white paper - state income taxation of inherited and gifted trusts
Practice whitepaper (2022) by Craig R. Hersch (Sheppard Law Firm) explaining how state income tax rules affect inherited and gifted trusts. It contrasts grantor/revocable and non‑grantor/irrevocable trusts, presents a family illustration (Irene → Robert & Lynn) to show how trustee and beneficiary residence and source income determine which state(s) tax trust income, summarizes the 2015–2022 Steve Oshins Non‑Grantor Trust State Income Tax Chart (April 2022), discusses the Kaestner Supreme Court ruling, and offers an action plan and contact/biographical information for firm attorneys.
Questions this document answers
Craig R. Hersch
2022
Non‑Grantor Trust State Income Tax Chart by Steve Oshins, April 2022
North Carolina Dept. of Revenue v. Kaestner 1992 Family Trust (U.S. Supreme Court, 2019)