Cannon Estate planning - State Income Tax Issues with Trusts - 2/20

PNC's Private Bank is inviting you to attend Cannon Estate Planning Teleconference in person.
 
2024 Teleconference: State Income Tax Issues with
Trusts
 
Tuesday, February 20, 2024
12:00 pm – 1:30 pm
 
PNC Bank
3201 W. White Oaks Dr., suite 100B
Springfield, IL  62704

 
 
Summary of Teleconference:
There’s a wide variety of fiduciary income tax laws among the states. In fact, many states have no fiduciary income tax at all or have a fiduciary income tax regime that is easily avoided. Given these facts, and considering our mobile society, estate planning professionals need to be conversant with how to structure estate planning vehicles and transactions to minimize state income taxes. Many factors, sometimes leading to conflicting results in, or tax being imposed by, multiple states, must be taken into account. During this teleconference, we’ll discuss the following:

Speakers will address:

  • How a trust is or may become subject to a state’s income tax

  • Constitutional challenges to a state’s taxation of a trust

  • Changing a trust’s residency to avoid state income tax

  • Determining the source of income for state income tax purposes

  • Trusts that are subject to state income tax in more than one state

 
Register for the teleconference by sending an email to nicole.moore@pnc.comno later than February 16th.
 
A box lunch will also be provided, so when sending an email to RSVP, please include your choice of sandwich from the following options: 

Jimmy John’s – 1) Pepe (ham & cheese), 2) Big John (roast beef) 3) Turkey Tom 4) Vito (salami, capocollo, cheese, onion, oil & vinegar, 5) The Veggie (double cheese, avocado spread & cucumber) or 6) JJ BLT.  Sandwiches come with lettuce, tomato and mayo. 
 
There is no cost for this teleconference and attendees can earn 1.5 hours of Continuing Legal Education Credit for Illinois and other states. Continuing Education Credit also given for CPA, CTFA, CFP, CLU, ChFC.    
 
 
Kind Regards,
 
Nicole Moore
Executive Assistant
Perry Mangione & Ryan Alwood
 
PNC Private Bank
One North Franklin, Suite 2700
Chicago, IL 60606
(p) 312.384.5999

Sarah Croft