North Carolina Department of Revenue, Petitioner v. The Kimberly Rice Kaestner 1992 Family Trust
Nature of Suit:
- Davis Wright Tremaine
- Debevoise & Plimpton
- Ellis & Winters
- Faegre Drinker
- Goldman Felcoski
- Mayer Brown
- Moore & Van Allen
- Nelson Mullins
- Robinson Bradshaw
- Schulte Roth
Sectors & Industries:
June 21, 2019
The U.S. Supreme Court ruled Friday that North Carolina violated the due process clause by taxing an out-of-state trust when the only connection between the state and trust was a beneficiary's residence in North Carolina.
April 12, 2019
The first week of the U.S. Supreme Court's final oral argument session this term will feature a busy lineup of civil cases involving everything from trademarks for dirty words to wage-and-hour protections for offshore drilling employees. Here's what to expect.
April 05, 2019
A trust is attempting to erect a tax shelter in arguing that the due process clause bars states from using the residency of its beneficiary and trustee to tax it, North Carolina's tax agency told the U.S. Supreme Court on Friday.
March 25, 2019
South Dakota, which won the landmark Wayfair decision, on Monday told the U.S. Supreme Court it should rule in favor of a trust sued by North Carolina, saying that Wayfair does not apply to a state taxing a trust.
March 22, 2019
The due process clause prohibited North Carolina from taxing an out-of-state trust solely because its beneficiary resided inside the state, the New York State Bar Association told the U.S. Supreme Court on Friday.
March 19, 2019
North Carolina's taxation of a trust where the settlor and trustee are in New York and the only connection to the state is that a beneficiary lived there violates the due process clause, the trust told the U.S. Supreme Court.
February 28, 2019
Efforts of a trust are "purposefully directed" at beneficiaries, so North Carolina may tax an in-state beneficiary, even if the trust was elsewhere and income was not distributed, tax professors told the U.S. Supreme Court Thursday.
February 22, 2019
North Carolina's revenue agency urged the U.S. Supreme Court on Friday to overturn earlier court decisions forcing the agency to refund $1.28 million to a trust, saying the trust beneficiary's residency in the state should permit taxation.
January 18, 2019
The U.S. Supreme Court decision to hear a case about state taxation of trusts will likely have far-reaching implications, potentially answering questions about how much state taxation due process allows, and what constitutes nexus.
January 11, 2019
In a case that could have broader nexus implications, the U.S. Supreme Court on Friday agreed to decide whether the due process clause prohibits a state from taxing a trust solely because its beneficiary resided in the state.