STEP SD Offsite Meeting: Scarier Than Lions and Tigers and Bears: The Income Taxation of Trusts, Oh My! – 21 April 2020

Scarier Than Lions and Tigers and Bears: The Income Taxation of Trusts, Oh My!

Speaker: Justin T. Miller, J.D., LL.M., TEP, AEP®, CFP® - National Wealth Strategist with BNY Mellon Wealth Management

Thanks to recent tax reform, the complex rules related to fiduciary income tax have become even more complicated. How are trusts taxed after a divorce? What happens to excess deductions after termination? Can multiple non-grantor trusts take advantage of qualified small business stock exclusions, receive additional SALT limitations, avoid state income taxation, and still allow the grantor to get the trust assets back at a later date? This presentation will answer those questions and more. To help practitioners minimize the impact of higher trust tax rates and avoid many of the traps for the unwary, this program will review the impact of recent tax reform, case law, IRS guidance, and Treasury regulations related to the taxation of trusts.

As a national wealth strategist and thought leader at BNY Mellon, Justin Miller works collaboratively with other advisors to provide comprehensive wealth planning advice to clients and their families. He also is an adjunct professor at Golden Gate University School of Law, a Fellow of the American College of Trust and Estate Counsel (ACTEC), and a sought-after speaker on tax, estate planning and family governance topics for leading conferences throughout the country, including the Hawaii Tax Institute, Kasner Estate Planning Symposium, Midwest/Midsouth Estate Planning Institute, NAEPC Advanced Estate Planning Strategies Conference, Notre Dame Tax and Estate Planning Institute, Southern Federal Tax Institute, UCLA/CEB Estate Planning Institute, USC Tax Institute, and STEP Institute on Tax, Estate Planning and the Economy. In addition, he has published numerous articles in publications such as the American Journal of Family Law, California Tax Lawyer, California Trusts and Estates Quarterly, Family Law Quarterly, Probate & Property, Real Property, Trust and Estate Law Journal, State Tax Notes, Tax Notes, and Trusts & Estates, and he is frequently quoted as an industry expert in the media.

Mr. Miller has served as an executive committee member of the State Bar of California Taxation Section, an executive committee member of the Los Angeles County Bar Association Taxation Section, the chair of the Century City Bar Association Taxation

Section, multiple leadership positions with the ABA Real Property, Trust and Estate Law Section, and the editor-in-chief of the California Tax Lawyer. Prior to joining BNY Mellon, he was an attorney at a major law firm, where he advised wealthy families,

senior corporate executives and closely-held business owners regarding tax-efficient estate and business succession planning, trust law and management, and asset preservation.

Mr. Miller received a master of laws in taxation and a juris doctor from New York University School of Law and a bachelor’s degree, with honors, from the University of California at Berkeley.

Checks should be made payable to “STEP SD” and sent to:

Mr Xavier Maldonado
Global Vantage Wealth Management
2240 Encinitas Blvd., Suite D #412
Encinitas, CA 92024

WHO SHOULD ATTEND? We encourage all current STEP members, applicants and estate and trust professionals (including but not limited to attorneys, accountants, trust officers, and other providers of ancillary services in the estate planning area) considering STEP membership to attend.