State Income Taxation of Trusts Post-Kaestner

State Income Taxation of Trusts Post-Kaestner

State Income Taxation of Trusts Post-Kaestner

February 6, 2020 • 12:45pm-2:30pm • Two City Center, 3rd Floor Portland

The 2019 Supreme Court case, North Carolina Department of Revenue v. Kaestner, will have a profound impact on the state taxation of trusts. The nature of the impact will play out over some time, but it is clear that many states will need to change their current law defining what is a resident trust for income tax purposes. The webinar will discuss the impact of Kaestner, Discussion highlights include:

  • The Kaestner decision explained
  • Immediate impact of the ruling and possible implications
  • Options for trustees in claiming trusts that are not resident trusts in certain states
  • Possible future changes in state laws

Portland Trust Company is pleased to offer Continuing Education opportunities featuring tenured professionals from the American Bankers Association Trust Schools.

Speakers: 

Thomas W. Abendroth, Partner Schiff Hardin LLP

Charles “Skip” D. Fox IV, Partner, McGuireWoods LLP

“State Income Taxation of Trusts Post-Kaestner” has been approved for:

  • 2.0 CTFA Credits
  • 1.50 CPEs for CPAs Credits
  • 1.5 CLE Maine Credits

RSVP amelia.kurtz@portlandtrust.com or 558-6222