Moritt Hock & Hamroff Addresses Growing Trend Of New Yorkers Fleeing The State With New Domicile Planning Group

Garden City, NY; March 18, 2024— As an increasing number of New York residents leave the state to take up residence in Florida, Moritt Hock & Hamroff announced today the expansion of its Trust & Estates practice to include a new Domicile Planning Group to address the issues associated with this growing trend.  The group counsels clients to ensure their choice of domicile is properly planned and maintained for both income tax and estate tax purposes.

"New York State has grown increasingly aggressive in challenging assertions by former residents claiming a change of domicile to more income and estate tax friendly jurisdictions.  In particular, we have been seeing a number of our clients heading south to Florida," said Michael Cardello III, Managing Partner of the firm. "Our Domicile Planning Group is well positioned to advise clients of the challenges posed in claiming a change in residence, as well as help create a plan to address these challenges in the event of a residency audit by New York State."

The announcement follows the expansion of the firm's presence last year in Southeast Florida with the opening of a new Fort Lauderdale office.  The firm previously opened a Florida office in Naples in 2019. 

About Moritt Hock & Hamroff

Moritt Hock & Hamroff is a 90-attorney full service commercial law firm, founded in 1980, that provides a wide range of legal services to businesses, corporations and individuals worldwide from its offices in New York City, on Long Island and in Florida.

###