States are all over the board in their taxation of income. This is doubly true when it comes to the taxation of nongrantor trusts. By using nongrantor trusts, you could avoid the state income taxation of property in that trust. Read on to learn more.
State Income Taxation of Nongrantor Trusts
- What’s an “Atom Bomb” or “Contingent Remainder” Beneficiary? - January 22, 2021
- Leaving Assets Can Be Tricky – Part 3 - January 15, 2021
- What the 2020 Election Could Mean for Your Estate Plan - January 8, 2021