North Carolina Department of Revenue, Petitioner v. the Kimberley Rice Kaestner 1992 Family Trust

Summary

The Court affirmed the North Carolina Supreme Court, holding that a state may not tax trust income solely because the trust’s beneficiaries reside in the state when those beneficiaries have no right to receive income and lack control, possession, or enjoyment of the trust assets, as such a tax violates the Due Process Clause. The decision is limited to the specific facts and does not address other trust‑tax regimes.