Thanks to recent tax reform, the complex rules related to fiduciary income tax have become even more complicated.  How are trusts taxed after a divorce?  What happens to excess deductions after termination?  Can multiple nongrantor 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?  During this session, we will explore and learn solutions to these questions to help practitioners minimize the impact of higher trust tax rates and avoid many of the traps for the unwary.  We’ll also review the impact of recent tax reform, case law, IRS guidance, and Treasury regulations related to the taxation of trusts to continue the successful planning for our clients.