Yes, as long as you are legally in the United States, you may establish residency in any state without trouble. The income-tax-free State of Florida won’t fight you on your residency; the concern is your former state.
If you are moving to Florida, particularly from high tax states, you need to move quickly to establish your residency. Every month of delay is potentially one more month that your prior state will attempt to attach itself to your income. Additionally, many high-earning individuals may maintain homes in both locations or business interests, and working to minimize being subjected to the income tax of your prior state is important.
We work with former residents of Massachusetts, New York, New Jersey, California, Washington D.C., and other high tax jurisdictions to establish themselves as Florida residents.
Your move probably involves a lot of decisions, a mixture of financial, emotional, and logistical. Establishing residency is based upon demonstrating your living in your new state, and the faster you move to register for schools, homesteads, insurance, voting, car registration, etc., the sooner you’ll successfully establish your residency. Our systems may be a little different than you are used to, and failure to comply might result in you being taxed in your old state by an extra year.
We offer this service primarily as a courtesy to our new clients moving into Florida. So when we get on a Zoom Call, we can review with you whether you need us to do the groundwork first, or if you’re going to move down and start establishing residency.
We’ll help you quickly move your financial affairs to Florida, so you can focus on the important things like golfing, beaches, and hurricane preparations.