Does a Florida Revocable Living Trust Reduce Estate Taxes or Capital Gains Taxes? by CarlGlendon Published: November 12, 2026 (2 days ago) Category Business Link Does a Florida Revocable Living Trust Reduce Estate Taxes or Capital Gains Taxes? It has been seen that when you are living in USA Florida and have any kind of estate or capital property then you have to pay taxes for it. So here you have to take help and guidance from a revocable living trust.