The presenter will discuss the use of certain non-grantor trusts to save state income taxes. The speaker will explain how easy it is to design trusts to avoid state income taxes in many cases and show the attendees how to apply the state long-arm taxing statutes. This planning is especially valuable now that the state & local tax deduction is limited to $10,000 per year.
Learn how different states tax non-grantor trusts
Learn how to modify a trust to save state income taxes