Establish Nevada Residency

Establishing Nevada Residency – seek the attorneys and CPAs at the David Bindrup Law Firm to help you navigate this important tax saving strategy.

To establish Nevada Residency, everyone based on where they come from has a different set of requirements.  In other words, this list is not a comprehensive list to establish Nevada Residency, and it is a case-by-case situation for everyone.  However, here are some legal and tax saving strategies to create more contacts, ties, and relationships to the State of Nevada.  

Like many of our clients, you too want to establish Nevada residency as soon as possible to benefit from the great laws in the State of Nevada such as – no state income tax, best asset protection in the nation, and beneficial trust laws.

Requirements for Establishing Nevada Residency - a Step-by-Step Checklist

  1. Change your driver’s license to the State of Nevada.  
  2. When visiting the Nevada Department of Motor Vehicles, you should immediately change your voting registration to the State of Nevada with all the mail going to your Nevada address. 
  3. At the Nevada Department of Motor Vehicles register your vehicle in the State of Nevada.  
  4. Change your car insurance to the State of Nevada and use your home address. 
  5. Try and purchase a house in the State of Nevada as opposed to renting a place especially if in your previous state you still own a house.  
  6. Furnish your residence with the necessities like beds, couches, tv, and other necessities of living in the State.    
  7. Get all the utilities in your name like water, gas, electricity, and cable bills. 
  8. Open new bank accounts in the State of Nevada with the mail going to your Nevada address.  
  9. Update your estate planning documents: Will, Trust, power of attorney, durable power of attorney, and medical power of attorney.  
  10. Change properties owned in your previous trust to the new trust name and date with the domicile in the State of Nevada.  
  11. Totally amend and restate your existing trust with the same trust name and date; however, change the domicile and the jurisdiction to Nevada. 
  12. Update your IRS records to have your mailing address go to your Nevada address.  
  13. File a new Nevada Homestead Exemption and cancel your other state’s homestead exemption. 
  14. Establish relationships with Nevada providers like your healthcare providers, clubs, church, and community groups.  
  15. Maintain 183 days a year outside your former home state so there are no issues whereby the other state can claim you didn’t really change situs.  
  16. Have your minor children attend school in the State of Nevada. 
  17. Have your monthly reoccurring bills be sent to your new Nevada address like your cell phone, internet, financial documents, and retirement documents.  
  18. Update all the mailing address so everything goes directly to your Nevada address.
  19. In your previous state, update your mailing address so all bills and correspondence get forwarded to your Nevada address.  
  20. Keep detailed proof of your spending like credit card bills to prove your presence in the State of Nevada and not in your home state. 
  21. Establishing Nevada residency requires you to pretend that you can no longer receive anything in your previous home state, so you get all correspondence and letters and items sent to your address in the State of Nevada.   
  22. Stop using cash.  Use credit cards which can create a paper trial to prove that you were not in your previous home state for more than 183 days. 
  23. Change warranties and service your vehicles in the State of Nevada.    

Locations

Henderson Office

10424 S. Eastern Ave., Ste. 101
Henderson, NV 89052

Las Vegas Office

9030 W. Cheyenne Ave., Ste. 210
Las Vegas, NV 89129

Pahrump Office

1321 S. Hwy 160, Ste. 8A
Pahrump, NV 89048

Phone

702.465.0888

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