Monday, August 21, 2023

Will Ivana help Donald Trump with tax breaks from beyond the grave?

Ivana-trump-3Former President Donald Trump’s first wife, Ivana Trump, died last summer and was buried near the first hole of Trump National Golf Club in Bedminster, New Jersey. Some have speculated that her grave location might also serve her ex-husband’s long-held tax planning purposes, as New Jersey Tax Code exempts cemetery land from all taxes, rates, and assessments.

The Trump family previously sought to designate a nearby property as a non-profit cemetery company; however, Ivana Trump is the first person known to have been buried at the golf course where the Trump family spends their time.

Brooke Harrington, a professor of sociology at Dartmouth College in New Hampshire, stated, “As a tax researcher, I was skeptical of rumors Trump buried his ex-wife in that sad little plot of dirt on his Bedminster, NJ golf course just for tax breaks. So I checked the NJ tax code & folks… it’s a trifecta of tax avoidance. Property, income & sales tax, all eliminated,” Harrington wrote, after opinions accusing Trump of being primarily motivated by the possibility of a tax break began popping up on social media.

For more information see Edward Helmore “Will Ivana help Donald Trump with tax breaks from beyond the grave?” The Guardian, July 31, 2022.

Special thanks to David S. Luber (Florida Probate Attorney) for bringing this article to my attention.

https://lawprofessors.typepad.com/trusts_estates_prof/2023/08/will-ivana-help-donald-trump-with-tax-breaks-from-beyond-the-grave.html

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