In Florida Probate cases the personal representative may still have to pay past due taxes on Intangible Personal Property:
The value of such property is not derived from the property itself but what it represents. For example types of this property include cash, stock, bonds, mutual funds, and bank accounts. The paper themself has virtually no value but the promise to pay or designation of a certain value by the company, government or stock market provides the value of the property. Florida has an intangible property tax on intangible property that a Florida resident owns as of January 1 above a specified amount. An intangibles trust can be prepared to avoid this tax.