The Great Trust Migration
OL1617 | On Demand Course | Update | Self-Study
Description
As clients relocate to Tennessee or move their trusts here without moving themselves, CPAs are on the front line of planning and compliance. This practical session explains how and why trusts migrate to Tennessee, what changes when situs and administration shift, and how to evaluate the state and multistate tax consequences for both in state and out of state clients. We'll demystify Tennessee's unique trust friendly features, clarify individual and trust residency rules, and walk through real world examples. You'll leave with a framework to spot trust planning opportunities, model tax results, and partner effectively with legal counsel.
This course is part of the 2025 Tennessee Federal Tax Conference Bundle. Purchase the conference bundle here.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 1.00 | Taxes |
Objectives
Learning Objectives
- Differentiate individual and trust tax residency and legal residency
- Identify unique Tennessee trust law features that can improve outcomes for resident and non-resident clients
- Evaluate steps and considerations in moving a trust
Prices
- Member (Early Bird)
- $59.00
- Non-Member (Early Bird)
- $99.00
- Member
- $59.00
- Non-Member
- $99.00
Instructors
John M. Bunge, JD, LLM
John Bunge is a tax and private wealth services attorney in Holland & Knight's Nashville office. Mr. Bunge helps clients navigate the confluence of tax planning, business succession planning and estate planning, and seeks to find the most elegant solutions possible to reach their goals.
Mr. Bunge's wealth preservation experience includes income, gift, estate and generation-skipping transfer tax minimization, through the use of irrevocable trusts, sales and gifts to trusts, charitable-interest trusts and grantor-retained annuity trusts, among other sophisticated wealth planning strategies. He also advises families on the formation of investment entities, such as family limited partnerships and family LLCs.
Mr. Bunge helps clients reach their charitable goals, using charitable giving techniques to minimize income, estate and gift taxes, and advising clients on the formation and operation of tax-exempt organizations, including private foundations.
He also counsels families regarding the formation, structuring and operation of family offices and private trust companies.
Additionally, Mr. Bunge helps clients minimize income taxes through individual, partnership and corporate tax planning. He also has experience assisting taxpayers through IRS audits, appeals and U.S. Tax Court litigation.
Back to Instructors