I'm trying to figure out where I should establish residency. I'm currently a NJ resident because I lived in a co-op apartment that I own there for about 5 years; I have been renting it out for about 2 years now. My current official mailing address is still in NJ (at a UPS store, so it just looks like a regular address). For the past year-ish, I've lived in CT in a house my father owns. Going forward, I will be living half of the time with my fiancee in Brooklyn and the other half here in CT. So, where is the best place for me to establish residency? The considerations that immediately come to mind are taxes (including what happens to my property tax in NJ if I'm not a NJ resident) and health insurance. I'm currently on Horizon Blue Cross Blue Shield of NJ and I don't know if I have to continue to be a NJ resident to keep it. It's decent health insurance and only costs ~$250/month. Oh, and also auto insurance.
Also, I'm not sure how sketchy it is that I'm using a UPS store PO box as a home address.
And I'd imagine there are considerations I haven't even though of.
Also, I'm not sure how sketchy it is that I'm using a UPS store PO box as a home address.
And I'd imagine there are considerations I haven't even though of.