A Disruption in Trust Taxation Kaestner & Paula Cases Reviewed

Taxpayers in high tax states (e.g. California, New Jersey, Illinois, Oregon) want to take advantage of zero tax states (e.g. Alaska and Nevada) Shifting income recognition to residents of low tax states accomplishes this.

Today’s agenda

• ING Trusts
• Review of Kaestner Case
• Paula Case Update
• What To Do Now
• Q&A