Larry Ellison Relocates To Trump’s Palm Beach Backyard

As reported by Forbes, Larry Ellison’s move from Hawaii to Florida signals more than a change of address. It reflects a broader redomestication trend among high-net-worth individuals and technology founders seeking zero state income tax, stronger asset protection, and business-friendly courts. In this presentation, we examine the legal and tax mechanics behind relocating a primary residence, transferring trusts, and redomesticating corporations from high-tax jurisdictions such as Hawaii to Florida or Texas. We explain how strategic planning can preserve your existing entity name, EIN, credit history, and contracts while avoiding unnecessary conveyance taxes, income tax exposure, and structural mistakes. We also address common and costly errors, including improper filings with the Secretary of State, incomplete conversion documents, and do-it-yourself approaches that can trigger federal tax consequences. Redomestication is a technical legal process. Done correctly, it can protect assets, reduce recurring tax burdens, and strengthen long-term positioning. Done incorrectly, it can create expensive clean-up work and unintended tax liability. If you are considering relocating your business to Florida, this presentation outlines what you must understand before taking action. Learn more: https://www.cummings.law/redomestication/