Thanks to recent tax reform, the complex fiduciary income tax rules related to nongrantor trusts have become even more complicated. What happens to excess deductions after termination? How are trusts taxed after a divorce? Can multiple nongrantor trusts take advantage of qualified small business stock exclusions, receive additional state and local tax (SALT) limitations, avoid state income taxation, and still allow the grantor to get the trust assets back at a later date? This presentation will answer those questions and more.