Many retirees, upon finding themselves no longer bound by the geographic constraints of a job or children’s schooling, begin contemplating moving to another - perhaps warmer - state. In addition to a more temperate climate, living in another state can offer distinct economic advantages.

In a recent article for Trusts & Estates Magazine, David Spacht explains how retaining ties to a “snowbird’s” state of origin while avoiding its taxes is possible, and provides a roadmap for tax and trust planning.

Read the full article here.

More About Spacht’s Practice

David Spacht is a member of Pryor Cashman’s Trusts + Estates and Private Client Groups. Experienced in all aspects of estate planning, international tax planning, charitable planning, tax controversy and estate administration, he helps clients develop strategies to effectuate tax-savings, asset protection and business succession.

Spacht is a frequent speaker on estate planning and has lectured on topics related to wealth transfer taxes, estate planning with retirement benefits, tax planning for corporate executives and the intricacies of leveraging wealth transfer tax exemptions.

Learn more about his work here.