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Where Does Your Trust Live?

How to minimize state income taxes.

State income tax laws have become much more complicated for trusts. Trusts can become subject to tax in multiple states based on the random intersection of various state laws. It’s important for estate planners to understand the key principles that drive state trust income taxation and methods to plan ahead for minimizing them. Ideally, effective state income tax planning will help advisors add value to the key family relationships they’ve developed with the plans they originally

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