North Carolina Dept. of Revenue v. Kimberley Rice Kaestner 1992 Family Trust Archives

21 Jun 2019 |

SCOTUS Opinion: Under Due Process Clause, State Cannot Tax Foreign Trust Solely Because A Beneficiary Resides In the State

A family trust was created in New York state, with the trustee also located in New York, to distribute assets to the children of the trust creator under the trustee’s sole discretion. One of those children moved to North Carolina. The trustee then divided the trust into three separate trusts, one for each child, retaining full power and discretion over ... Read More

TAGGED: scotus, Fourteenth Amendment, SCOTUS opinion, Due Process, Foreign Trust, North Carolina Dept. of Revenue v. Kimberley Rice Kaestner 1992 Family Trust