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Domicile: A State Tax Consideration for Snowbirds

In my last article, “Estate Planning for Snowbirds,” I briefly mentioned that for people who divide their time between New York and Florida, an important question is domicile or in which state you are considered a resident. In this article, I will address the tax advantages of being a Florida resident, rather than a New York resident, and the process of becoming a Florida resident, even if you intend to spend significant time in New York each year. Continue reading Domicile: A State Tax Consideration for Snowbirds