Skip navigation
TE-Practical-Solutions.jpg

Mitigating State Income Taxation of Trusts

Martin M. Shenkman and Joy Matak discuss how to assess a trust’s exposure to state taxes.
Resources

Many clients are interested in mitigating or avoiding state and local taxes (SALT). While income generated by grantor trusts will be taxable to the grantor in the states where the grantor resides, non-grantor trusts will be taxed in states where the trusts are considered to reside. States have had to devise statutory tests to determine whether a trust would be considered a resident, subject to taxes on its worldwide income. By understanding these tests, practitioners may be able to minimize

All access premium subscription

Please Log in if you are currently a Trusts & Estates subscriber.


If you are interested in becoming a subscriber with unlimited article access, please select Subscription Options below.


Questions about your account or how to access content?


Contact: [email protected]

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish