Juan C. Antúnez, in his Florida Probate & Trust Litigation Blog, discusses Malleiro v. Mori. The article begins as follows:
Florida is a magnet for people and foreign capital. Last year alone international home buyers poured $15.6 billion into our state’s economy. Florida’s also the first choice for relocating retirees within the U.S., and the single largest recipient of international migration to the U.S.
In Malleiro v. Mori, the 3d DCA noted that the “people of Florida benefit from the way many citizens of distant states and countries visit, invest, and often stay to live out their golden years in Florida. Some are drawn by the comfort of Florida’s sunshine and coastlines. Others come for the security provided by our low tax economy in which the personal income tax is barred by our traditions and expressly by our Florida Constitution. We owe it to them to ensure that their testamentary intentions are strictly honored regarding the disposition of their Florida property.”
To see the full article, click: Why isn’t a will that’s valid in Belgium also valid in Florida?
Posted by Jessica Ji, Associate Editor, Wealth Strategies Journal.