The Delaware Tax Trap

Richard W. Nenno |
Wealth Planning

This article reprint was published in Volume 40 of the Tax Management Estates, Gifts and Trusts Journal and provides an overview of the federal tax laws known as the Delaware Tax Trap, including:A review of the Trap’s history.How to spring and not to spring the Trap, and  when to spring and not to spring the Trap.A summary of how the Trap works under current Delaware law and how it works under the laws of some other states.