Strategic Guidance for Key Financial Considerations
If you pay sizeable income taxes, your state may make it difficult for you to leave. Explore where to move and why as states tax residents and businesses in different ways—some tax income or capital gains and some have an estate or inheritance tax.
Through thorough reviews, our professionals help you assess your income sources to understand financial implications when relocating.
How Plans Can Help Your Decisions
Through planning, our professionals provide:
- Enhanced understanding of the personal and tax considerations influencing your transition
- Coordinated plans to help reduce risk arising from the transition
- Tailored, in-depth timelines to plan for your transition
- Long-term impact models for your family, estate, and wealth management plan
Factors to Address
A well-executed residency transition requires a comprehensive review of many factors that impact your decision to move. Evaluate key priorities with insights from our professionals.
Transition Considerations
- Quality-of-life and liquid-asset needs
- Financial implications
- Estate planning: multigenerational and philanthropic
- Cost of doing business
- Potential sale of business or large liquidity event
- Business relocation or expansion
Residency Determination
- Intent
- Physical presence
- Real estate
- Personal property
- Community and social ties
- Individualized considerations
How the Process Works
Residency transition takes time. Rushing the process can lead to missed opportunities or even negate the value of moving entirely.
Our advisors work with you to build a comprehensive plan that finds solutions for potential obstacles and helps achieve your goals.