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Daily Archives: June 26, 2019

Avoiding State Income Tax with Discretionary Trusts

Events, News, Partner BlogsBy Scott TippettJune 26, 2019

Discretionary trusts just received another endorsement. Last Friday The Nine, otherwise known as the United States Supreme Court, gave discretionary trusts a big boost with the Court’s ruling in North Carolina Dept. of Revenue vs. Kimberly Rice Kaestner 1992 Family Trust (“Kaestner”).  In Kaestner, the Court, in a unanimous decision, held a state, in this…

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