An important four-part series that discusses a host of issues involving state income taxes on trusts. Part One provides an overview of the various approaches to taxation of trust income, then reviews the various constitutional restrictions, as reflected in numerous federal and state cases. Part Two further examines these aspects, beginning with a discussion of
Three themes to maximize your wealth planning potential. Estate tax planning: Take advantage of the higher estate, gift, and generation-skipping transfer (GST) tax exemption—which was nearly doubled under the new tax law. Income tax planning: Take advantage of other state jurisdictions to reduce or mitigate your current (or future) state and local income taxation. Charitable
Establishing a personal trust in the state of Delaware has unique advantages to help you manage and control your business. Learn why the First State is a preeminent jurisdiction for business owners and trusts, offering asset protection, confidentiality, and directed trusts.