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Domicile and Tax Residency for Business Owners: Estate Planning Considerations, Tax Issues, Valuation, and More

Recording of a 90-minute CLE/CPE video webinar with Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford CPE+ Pass. Click for more information.
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Conducted on Friday, January 19, 2024

Recorded event now available

or call 1-800-926-7926

This CLE/CPE webinar will provide estate planners and advisers an in-depth analysis of domicile and residency considerations for business owners and their impact on estate and tax planning. The panel will discuss the challenges faced by business owners shifting residency from one state to another to maximize overall tax benefits and issues that arise when their business operations remain in the former state. The panel will also discuss tax issues, valuation challenges, succession, and mechanisms to ensure effective estate planning.


Domicile and tax residency can complicate estate planning for business owners requiring attorneys and advisers to consider complex tax laws and available planning tools. Estate planners for those seeking to relocate to a more tax friendly state must take measures to minimize taxes so that the business interest doesn't create issues for the estate and beneficiaries.

Effective estate planning for business owners maximizes the value of their business, minimizes taxes, and provides for the continuity of business succession. This involves an in-depth understanding of planning methods, legal nuances, and related issues such as business valuation challenges, the use of buy-sell agreements and trusts, tax considerations in succession planning, lifetime transfers, and other priority items.

High-income taxpayers relocating to low or no income tax states with active business operations and employees in the state they have left creates several estate planning and tax issues. This requires attorneys and advisers to have an in-depth understanding of the challenges stemming from business interests in estate planning and administration and techniques to minimize income, estate, and gift taxes.

Listen as our experienced panel provides a complete analysis of domicile and tax planning for business owners and key elements for shifting domicile from one state to another to maximize overall tax benefits.



  1. Domicile vs. tax residency
    1. Impact of domicile on business owners
    2. Residency rules and key issues
  2. State regulatory challenges; new allocation and residency issues
  3. Key planning considerations
  4. Strategically relocating to minimize state taxes
  5. Special tax considerations


The panel will review these and other key issues:

  • How do domicile and tax residency rules impact estate planning?
  • What are the critical considerations for domicile and estate planning for business owners?
  • What are the critical elements for shifting domicile or residency from one state to another to minimize or avoid high taxes?
  • What are the tax challenges and potential pitfalls to avoid?


Browning, Mary
Mary W. Browning, Esq., LL.M.

Cole Schotz

Ms. Browning has practiced tax, trusts and estates law with her own characteristic blend of compassion, commitment and...  |  Read More

Foreman, Matthew
Matthew Foreman, Esq., LL.M.

Falcon Rappaport & Berkman

Mr. Foreman co-chairs FRB’s Taxation Practice Group and advises businesses on the tax effects of a variety of...  |  Read More

Horowitz, Ian
Ian S. Horowitz, Esq., LL.M.

Of Counsel
Falcon Rappaport & Berkman

Mr. Horowitz focuses his practice on estate, gift, federal income, generation-skipping transfer taxation and related...  |  Read More

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Strafford will process CLE credit for one person on each recording. CPE credit is not available on recordings. All formats include course handouts.

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