ENG2416. Should I Stay or Should I Go? Tax Residency Planning (EST, TAX)

In this session, we will review tax residency planning for individuals, businesses and trusts. We will also discuss some of the non-tax reasons an individual, business or trust may wish to establish domicile in a more favorable jurisdiction.

Learning Objectives:

• Identify key considerations and steps to change domicile and cut ties with a state’s taxing authority.
• Recall how the tax implications of business transactions can be significantly impacted by the domicile of the business and business owners.
• Recognize how certain trusts may be used to provide benefits permitted under the laws of the state’s situs even if the taxpayer resides in a less favorable jurisdiction.