We feel that we have so many decisions to have to make in the preparation for the next part of this journey, that every time we actually make a decision, it is a cause to celebrate, but also sometimes brings additional decisions!
Today we had scheduled to talk to an attorney in Texas who specializes in working with Escapee members and folks who are participating in the full time lifestyle with RVs. We had prepared ahead of time with all our domicile questions and had reviewed his estate planning questionnaire in preparation for new estate (will, Medical POA, POA, etc.) documents. We had a great discussion with Shawn Loring and now have decided that we will domicile in Polk County, Texas, and that we will not create a Montana LLC for registration of our motor home. That allows us to move forward with our purchase of our new (used) motor home in North Carolina, so, if all goes according to plan, we should be heading back to Texas with our new home by early next week!
Just in case folks are contemplating a decision on setting up a Montana LLC for the registration of their motor home and want to know our decision process. We were looking into setting up a Montana LLC as it would save us from having to pay Texas state sales tax and registration fees on our motor home. It it totally ok with Montana for us to create a LLC with no real business purpose, but, for nearly every other state in the US, including Texas, the state expects there to be a business purpose associated with creation of an LLC. If Texas looked into our LLC (if they noticed that we both had Texas driver's licenses and were domiciled in Texas, but Montana licenses on our motor home), they may want an answer to the question of, "What is the business that your LLC is doing?" We could "say" that we are in the business of buying and selling motor homes, but that wouldn't be honest, and potentially Texas could determine that we were dealing fraudulently to avoid paying lawful Texas taxes. The reality is that we appreciate being able to be Texans, and we decided that the cost of Texas sales tax and yearly registration costs is worth the honor of being Texans for us!
The estate planning discussion raised additional questions for us, so while today we determined a few answers, more questions have been raised. I guess life would be boring if there were no outstanding questions, but I think I'd like to experience it for at least 30 seconds to see what it felt like.
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