SEPC March Meeting

Date: Wednesday, March 22, 2023
Time: 5:00pm - 7:30pm
Location: Sutter Club (Sacramento Room) / Zoom
Speaker: Justin Miller - Evercore Wealth Management, LLC

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

Justin Miller, J.D., LL.M., TEP, AEP®, CFP®
Partner and National Director of Wealth Planning, Evercore Wealth Management
Managing Director, Evercore Trust Company


Thanks to recent tax reform, the complex rules related to fiduciary income tax have become even more complicated. What happens to excess deductions after termination? How are trusts taxed after a divorce? 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 burden 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.


I.    Overview of Income Taxation of Trusts and Estates

  • Grantor Trusts, Simple Trusts, Complex Trusts
  • Fiduciary Accounting Income, Taxable Income, Distributable Net Income

II.   Hot Topics

  • Trust Tax Brackets
  • Uniform Fiduciary Income and Principal Act
  • Suspension of Miscellaneous Itemized Deductions
  • Charitable Deductions
  • Inter Vivos QTIPs and Spousal Support Trusts
  • Multiple Non-Grantor Trusts for QBI, SALT and QSBS
  • State Taxation of Trusts—DINGs, NINGs and WINGs

Location (if attending in person)
Sutter Club, Sacramento Room
1220 Ninth Street
Sutter Club, Garage
824 L Street

Zoom Attendees
Please sign in promptly so you have adequate opportunity to prepare for the meeting. 

Zoom information will be emailed the day before as well as the time to sign in for the meeting.

Registration/Cocktails: 5:00 p.m.
Meeting/Dinner: 5:45 p.m.
Presentation: 6:30 p.m. - 7:30 p.m.


  • SEPC Members (Zoom): $25
  • Non-Members (Zoom): $45

For More Information

Contact: Raquel Altavilla
Phone: 916.715.5939

Please note we have a limited in person capacity for this meeting. There are no walk-ins for this meeting.

Zoom registration will close on Monday, March 20.

See Upcoming Event Calendar