Press Room

June 11, 2014

Fiore to Present on State Income Taxation of Trusts

The rules governing the state income taxation of trusts are rapidly evolving.  Recent cases have challenged the validity of the taxation of trusts in a variety of states. Trustees, beneficiaries and their advisors need to stay current with respect to these important tax law changes. Carl Fiore with L. Timothy Hakkeron and James Cundiff from McDermott Will & Emery will examine the significance of recent court decisions and provide practical guidance regarding the state income taxation of trusts. In particular New York has been the epicenter of recent (and significant) trust tax law changes which could very well serve as a template for other states modifying trust tax laws.

This webinar based programming, Trust Income Taxation: Navigating the Changing State Landscape, is hosted by The American Law Institute Continuing Legal Education Group taking place June 30, 2:00PM EST.

The American Law Institute (ALI), founded in 1923, is the leading independent organization in the United States producing scholarly work to clarify, modernize, and otherwise improve the law. The Institute (made up of 4,000 lawyers, judges, and law professors of the highest qualifications) drafts, discusses, revises, and publishes Restatements of the Law, model statutes, and principles of law that are enormously influential in the courts and legislatures, as well as in legal scholarship and education. ALI has long been influential internationally and, in recent years, more of its work has become international in scope.

Carl Fiore has significant experience with tax and financial matters affecting entrepreneurs, executives and other high net worth individuals. He has worked with numerous families and closely held businesses to develop and implement wealth maximization plans through the use of family entities, income tax planning, stock option planning, charitable giving strategies, and effective gift and estate tax planning.

Carl’s primary practice areas are gift and estate planning as well as fiduciary income tax with experience in federal and state income tax consulting and compliance for individuals, partnerships, fiduciaries, estates, corporations and private foundations.

June 30, 2014

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