Historically, Massachusetts has subjected real estate located in a state with no estate tax (Florida, etc.) to estate tax in a Massachusetts. Based on a recent court decision, however, this appears about to change; and this can result in substantial estate tax savings. This is welcome news, as it clears up what was somewhat ambiguous. And, in so declaring, the court seems to have acknowledged that a Massachusetts resident who titles non-Mass real estate in a partnership or L

Income tax is - or should be - part of modern estate planning. This is one of a series of entries on this "hot" topic. State jurisdiction over trust income tax (that is, what state(s) a trust must pay taxes to) varies widely state to state. Some states base taxability on, trustee, and some on the grantor's state of residence. Many tax "state source income" (such as real estate rental income). And some (hooray!) have no income tax on trusts. It's not unusual for a trust to