The Florida Blueprint
Your comprehensive guide to tax-efficient relocation, family office migration, and establishing Florida residency.
Why Executives Are Choosing Florida Now
For high-net-worth individuals, family offices, and hedge funds relocating from New York, California, and Connecticut, Florida offers a pro-business environment, no state personal income tax, and constitutional protection for a qualifying homestead.
For executives earning seven figures or more, state income tax is one of the costs a move can change. The table compares top rates for the 2025 tax year. Florida also offers a year-round climate and a range of private schools.
Top Income Tax Rates
Tax year 2025
| State or city | Top rate |
|---|---|
| FloridaNo state personal income tax | None |
| New York StateTop bracket: taxable income over $25 million | 10.9% |
| New York CityResidents only, paid in addition to state tax | 3.876% |
| California12.3% top bracket plus 1% Behavioral Health Services Tax on taxable income over $1 million | 13.3% |
These are top marginal rates. What anyone owes depends on income, filing status, and residency rules. Talk to a tax advisor about your situation.
Sources: Florida Constitution, Art. VII, §5; Florida Department of Revenue; New York State 2025 rate schedule; New York City 2025 rate schedule; California 2025 rate schedules; California 2025 Form 540 instructions, line 62
Strategic Advantages
Beyond tax savings, Florida offers comprehensive benefits for wealth preservation and lifestyle enhancement.
No State Personal Income Tax
Florida does not impose a personal income tax. New York and California can still tax nonresidents on income from those states, such as pay for work performed there.
Sources: Florida Constitution, Art. VII, §5; Florida Department of Revenue; New York nonresident FAQ; California nonresident rules
Asset Protection
Florida's Constitution protects a qualifying homestead from forced sale by most creditors, within acreage limits and stated exceptions such as property taxes and debts to buy, improve, or repair the home. An attorney can explain how it applies to you.
Source: Florida Constitution, Art. X, §4
Estate Planning Advantages
Florida has no state estate tax and no inheritance tax. Federal estate tax can still apply.
Sources: Florida Department of Revenue, estate tax; Florida Department of Revenue, new residents; IRS, estate tax
Family Office Infrastructure
Miami is home to legal, banking, and wealth management firms that serve family offices.
Establishing Florida Residency
Properly establishing Florida domicile requires more than simply purchasing property. Tax authorities in high-tax states actively audit departing residents. Working with experienced professionals can help your transition withstand scrutiny.
Our Relocation Services
Concierge Property Search
Curated luxury home tours aligned with your lifestyle requirements
Professional Network
Introductions to tax attorneys, wealth advisors, and family office consultants
Private School Placement
Guidance on Miami's private school options
Who We Serve
NY & CA Executives
Corporate officers, managing directors, and C-suite professionals seeking tax-efficient relocation
Family Offices
Multi-generational wealth management organizations establishing Miami presence
Hedge Fund Principals
Fund managers and partners relocating operations to Florida's growing financial hub
Private Equity Partners
PE professionals optimizing carried interest taxation through Florida residency
Tech Founders
Entrepreneurs and startup founders planning for liquidity events
International Buyers
EB-5 investors and other international buyers establishing U.S. residency
Begin Your Florida Transition
Schedule a confidential consultation to discuss your relocation timeline, property requirements, and connect with our network of trusted advisors.
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