Render unto California: State Income Taxation of Trusts & Entities



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Credit Details
Credit Hours:
Specialty Area:
Estate Planning, Trust and Probate Law
Credit Type:
Original Air Date:
June 16, 2020
Accredited In:

You may be able to self apply for credits in states not listed. BHBA provides CLE accreditation as described above. 

About the Program

Analysis of California income taxation issues related to trusts and entities. Many Californians enjoy the benefits of living in California but yearn for a structure that can earn investment income not subject to California income taxes. Many residents of other states and countries are first surprised, and then angry upon discovering that their ?non-California trust? is subject to California income tax.

Similarly, LLC and other entity owners are often shocked to discover that they have been ?doing business in California? for years ? or even that they are ?doing business? at all in a holding company. Let?s explore the many and interesting ways that California wraps its long tax-hungry arms around our clever estate planning structures.

  • California Taxation of Grantor Trusts
  • California Taxation of Nongrantor Trusts
  • Taxation of Distributions to California Beneficiaries
  • Taxation of Various Entities as Holding Companies
Meet the Speakers
Gittings Photography
Kathryn Gose


McDermott Will & Emery

Katie C. Gose’s practice focuses on estates, trusts and tax planning for high net worth clients. She has experience drafting and administering dynasty trusts, supervising trust administrations, preparing federal estate and gift tax returns and working with private foundations.

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Laurelle Gutierrez


McDermott Will & Emery

Laurelle M. Gutierrez has a diverse practice representing high-net-worth individuals and their families with respect to all aspects of gift, estate and generation-skipping wealth-transfer tax planning, as well as trust and estate administration.

Laurelle has extensive experience in the design and implementation of sophisticated intergenerational wealth-transfer planning strategies. She advises domestic and multinational high-net-worth clients and families to develop and orchestrate innovative solutions around wealth transfer, philanthropic giving and multifaceted estate planning needs. She has advised trustees and executors with complex probate and trust administrations, including successfully representing clients in estate tax and gift tax audits.

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Elizabeth Glasgow


Partner McDermott Will & Emery LLP

Elizabeth R. Glasgow focuses her practice on multigenerational wealth preservation and tax minimization, including the creation and implementation of dynasty trusts, business succession plans, asset protection strategies and charitable giving structures for business owners, real estate investors, entrepreneurs, and families managing inherited wealth. She provides comprehensive advice on a wide range of issues facing mobile high net worth individuals and geographically dispersed families, including coordinated income tax planning across multiple jurisdictions. She is also an experienced counselor to the non profit community and works with a variety of tax-exempt entities in fulfilling their charitable missions by ensuring proper formation and management of their organizations.

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