Establishing a Tax-Friendly Domicile

A recent NY Times article discusses abandoning an old domicile and establishing a new one.  The author writes:

 Lawyers often advise their clients not to migrate or stay put solely for tax reasons, but all other things being equal, you might make your domicile — legal lingo for the place you call home — in a more financially friendly state. Once you have decided where you want to live, you need to sever contacts with the old state and establish ties that bind you to the new one.”  

Deborah L. Jacobs, Wherever You Go, the Taxman Goes, NY Times, April 1, 2009.

Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.