U.S. Supreme Court addresses state income taxation of trusts in Kaestner
By Oliver R. Merrill
Trusts and Estates,
July 2019
On June 21, 2019, the U.S. Supreme Court issued its decision in North Carolina Department of Revenue v. Kimberley Rice Kaestner 1992 Family Trust, which considered whether the Due Process Clause of the Fourteenth Amendment prohibits states from taxing trusts based on trust beneficiaries’ in-state residency.
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