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Exodus: The Art of Domicile

Estate Planning & Taxation
Trusts and Estates
Much has been made recently of professional athletes, like Phil Mickelson, considering fleeing less favorable state tax jurisdictions. Many clients will wander the country, and even the globe, in search of jurisdictions willing to tax less of their incomes or estates. Many states have imposed ever-higher taxes, resulting in a new migration of clients prepared to wander from their old place of domicile to a new, less-taxing place.

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