Exodus: The Art of Domicile

Exodus: The Art of Domicile

Disconnect from the old state and establish ties in the new one

Much has been made recently of professional athletes, like golfer Phil Mickelson, considering fleeing less favorable state tax jurisdictions. Many clients will wander the country, and even the globe, in search of jurisdictions willing to tax less of their incomes or estates. Many states have imposed ever-higher taxes, resulting in a new migration of clients prepared to wander from their old place of domicile to a new, less taxing one. However, the phara

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