As mentioned in the above article, the stakes are high when it comes to changing domicile. In making that determination, the tax authorities and the courts look at whether you have changed your "pattern of life."
Accordingly, our domicile planning process consists of the following steps:
Part of any domicile review is weighing the risks and benefits of the position taken and deciding how to balance tax goals and personal goals. We are happy to assist in this process.
There is some good news on domicile – Connecticut, New York, New Jersey and Massachusetts all specifically acknowledge that continuing to make charitable contributions to charities in those states will not be considered a factor in determining domicile. For more information, see Day Pitney’s February 2016 Nonprofit Newsletter.
An article from Day Pitney's July 2016 Estate Planning Update
An article from Day Pitney's July 2016 Estate Planning Update
An article from Day Pitney's July 2016 Estate Planning Update
An article from Day Pitney's July 2016 Estate Planning Update
An article from Day Pitney's Estate Planning Update
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