Trust Situs Matters: Situsing a Trust for Maximum State Income Tax Savings

By: Steven J. Oshins, Esq., AEP (Distinguished)

Estate planners are constantly looking for additional ways to save taxes for their clients. One often-overlooked concept is to use trusts to save state income taxes, especially for those clients who reside in a state with a high state income tax. Ironically, income tax savings is generally the most appreciated work we do for our clients given that they can personally enjoy the savings, but yet the planning opportunities are frequently missed.

To learn more about situsing a trust for maximum state income tax savings, please complete the form below.