Changing Domiciles to Save on TaxesChanging Domiciles to Save on Taxes

It recently was reported that Joe Scarborough and Mika Brzezinski have been broadcasting their “Morning Joe” news show from their new home in Jupiter, Fla. with backdrops of Washington, D.C.¹ Before the move to Florida, a state with no income or estate taxes, Scarborough and Brzezinski lived in Connecticut, a relatively high income and estate tax jurisdiction. As taxpayers receive their 2018 tax bills, it’s anticipated that there will be large migrations to low tax domiciles in an attempt to reduce 2019 taxes.

Tax savings certainly is an attractive reason for a client to exchange his high tax domicile for a low one, but it’s not quite as easy as simply moving to a new house or spending 183 or more days in a low tax jurisdiction. Severing ...