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Taking affirmative steps to move one’s property and connections out of their old home is critical to avoiding undesired consequences, such as dual domicile treatment or taxation by another state. This checklist identifies primary and secondary factors that should be considered when establishing domicile in a new state for income tax purposes.

Structured as an irrevocable, complex trust for the benefit of the transferor's future generations, a Dynasty Trust is an option for high-net-worth individuals to maximize the amount that can be transferred during their lifetime or upon death to support multiple generations, transfer tax free. Using an illustrated example, learn more about the advantages and disadvantages of a Dynasty Trust.

Education is an expense that impacts many families each year. As the cost of secondary and higher education continue to rise, many families should consider the tax benefits of funding educational expenses. The type of vehicle used to fund educational expenses varies and can include education trusts and qualified tuition programs that are designed as investment accounts.