Cannon Estate Planning Teleconference Series

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State Income Tax Issues With Trusts


The Cannon Estate Planning Teleconference Series provides a monthly forum for professionals to connect and collaborate. Topics relate to current events impacting the Wealth Management and Estate Planning industries.


Each monthly Teleconference is approved by national organizations and associations for Continuing Education and CLE. Over 80% of all state CPA and Bar associations consistently view this program as a Continuing Education main stay.


There is a wide variety of fiduciary income tax laws among the states. In fact, many states have no fiduciary income tax at all or have a fiduciary income tax regime that is easily avoided. Given these facts, and considering our mobile society, estate planning professionals need to be conversant with how to structure estate planning vehicles and transactions to minimize state income taxes. Many factors, sometimes leading to conflicting results in, or tax being imposed by, multiple states, must be taken into account.

During this teleconference, we will discuss the following:

  • How a trust is or may become subject to a state’s income tax
  • Changing a trust’s residency to avoid state income tax
  • Determining the source of income for state income tax purposes
  • Trusts that are subject to state income tax in more than one state

Time and Location


    July 21, 2015


    12:30 PM


    Marcum LLP
    750 Third Avenue, 11th Floor
    New York, NY 10017