Join us for a discussion regarding the Fielding decision (it is now unconstitutional for Minnesota Revenue to tax trusts solely based on the fact that the grantor was a Minnesota resident at the time when the trust became irrevocable) and its impact on the trust business in Minnesota.

We will discuss the decision, the Minnesota Supreme Court's rationale, What people should be doing now, what it means for Minnesota residents and planners going forward as well as potential changes to Minnesota law, and the impact if Minnesota were to adopt a law similar to California's.

New precedent for MN resident trusts

The Minnesota Supreme Court sided with Fielding in Fielding v. Commissioner of Revenue finding that taxing the four irrevocable trusts as MN residents was unconstitutional because of the Due Process Clause. The impacts of the decision are far-reaching presenting opportunities for attorneys, tax professionals, estate planners, and trust companies.

Join our panel to discuss the case and its impacts.

Meet the Panelists

Caitlin Abram, Partner at Faegre Baker Daniels

Caitlin was an integral part of the Fielding legal team. Caitlin's carries vast experience in complex trust and estate transactional and litigation matters.

Bill Lunka, Director at SALT Partners

Esteemed MN tax expert, Bill Lunka, brings four decades of state and local tax experience (including 29 years with the MN Dep. of Revenue) to the discussion.

Greg Crawford, President of Alliance Trust Company of Nevada

Nevada is one of the fastest growing trust jurisdictions because of industry-leading tax benefits and asset protection laws. Greg is an expert in NV trust laws and trust migration.

Lunch and panel discussion will be held at Seven Steakhouse - 700 Hennepin Ave, Minneapolis, MN 55403