Kaestner, Fielding, and State Income Taxation of Trusts sponsored by Endeavor Wealth Advisors

Date: Tuesday, December 10, 2019
Time: 11:30am - 12:30pm
Location: The City Club of Cleveland, 850 Euclid Ave., 2nd Fl., Cleveland, OH 44114
Speaker: Maryann Thomas

Please arrive at 11:30 am for networking time in advance of lunch.
Lunch will be served at 12:00pm (noon) with the meeting beginning at 12:20 pm.

About the Program
Last summer, the U.S. Supreme Court found in favor of the taxpayer when it held that North Carolina’s income taxation of a trust based solely on the residence of a beneficiary within the state was unconstitutional under the Due Process clause. This presentation will discuss the constitutional arguments raised in North Carolina Dept. of Revenue v. Kimberley Rice Kaestner 1992 Family Trust, Fielding v. Commissioner of Revenue, and the bases and differences in state income taxation of trusts.

About the Speaker
Maryann serves as Vice President and Legal Counsel for a family office outside of Cleveland. She advises family members on estate planning matters as well as provides counsel to the family's private trust company and other entities. Prior to joining the family office she spent her entire legal career at Schneider Smeltz Spieth Bell in Cleveland where she was a member of the Trusts & Estates and Tax practice groups. Her past experience includes working with individuals and families to develop estate plans using a range of simple and sophisticated estate planning methods, counsel to individual and corporate executors and trustees in the administration of trusts and estates, and the review and preparation of estate tax returns, gift and generation-skipping tax returns, and income tax returns for fiduciaries of trusts and estates. Her favorite area of practice is finding opportunities and solutions in complex trust administration matters. Maryann is currently serving as Treasurer of the Cleveland Metropolitan Bar Association Estate Planning, Probate & Trust Law Section and is a member of the Ohio State Bar Association Estate Planning, Trust, and Probate Law Section Council.

Kimberly Stein, Esq. │ 2019-2020 Program Chair

Reservation Policy – All attendees are encouraged to register in advance and walk-in reservations will be accepted on a space-available basis only.  Meeting cost is $25 for members when paid in advance before noon 12/09/19, $40 for members at the door, $40 for guests and $200 for a table of six (please submit names to admin@epccleveland.org by 12/06/19).  If you reserve and are unable to attend, please call the office to cancel by noon 12/09/19 to avoid a no-show reservation billing.

Continuing Education – EPC Cleveland will request approval for this program from the CFP® Board of Standards for CFP® designation holders and from the Supreme Court of Ohio for Ohio attorneys to receive CLE credit. EPC Cleveland will also request credit from the Ohio Department of Insurance. A certificate of completion will be available for those CTFAs, CPAs, and CWS designees who feel the program satisfies their continuing education requirements.  

To Reserve, click "Register Now" below.

Thank you to our sponsor:

Parking Options-

Option 1:  Reduced parking fees are available on a space-available basis at Ampco Euclid Gateway Garage (740 Euclid Ave., entrances on Euclid & Prospect) to those who enter after 11:01 am and exit before 2:29 pm.  Guests should present ticket to the reception desk at The City Club for validation.  After validation and if within the timing restrictions, the parking fee is $3*.

Option 2: Through a special arrangement between The City Club and The Metropolitan at the 9 (2017 E. 9th Street, Cleveland, Ohio 44115), guests are able to take advantage of a $10* valet rate.  To take advantage, tell the valet you are attending an event at The City Club.  Once at The City Club, pick up a blue ticket from the reception desk.  Present this ticket to the valet upon claiming your car.  This option is available to those who park at or later than 11:01 and pick up their vehicle before 2:29 pm.

*Prices and timing restrictions subject to change without notice.

Other options: Additional, non-discounted downtown parking can be found in the Atrium Garage (645 W. Prospect), Ameritrust Garage (900 W. Prospect), and Gateway Prospect Parking (944/1002 W. Prospect). More parking information can also be found here.

See Upcoming Event Calendar