Presenter tells Ways & Means recent U.S. Supreme Court rulings limit Vermont’s ability to tax long‑standing "resident" trusts At a Ways & Means briefing, Mark Langan told lawmakers Vermont can tax trust income only when the trust retains sufficient "nexus" to the state — a rule courts reinforced in recent U.S. Supreme Court guidance — and urged care before asserting long-term claims on out-of-state trusts.

Vermont's ability to tax trusts is facing scrutiny as recent Supreme Court rulings tighten the definition of "nexus" — could your trust be next?

Learn more here

#VT #CitizenPortal #VermontTrusts #TrustManagement #LegalNexus #TaxationLaw