Wealth Management published an estate planning article by Jonathan Kohl, covering five things clients should consider when moving to a new state. No matter the reason for the move, Jonathan noted, "it's important to provide clients with as much information as possible as to the 'why' and the 'how' when it comes to leaving one jurisdiction for another."
Jonathan, a Chicago-based Private Wealth associate, covered a number of considerations, including state versus federal factors, and the key differences between changing residence and changing domicile. He also discussed both income tax and estate tax considerations, and issues involving irrevocable non-grantor trusts.
"Five Things for Clients to Consider When Moving to a New State," Wealth Management, October 19, 2022
A version of this article first appeared at katten.com, under the headline, "Greener Pastures: Five Things to Consider When Leaving One Jurisdiction for Another."
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