When Ivana Trump, Donald Trump’s first wife, was buried last month near the first hole of Trump National Golf Club in Bedminster, New Jersey, few immediately guessed that her grave’s location might also serve her ex-husband’s long-held tax planning purposes.
Tax code in New Jersey exempts cemetery land from all taxes, rates, and assessments – and her grave, as such, potentially has advantageous tax implications for a Trump family trust that owns the golf business, in a state where property and land taxes are notoriously high.
