State Tax Planning Using Trusts – A Compelling New Paradigm

In light of changes in the federal tax code and recent favorable tax cases, state tax planning using trusts has emerged as a powerful tool; this was most recently affirmed and validated by the Supreme Court's unanimous decision in the Kaestner case and the Court's denial of certiorari in the Fielding case. Simply by selecting the proper trust jurisdiction (a no income tax state), taxpayers in high income tax states can avail themselves of compelling state tax savings – particularly in the areas of taxation on undistributed trust income and capital gains tax on the sale of low-cost basis assets, such as closely held stock and property.

Join Venable LLP, Bridgeford Trust Company, and Coastal Bridge Advisors for a very timely and highly informative multidisciplinary presentation with our advisors and professionals, all of whom routinely advise families on powerful state tax planning strategies. Our presenters will examine the evolution of case law and tax regulation, with a specific focus on practical and applicable information, as well as compelling state tax planning concepts that participants can include in overall wealth planning.

Speakers

Jonathan Lurie, Partner, Wealth Planning Group, Venable LLP

David James, Managing Director, Coastal Bridge Advisors

Kimberly Nelson, Advisor, Coastal Bridge Advisors

David Warren, Co-Founder and Chairman of the Board, Bridgeford Trust Company

CLE and CPE Accreditation

This activity has been approved for 1.5 CPE credit hours, in the subject area of Taxation. Venable certifies this activity conforms to the standards for approved education activities prescribed by the rules and regulations of the California Board of Accountancy.