The Supreme Court issued a decision in North Carolina Department of Revenue v. The Kimberley Rice Kaestner 1992 Family Trust—and it’s unanimous. The Court ruled that a trust beneficiary’s ...

The North Carolina Supreme Court held that the statute was unconstitutional, finding that the beneficiaries’ residence in North Carolina was too tenuous a link between the state and the trust to ...

The U.S. Supreme Court has held that North Carolina may not tax a New York trust commensurate with the Due Process Clause where the trust's only connection with North Carolina was that North ...

North Carolina cannot tax a trust when the trust’s only connection to the state is the residence of a beneficiary, the U.S. Supreme Court held Friday in a unanimous decision (North Carolina Dep’t of ...