Part III: Tax Issues That Impact Your Wealth: NJ Estate Planning & Dynasty Trusts

Welcome to the third part of the Tax Issues that Impact Your Wealth series.  Listen closely as tax expert and Counsel at Scarinci Hollenbeck, James F. McDonough Jr. L.L.M, discusses New Jersey estate planning and dynasty trusts.  One purpose of a Dynasty Trust is to avoid the rule against perpetuities that requires a trust to distribute its assets to individual beneficiaries within a period determined by statute. A Dynasty Trust can eliminate the impact of successive taxation at each generation and provide asset protection against future creditors. For more information visit Mr. McDonough's blog and video lecture at TaxTrustEstateNews.com.