Guest: Steve Siegel, J.D., LLM

Retirement, taxes, lifestyle, family, and taxes are just a few of the reasons why your clients may consider a change in where they are located. In this episode of the PFP Section podcast, Steve Siegel, J.D., LLM walks you through what you need to consider as you advise clients, including:

Distinction between residency and domicile
Actions to sever domicile in one state and create it in another
Five essential factors that state auditors focus on when determining domicile
Ramifications of remote working across state lines during the pandemic

Access resources related to this podcast:

Broadridge Advisor article explaining domicile in client terms
The Adviser’s Guide to Financial & Estate Planning

This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS Credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program.

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Changing domicile in today’s environment {PFP Section}

AICPA Personal Financial Planning (PFP)