Legal Question in Tax Law in Florida

property tax

If I place my property into a living trust does that exclude me from the tax deduction I am used to recieving?


Asked on 2/12/09, 1:28 pm

1 Answer from Attorneys

Thomas Shigo The Shigo Law Firm, P.A.

Re: property tax

It depends on the language of the trust but generally there is no change in tax characteristics if the owner, trustee and beneficary are the same and the trust is revocable.

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Answered on 2/12/09, 3:09 pm


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