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Article: Domicile planning - don't take it for granted.(Florida)
- Article from:
- Florida Bar Journal
- Article date:
- January 1, 2006
- Author:
CopyrightCOPYRIGHT 2006 Florida Bar. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Every day, attorneys, accountants, and other professionals across Florida interact with clients or potential clients who could benefit from domicile planning. Because clients rarely engage attorneys or other professionals with domicile planning in mind, many opportunities to properly plan for domicile are missed. If the right questions are asked at the right time, however, steps may be taken to avert possible disaster and maximize outcomes for clients and their families.
What Is Domicile?
While there is no universally adopted definition of domicile, the states (and the IRS) share a general understanding of what domicile means. In Florida,
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