EST2329. State Taxation of Trusts

In this session, we will provide an overview of the state income taxation of trusts. States are all very different in the way they define residency for a trust. We will walk you through the state statutory guidance and constitutional application for the state income taxation of trusts. We will also provide you with some planning considerations to assist in the formation and maintenance of trusts.

Learning Objectives:

• Determine how states define residency for the purposes of trust taxation.
• Identify the statutory and constitutional guidance related to trust taxation.
• Recognize the state tax saving opportunities available when forming and maintaining trusts.