From Sea to Shining Sea: Understanding the Landscape of the State Income Taxation of Trusts and Planning to Minimize Tax Exposure

Richard W. Nenno |
Wealth Planning
Closeup woman filling form of Individual Income Tax Return,

Presented at the ACTEC 2021 Virtual Annual Meeting, this article discusses the importance of planning for state income taxation of trusts.Practitioners must factor the state income tax treatment of the trusts they create for their clients into their estate planning recommendations.They must take steps to assure that the income of these trusts is not taxed by any state, or by no more than one state in any event.

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Creating a Unified Family Dynamic

Matt Spagnolo |
Wealth Planning

When you think about your family dynamics, do you have a feeling of unity? Specifically, that level of harmony within your family that can offer the greatest opportunity for generational success.Preparing your family for the future is important, particularly if you own and run a family business that you hope to pass to future generations.

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