Minimizing or Eliminating State Income Taxes on Trusts

Richard W. Nenno |
Wealth Planning
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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


Make the Most of Tax Reform

Wilmington Trust |
Tax Reform

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