How are taxes handled in probate?
Florida has no estate tax on the estate level and no inheritance tax for beneficiaries of an estate. You only have to worry about potential federal estate tax liability. An estate worth more than $5.4 million has a potential estate tax liability and will be required to file a 706 estate tax return. If the couple is married, they have a combined exemption of around 10 million, if not closer to $11 million.