Change Residency but keep Vacation Home?
My wife and I are between 2 and 4 years away from retirement (at age 60 or 62 for me, 62 or 64 for her) and expect to full time for a couple of years. I understand the benefits of establishing residen...
Forum Discussion
If NJ was your current domicile, keeping the home there has the potential to raise questions on your change of domicile. But if your current domicile is outside NJ, then its not a worry.
The keys are to make it very clear with no lingering attachments, that you have completely left your previous domicile state, at least initially. Move all your personal accounts & attachments to the new state, then be sure that you dont spend an extended period in any one state thats long enough to trigger the automatic residency in that state.
I had 3 part time seasonal homes (in 3 diff states) while I traveled fulltime in my RV and maintained a domicile in SD.
The keys are to make it very clear with no lingering attachments, that you have completely left your previous domicile state, at least initially. Move all your personal accounts & attachments to the new state, then be sure that you dont spend an extended period in any one state thats long enough to trigger the automatic residency in that state.
I had 3 part time seasonal homes (in 3 diff states) while I traveled fulltime in my RV and maintained a domicile in SD.
