Changing Domicile For Tax Purposes Is Beneficial If Done Correctly

Day Pitney Multistate Tax Practice Chair Scott Clark authored the article, "Changing Domicile For Tax Purposes Is Beneficial If Done Correctly," for Family Wealth Report. The article discusses how changing a domicile can enhance the quality of life but needs to be planned carefully to avoid pitfalls that might not be immediately apparent. This article comes out at a time of considerable migration by people, including HNW individuals, to states such as Florida and Texas.

Read the full article here.