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Choosing your state of residency

WS Resources Changing States


Whether you plan to move to a new state or to live in your current state indefinitely,
the considerations that go into that decision-and the impacts of that decision-merit careful thought.

Moving to a new state

There are many factors that prompt a move to a new state, including location of family, better climate and, of course, taxes. If you are moving from a higher-tax state to a lower-tax state, it can be particularly important to effectively establish your domicile in your new state.

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Understanding the differences between community property and separate property

When a married couple owns property, state laws may dictate how their property may be distributed at death or divided in a divorce. It is important to understand how your state of residence treats property ownership of spouses, especially if you are moving to a new state.

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Additional resources

Please contact a CIBC Private Wealth advisor for more information.