major areas: annual income tax and estate tax at death.

1. Income Tax Savings: Had Bongino remained a Maryland resident during his high-earning years, he would have been subject to Maryland’s income tax (which has a top rate of 5.75% state, plus up to ~3% county-level tax). This roughly ~8–9% combined state income tax on a multi-million dollar annual income is significant. For instance, on a $7 million salary, a Maryland resident could owe on the order of $500,000+ per year to Maryland in state income taxes. Over 10 years, that’s $5 million or more of his money that would have gone to Maryland’s treasury. By living in Florida, Bongino kept that money for his family and personal investments instead, since Florida imposes 0% state income tax. This means each year he’s been a Florida resident, every dollar he earns only faces federal tax, not an extra Maryland cut.
2. Estate Tax Savings: This is the truly staggering part. Suppose in the (far future) Dan Bongino passes away with a net worth of around $150 million (to use the current estimate) and all his major assets are still in his name. If he were a Maryland domiciliary at death, the state estate tax would apply to his estate above $5 million. That’s roughly $145 million subject to Maryland’s tax. Maryland’s estate tax is progressive, but effectively it would claim up to 16% of the amount above $10 million, and somewhat lower rates on the slices between $5M and $10M. In rough terms, the Maryland estate tax on a $150M estate could be around $20–$25 million (we can estimate: the tax on $150M might exceed $23 million, given the top marginal 16% on most of it). This is money that would not go to Bongino’s wife or children, but rather straight to the State of Maryland’s coffers.

By contrast, as a Florida resident at death, the state estate tax would be $0. Florida wouldn’t tax his estate at all. His heirs would still potentially face the federal estate tax (which at that level is 40% on amounts above the federal exemption, a significant hit – but that applies no matter what state you’re in). However, by avoiding Maryland’s extra 16%, he’s dramatically reduced the overall tax burden. The difference could easily be eight figures in tax savings. To put it plainly: Bongino’s move to Florida could preserve an extra $20+ million for his family that Maryland law would otherwise have taken upon his death. That alone is a generational wealth game-changer – $20 million can endow his children and perhaps grandchildren with homes, education, business capital, and security for life.

3. Inheritance Tax Avoidance: Additionally, consider Maryland’s 10% inheritance tax on certain beneficiaries. If Bongino wanted to leave gifts in his will to say a beloved uncle or a close family friend (people not exempt as lineal descendants), Maryland would have sliced 10% off those bequests. As a Florida domiciliary, there is no such inheritance tax to worry about. Those individuals could inherit free of any state skim.

In summary, Dan Bongino’s Florida strategy might save him and his family tens of millions of dollars over the long term. It’s no wonder he and many peers choose Florida. This case study underscores a lesson for anyone with substantial assets: where you live can be as important as how you invest when it comes to protecting your wealth. Maryland’s loss (of a taxpayer and future estate taxes) is Florida’s gain – and, more importantly, Bongino’s family’s gain.

As a side note, it’s worth mentioning that simply moving to Florida isn’t enough by itself – one must properly establish Florida domicile and sever enough ties with the old state, or else states like Maryland can still attempt to claim you as a resident for tax purposes. In Bongino’s case, he clearly took the steps to make Florida his primary and permanent home (selling or not residing in his Maryland home, moving his family, etc.). Maryland auditors have been known to scrutinize former residents who “move” to Florida but still spend a lot of time up north or keep significant connections there. The next section explains how one firmly establishes a Florida domicile – a service I provide to clients looking to make that transition securely.

How to Establish Florida Domicile for Maryland to Florida Estate Planning

What does it actually mean to change your domicile to Florida? Domicile is a legal term for your primary, permanent home – the place you intend to return to and remain indefinitely. You can only have one domicile at a time. When clients consult me about relocating to Florida for tax purposes, we walk through the steps to ensure that Florida becomes clearly their new home in the eyes of the law (and any skeptical state tax authority from their former state).

The good news is, establishing a Florida domicile is relatively straightforward. There’s no arduous waiting period or exorbitant fee – it’s largely about demonstrating your intent to live here and making some commonsense changes. Here are the typical steps and considerations:

• Physical Presence & Time: You should actually move to Florida and spend the majority of your time here. Many people aim to be in Florida at least 183 days a year, since some states use that benchmark to presume residency. While Florida itself doesn’t require a minimum number of days, being here more than half the year strengthens your claim that Florida is your true home.
• Florida Home: Buy or lease a home in Florida (which most people do as a natural part of moving). Owning Florida real estate (and selling or renting out your old out-of-state home) is a big indicator of domicile. For example, if you still own a large house in Maryland and only a small condo in Florida, Maryland might argue you haven’t truly moved. Ideally, one’s most significant home should be in Florida.
• Declaration of Domicile: Florida provides a simple mechanism to officially declare your residency. Under Florida Statutes § 222.17, you can file an affidavit called a Declaration of Domicile with the clerk of the circuit court in your county. This sworn statement proclaims that you are a bona fide resident of Florida and intend for Florida to be your permanent home. It’s not strictly required by law, but I strongly encourage clients to do this as it creates an official record of their domicile. The process is easy: it’s a one-page form, signed and notarized, then recorded in the county’s official records. This becomes powerful evidence of your intent, should any other state later question your residency.
• Transfer Your Day-to-Day Life: This includes:
  • Driver’s License: Get a Florida driver’s license (and register your vehicles in Florida) as soon as you move. Turn in your old Maryland (or other state) license.
  • Voter Registration: Register to vote in Florida and actually vote here in elections. Simultaneously, cancel any voter registration in your former state.
  • Mailing Address & Banking: Change your primary mailing address to your Florida address for all bills, statements, and official documents. Open local Florida bank accounts or transfer your existing accounts to Florida branches.
  • Professional Contacts: Notify your employer, business contacts, clients, etc. of your Florida address. Update your address with the IRS and Social Security. If you’re retired, also update your pension administrator or any retirement accounts to reflect Florida residency.
  • Taxes and Documents: File your federal income tax return with your Florida address (and be sure not to file a resident tax return in the old state going forward). Update your estate planning documents – e.g., your will or trust – to recite that you are a resident of Florida. These actions speak louder than words in evidencing your intent.
  • Community Ties: Get involved locally. For instance, get a library card, join a Florida church or synagogue, social clubs, or civic organizations. If you have a favorite doctor, attorney, or accountant up north, consider transitioning to Florida professionals. These are all smaller indicators that, collectively, paint the picture of a life moved to Florida.
• Severing Ties with the Old State: Equally important is unwinding your connections to the previous state. Ideally, sell your former residence or at least rent it out on a long-term lease (don’t leave it ready for your return). Cancel local memberships up north or switch them to non-resident status. If you continue to spend some time in the old state (common for “snowbirds”), be very mindful of the number of days you spend there and keep documentation (like a diary or electronic record) of your travels. In the event of a tax residency audit, being able to show you did not spend more than 183 days in the old state can shut down their claim. States like New York and California have been known to audit wealthy ex-residents, and Maryland can too. They will look at factors like where your “center of life” is: which state are your favorite belongings, where does your family live, where do you go to church, where are your pets, etc. We make sure to line those factors up in Florida’s favor.

The bottom line is, Florida makes it easy to become a resident, and you can accomplish a domicile change with a few proactive steps. There is no strict waiting period to be considered a Floridian – once you move here and intend to stay, you’re a Florida domiciliary from that point forward. Of course, if another state ever challenges it, the longer you’ve been here the better, but I’ve helped clients successfully establish Florida residency in a matter of months. The key is intention, backed by action.

I want to emphasize: This is a service we provide. Guiding families through a domicile transfer is something my firm does regularly. We handle the paperwork (like the Declaration of Domicile filing), advise on all the small details (from updating car registrations to changing your will’s jurisdiction), and ensure that your move is legally airtight. The peace of mind this brings is tremendous – you can sleep easier knowing that when the time comes, your estate will reap the full benefit of Florida’s tax laws, and you won’t get an unwelcome letter from, say, Maryland’s Comptroller insisting you still owe them taxes. We also work in tandem with your tax advisors to make sure all bases are covered. In short, if you’re contemplating a move to Florida for its estate planning advantages, you don’t have to navigate it alone. I’ve been through the process myself and with many clients, and I’m here to make it smooth.

Next, to illustrate just how stark the difference can be between staying in a tax-heavy state versus moving to Florida, let’s look at a hypothetical but very relatable example of a wealthy family patriarch. This Example will show a side-by-side of Poor Planning vs Rich Planning in action, much like the experiences I recounted earlier.

Maryland to Florida Estate Planning Example: A Family Patriarch’s Wealth Strategy

Father (The Patriarch) is a 75-year-old successful business owner in a high-tax state (let’s say Maryland). He built a manufacturing company from the ground up, and his estate is valued around $30 million. He has two adult children: Son and Daughter, both in their 40s, who are involved in the family business. Father also has a trusted Banker who’s been his financial advisor for years, and a family Attorney (that’s me, in this story) who handles his estate planning. Rounding out the picture, the family attends a local church where their Priest has known them for decades.

Scene 1: A Stark Wake-Up Call. One day, at a social club, Father learns that his friend (let’s call him “Neighbor,” another wealthy businessman in Maryland) just passed away. At the funeral, Father speaks with the Neighbor’s grieving family and their Priest. The Priest quietly confides that the funeral was not just a time of mourning, but also a time of anxiety – the Neighbor’s family had been shocked to discover the estate taxes due. Because Neighbor never established Florida residency or done advanced planning, the State of Maryland imposed a massive estate tax bill. In fact, the Priest overheard that the family might have to sell the Neighbor’s vacation home and some business assets just to cover Maryland’s cut. Moreover, since Neighbor left a sizable bequest to a beloved godchild, the family was dismayed to learn that Maryland’s 10% inheritance tax would apply to that gift, reducing it significantly. The Priest’s sorrowful tone drives home the point: a lifetime of work can be undermined at death by lack of planning, leaving heirs with a financial and emotional mess.

Father is deeply moved and alarmed by this story. He imagines Son and Daughter in that position – scrambling to find liquidity, possibly selling the company he worked so hard to build, just to pay taxes. He pictures the potential rift it could cause: maybe Son wants to keep the business but Daughter, faced with a giant tax bill, insists they sell it; disagreements could even lead to probate court fights, like the nightmare I experienced in my own family. Father realizes he needs to act, and fast.

Scene 2: The Family Meeting. Father calls a meeting with Son, Daughter, the Banker, and me (Attorney). We gather around the conference table in Father’s office late one afternoon. Father, looking determined, says: “I want to ensure what happened to Neighbor’s family never happens to us. I’ve heard Florida might offer some solutions. Let’s discuss.”

As the Attorney, I nod and lay out the facts: “Florida has no estate tax and no inheritance tax. If you become a Florida resident, you’ll avoid Maryland’s estate tax entirely, which, on a $30 million estate, could be on the order of $4–5 million or more. That’s money that could stay in your family’s hands. Florida also has no state income tax, which means as you continue to draw dividends or salary, you’d save on annual taxes too.” The Banker chimes in: “Plus, Florida’s asset protection laws are advantageous – your Florida homestead, for instance, would be creditor-protected. And you’d enjoy nice weather and no state income tax on your investment gains or retirement withdrawals.” We all share a light chuckle about the sunshine bonus.

Son and Daughter are initially concerned: “Does this mean we have to move to Florida, too?” Son asks. I explain: “Not necessarily. Only your domicile – Father’s domicile – is at issue for the estate tax. Son, Daughter, you can live wherever you want; your father’s move would be primarily to protect his estate for you. Of course, if he moves, he might want you involved in the business down in Florida eventually, but that’s a separate family decision.” Father interjects, “I’m willing to move. I can run our business from Florida or set up a new base there. We could even expand the company in a state with better taxes. The key is I want to save you two from that nightmare.”

We talk details: I outline how Father can establish Florida domicile (the steps I covered earlier – buying a home, filing a Declaration of Domicile, getting a Florida driver’s license, etc.). The Banker suggests a great area in Florida where many executives have relocated and offers to connect Father with a realtor. Daughter, ever practical, asks about the family business: “If we’re partly in Maryland and partly in Florida, how do taxes work?” I explain that if the business is re-formed as a Florida entity, and Father is a Florida resident, Maryland can’t impose its estate tax on Father’s ownership when he dies. We might still keep an office in Maryland, but perhaps we transfer the primary headquarters to Florida. The income of the business might still face some Maryland corporate tax on Maryland operations, but the value of the business for estate purposes would not be under Maryland’s jurisdiction once Father is clearly a Floridian. “Also,” I add, “we should consider setting up a revocable living trust or even a dynasty trust in Florida. That way, we avoid probate entirely and can potentially generations of your family avoid estate taxes on these assets.” The meeting turns into an exciting planning session. By the end, Father decides: Yes, I will do this. We agree on a timeline – this year he will buy a residence in Palm Beach County, Florida, and gradually shift his life there. Son and Daughter, while sad to see their childhood home sold, understand that this move will secure the family legacy. They give their blessing.

Scene 3: Fast Forward – A Legacy Preserved. A few years later, Father has successfully become a Florida resident. He’s obtained his Florida driver’s license, registered to vote in Florida, and even found a new golf club to join. He spent over 250 days in Florida last year, thoroughly enjoying the warm climate. The family business opened a small satellite office in Florida, and Father works remotely with ease. Meanwhile, we put a Florida dynasty trust in place, and Father transferred ownership of the business into the trust. This trust is designed to continue for many years, benefitting Son, Daughter, and eventual grandchildren, with no estate taxes at each generational step because the trust itself won’t die even when Father eventually does.

Now, let’s imagine the fateful day, years later, when Father passes away at the age of 85. The family holds a funeral at Father’s Florida church. The same beloved Priest officiates (Father convinced him to retire in Florida too, as a humorous aside Father often joked about converting everyone he knows into Floridians). At the funeral, there is grief, of course, but there is also peace and gratitude. Son and Daughter know that their Father’s careful planning means they don’t have to worry about any estate tax bill from Florida – there isn’t one. The dynasty trust immediately continues owning the business without interruption. There’s no need to run to the courthouse for a drawn-out probate because the trust structure allowed assets to pass seamlessly. The Judge and Court Clerk back in Maryland who might have overseen a messy estate proceeding? – They aren’t involved at all, because Maryland courts have no jurisdiction over a Florida resident’s trust holding Florida assets.

After the service, the Priest and the Banker chat with Son and Daughter. The Priest remarks, “Your father’s foresight is truly admirable. I’ve seen other families torn apart by fights and taxes – but your father spared you that burden.” The Banker adds, “He really did a rich planning move. The business stays intact, and you two can continue his legacy. I remember how worried he was after Neighbor’s passing; he turned that worry into action, and look at the results. $0 to Maryland, and 100% of his intended gifts to you and the charities he named in his trust.” Daughter nods, tears in her eyes but smiling: “Dad took care of us in life and in death. We are so grateful.”

Contrast this with what could have happened had Father done nothing: If he had stayed a Maryland resident and never updated his plan, upon his death the family might have faced a $30M estate with perhaps $3–4M owed in Maryland estate tax. The company might have needed to be sold or heavily leveraged to pay that. Perhaps Son and Daughter would have argued about selling assets versus taking loans. The estate would have gone through Maryland probate, possibly causing delays and court costs. The Priest might have witnessed a much more stressful scenario for the family. But none of that happened – because Father made the tough but wise decision to relocate and plan.

This example, while fictional, is very much based on real scenarios I encounter. The roles – Patriarch, Son, Daughter, Banker, Priest – all highlight how many people’s lives and livelihoods can be impacted by whether someone engaged in “Rich Planning” or “Poor Planning.” In our story, Rich Planning (through Florida domicile and trusts) ensured family harmony and maximized wealth preservation. Poor Planning would have left a fractured family and a diminished legacy.

Legal Breakdown of Maryland to Florida Estate Planning Strategy

Let’s dissect the example above and connect it to the legal principles and tax laws at play:

• Domicile Shift and State Estate Tax Avoidance: In the example, Father changed his domicile from Maryland to Florida. Legally, this means Florida became his permanent home, and Maryland could no longer tax his worldwide estate upon death. Remember, estate tax is typically imposed by the state of domicile (with some exceptions for in-state property of nonresidents). By becoming a Florida domiciliary, Father ensured that Maryland’s estate tax did not apply to his estate at death. Florida, having no estate tax, imposed nothing. So, even though Father’s assets were the same $30 million, the difference in outcome was stark: roughly $4M saved, which in a Maryland scenario would have gone to the state, is instead staying within the family trust. The law rewarded the change of legal residency.
• Maryland’s Estate Tax Calculation: We mentioned a $3–4M tax on a $30M estate. How would that be computed? Maryland’s exemption is $5M, so $25M of that estate would be taxable. Maryland’s rate is graduated, with the top 16% kicking in above ~$10M. A rough calc: the first portion (up to $10M over exemption) taxed at lower brackets, and the remainder at 16%. The Maryland Comptroller provides tables, but suffice it to say the tax would likely exceed $3M. This is consistent with Maryland’s reputation for heavy estate taxation. The example drives home that by keeping domicile in MD, Father would essentially sign a multi-million-dollar check to the state upon death – truly a “poor planning” outcome we wanted to avoid.
• Inheritance Tax Considerations: In the Neighbor’s case, a 10% inheritance tax applied to a godchild’s bequest. In Father’s case, by moving to Florida, no inheritance tax would hit any of his beneficiaries. If he had stayed in Maryland and, for instance, left a cash gift to his church or a cousin, Maryland would have taken 10% of that gift (churches and charities are actually exempt from MD inheritance tax, but many other recipients are not). Florida eliminated that concern entirely.
• Trusts and Probate Avoidance: We saw Father set up a Florida dynasty trust. This accomplishes a few things legally:
  1. Avoiding Probate: Assets titled in the trust do not go through probate court when Father dies. That’s why no Maryland (or Florida) probate was needed in the story. Probate can be costly and time-consuming, so avoiding it is often part of “Rich Planning.”
  2. Continued Tax Benefits: A properly structured dynasty trust in Florida can last for many generations (Florida law allows very long-lasting trusts thanks to a favorable rule against perpetuities period). The assets in the trust might not be included in the children’s own estates later, thereby potentially avoiding estate tax when Son and Daughter pass as well. This is advanced planning, but it’s exactly what wealthy families do: take advantage of states like Florida that allow dynasty trusts and have no state-level tax to erode the trust.
  3. Asset Protection: In Florida, assets in an irrevocable trust (like a dynasty trust) can also be protected from the beneficiaries’ creditors or divorcing spouses, etc. Father not only saved taxes but also put a fortress around the family wealth.
• Maryland Property or Business Nexus: One might ask, what if Father still had some ties to Maryland? For example, if he kept a vacation home or minor assets there. It’s important to note that even if you die a Florida resident, some states will tax real estate or tangible property located in their state. In Maryland’s case, if a Florida resident like Father dies owning real property in Maryland, Maryland can impose estate tax on that property’s value proportionally. In our story, Father sold his Maryland home, so that wasn’t an issue. But many clients keep a foot in both states, so part of our planning is often to either dispose of or convert out-of-state real estate (maybe put it in an LLC or trust) to minimize those hooks. Additionally, if Father’s business had a significant physical presence in Maryland, Maryland might attempt to tax a portion of its value. By moving the headquarters and/or his shares into a Florida trust, we reduce this risk. These nuances underscore why simply moving needs to be coupled with good legal planning – which is exactly what we did for Father.
• Income Tax and Lifestyle Changes: In the example, Father enjoyed no state income tax on his continued earnings. This freed up more cash flow to invest or to fund life insurance that could further benefit his estate plan. The decision to physically move and perhaps sell the Maryland home might have emotional costs (leaving a longtime home), but from a legal perspective it’s straight-forward. Florida welcomes new residents with open arms (and closed fists when it comes to not taking your money). The story also showed how even Father’s priest and banker noticed the differences between a poorly planned estate and a well-planned one. These anecdotes align with legal realities: Maryland’s tax regime vs. Florida’s regime can lead to vastly different family outcomes.

In summary, the breakdown highlights that each legal tool and decision – domicile, trusts, asset titling – directly impacts the taxes and hassles a family faces when the patriarch or matriarch passes. The example distilled a complex web of statutes and rules into a human story of two possible endings. And as an attorney, I firmly prefer to author the better ending for my clients – the one where the family thrives and the government’s bite is minimized.

My Experience Helping Clients with Maryland to Florida Estate Planning

I have been practicing in this area of law for many years (our firm has been open since 2016), and in that time I’ve guided countless families through scenarios just like the ones discussed here. My experience as an attorney has taught me that tax laws and estate laws, while complex on paper, are ultimately about real people’s lives and legacies. I’ve seen what happens when planning is done right, and unfortunately when it’s done wrong or not at all.

In my practice, I wear two hats: I am both an estate planner and a probate litigator. On the planning side, I help affluent clients implement the forward-looking strategies – like changing domicile to Florida, setting up trusts, crafting wills, and taking advantage of every legal tool to protect and grow their legacy (what I call “Rich Planning”). I stay up-to-date on the latest tax law changes and techniques; for example, I know the ins and outs of Florida’s homestead laws, the newest trust instruments, and even international considerations for clients with assets abroad. Clients often come to me with a general idea (“I hear Florida is good for taxes”) and I translate that into an actionable plan with concrete steps and legal documents. There is a great satisfaction in seeing a client’s relief once we’ve executed a plan – they often tell me they feel a weight lifted knowing their family won’t face the nightmare scenarios that others have.

On the other side, I also handle probate and estate litigation for those who unfortunately are experiencing “Poor Planning” fallout. Since 2016, I’ve represented families in probate court fights, will contests, trust disputes, you name it. This exposure to litigation has been a sobering complement to my planning work. It shows me firsthand what not to do. I’ve literally had cases where siblings sue each other over ambiguities in a will, or where a large chunk of an estate was lost to taxes and fees that could have been avoided. These courtroom battles are emotionally and financially draining for those families. Each time I’m in probate court, I silently wish I could have helped the deceased person plan things better to spare their loved ones the ordeal. This dual experience – planning and litigating – has made me a wiser advisor. I incorporate those lessons into every plan I draft. For instance, I’ve added clauses in trusts to anticipate and prevent fights I’ve seen in litigation. I’ve become almost zealously detailed in documenting a client’s domicile change because I’ve seen states try to claw back wealthy snowbirds.

Clients often ask me, “How do you know all this, how can we trust this plan will work?” The answer is experience and expertise. I’ve lived in this legal world for a long time, and I’ve seen how various plans actually play out over time. I know the Florida statutes by heart, and I’ve worked with the Florida courts and bureaucracy enough to know how to get things done efficiently. My firm may not be the oldest on the block, but since opening in 2016 we’ve grown into a trusted resource for families who want personal, attentive counsel. I make it a point to treat each client’s situation as unique – because it is. Yes, the pattern of “move from Maryland to Florida to save taxes” is common, but the people involved are unique, and the plan must be tailored. My years in practice have taught me to listen first, plan second. I ask clients about their family dynamics, their values, and their fears. With that understanding, combined with my legal know-how, I craft plans that are technically sound and humanly sound.

In short, my experience has reinforced the philosophy that an ounce of planning is worth a pound of cure. It brings me genuine joy to use my expertise to help clients achieve peace of mind and to protect their families. I consider it a privilege to be entrusted with someone’s legacy, and I approach that responsibility with both the head of a seasoned lawyer and the heart of someone who has seen what family heartbreak looks like. This combination of experience, expertise, authoritativeness, and trustworthiness – what some call “E-E-A-T” – is what I strive to bring to every client interaction. After all, at the end of the day, estate planning is not just about laws and money; it’s about love, legacy, and leaving this world knowing your family is taken care of.

Author’s Note on Why Maryland to Florida Planning Matters

Writing this article – and indeed, working in this field – is deeply personal for me. I want to take a moment to step out of the legal details and speak from the heart. I’m an attorney, yes, but I’m also a son, a grandson, a husband, perhaps a future father – a human being who cares about family above all. I’ve been the worried relative in that hospital waiting room, praying that the inevitable will not tear my family apart. I’ve stood in the shoes of the client, and that’s why I pour my passion into being the best lawyer I can be for my clients.

When I tell you about the difference between Rich Planning and Poor Planning, it’s not just an abstract concept or a marketing slogan. It’s the story of my family and it’s the story of so many families I’ve met. I’ve felt the pain of loss compounded by legal chaos – seeing my own relatives go from grieving to fighting due to lack of planning was one of the most painful chapters of my life. I’ve also felt the profound gratitude that comes when things go right – when a loved one’s foresight spares their family from additional suffering. Those experiences fuel me every single day.

Clients who come to me quickly learn that I’m not just here to fill out forms or recite laws. I’m here to listen to your hopes and fears. I know that behind every question about taxes or trusts is a deeper concern: “Will my family be okay when I’m gone? Will what I built endure? Will my loved ones stay united or fall apart?” I understand these human worries because I’ve lived them. And I can assure you, nothing motivates me more than helping you find peace of mind on those fronts.

In working with affluent clients, especially patriarchs and matriarchs of successful families, I’ve noticed something profound: they’re not trying to take their wealth with them – they’re trying to leave something meaningful behind. My job is to honor that wish. Sometimes that means playing the role of wise counsel, giving frank advice that may be hard to hear (like “you need to move out of your comfort zone, literally to another state, to achieve your goals”). Sometimes it means being a creative problem-solver, finding legal solutions that align with a client’s unique family situation. And often it means being a reassuring presence, saying, “I’ve got you. We will solve this, together.”

It might sound odd, but I often form a genuine emotional bond with the families I serve. I celebrate their victories (like a successful business sale or welcoming a new grandchild) and I empathize in their hardships. I’ve shed tears with widows sorting out their late husband’s estate, and I’ve shared laughs with retirees excited about moving to their Florida dream home. These relationships matter to me. They inspire me to constantly educate myself, to stay at the cutting edge of legal strategies, and to go the extra mile in every case.

When I advise someone like you, a wealthy individual considering a move from a tax-heavy state to Florida, I’m not just calculating dollars saved – I’m picturing the faces of your children and grandchildren. I’m thinking about that Thanksgiving years from now, where your family is gathered, maybe raising a toast to the patriarch/matriarch who isn’t there but who set them up for continued success. I want that toast to be one of gratitude and fond remembrance, not one tinged with regret or resentment. Everything I do is aimed at that outcome.

In the end, my greatest reward is hearing a client say, “I feel so much better knowing this is taken care of,” or a beneficiary saying, “Thank you for what you did for Mom and Dad – it made all the difference.” Those moments affirm why I chose this profession. I truly love helping people in this very intimate, important area of their lives. I often tell clients: I see my role as helping you write the last chapter of your life story – and making sure it’s a triumphant, loving conclusion that echoes for generations to come.

If any of this resonates with you – if you’re reading this thinking, “I want that kind of plan, that kind of peace for my family,” – I encourage you to reach out. I’m here to help, with both expertise and empathy. Your legacy is priceless, and it would be my honor to help you protect it.

Books on Florida Estate Planning, Domicile Transfers, and Tax Strategies

I believe in empowering my clients with knowledge. That’s why I’ve written several in-depth guides on Florida estate planning and related topics. Feel free to download these free resources for more insights:

• The Essential Guide to Florida Estate Planning: Protecting Your Legacy and Family – A comprehensive overview of Florida-specific estate planning tools and how to use them effectively.

• Star-Spangled Planner: Protect Your Family and the Second Amendment with Estate Planning – An insightful guide for gun owners and collectors on passing down firearms lawfully and safely through estate planning.

• Global Family’s Guide to U.S. Inheritance Law and the Gold Card Advantage – Advice for international families with U.S. assets or members, covering cross-border inheritance issues and opportunities (like the “Gold Card” investor visa benefits).

• The Florida Realtor’s Guide to Probate Properties: From Listing to Closing – A useful read for real estate professionals and property owners dealing with houses in an estate. It explains the probate process in Florida and how to efficiently sell or transfer real property that’s tied up in an estate.

Each of these books is packed with practical tips, real-world examples, and Florida law references. I wrote them to be accessible but authoritative, drawing on both my legal expertise and my personal passion for protecting families. I encourage you to explore whichever topics resonate with your situation.

Fun Estate Planning Lessons from Celebrities and Maryland to Florida Case Studies

For a lighter take on estate planning news and lessons (often from celebrity estates and current events), follow me on social media. I share short, informative videos that make learning fun and accessible:

• Facebook: JOValentino – Join my community for regular videos and tips.
• YouTube Shorts: @JOValentino – Quick-hit videos covering trending topics in probate and estate planning.
• Instagram: @valentinojov – Insights and behind-the-scenes looks at my law practice and thoughts on current estate stories.
• Twitter (X): @JesusOValentino – Follow my tweets for timely commentary on developments in the law and interesting cases in the news.

Engaging with these platforms is a great way to reinforce your knowledge and stay updated on the ever-evolving world of estate law, all while getting to know me and my approach a little better. Plus, I often answer questions from followers – it’s a more informal way to interact and learn.

Contact Me for Help with Maryland to Florida Estate Planning

You have three ways to get in touch with me:

• Call me at (305) 634-7790
• Email me at JO@JOValentino.com
• Fill out the contact form on my website: JOValentino.com/contact

Whether you’re ready to start planning, need a second opinion on an existing plan, or are grappling with a probate issue right now, I’m here to help. Don’t hesitate to reach out – a brief conversation can clarify a lot, and it would be my pleasure to assist you in any way I can.

This article is for informational purposes only and does not create an attorney-client relationship. The only way to become my client is through a signed agreement where I explicitly agree to represent you. Until then, please consider this guidance as educational – and when you’re ready to proceed with personalized legal advice, I’ll be here to provide it. Thank you for reading, and I wish you and your family the very best in your journey toward Rich Planning and peace of mind.