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VUE | Early Spring 2025

The Digest | New Jersey Magazine

Issue link: https://magazines.vuenj.com/i/1532913

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TAX LOOPHOLES: BECAUSE WHO DOESN'T LOVE A GOOD WORKAROUND? Now, let's talk taxes–everyone's favorite topic, right? (Insert eye roll here.) But wait! New Jersey's got some tricks up its sleeve that'll make even the most jaded billionaire crack a smile. Remember the estate tax? Neither does New Jersey! ey kicked that to the curb faster than a reality TV star's 15 minutes of fame. And for those thinking long- term (we're talking centuries here), Dynasty Trusts are the new black. It's like creating your own royal family, minus the awkward Christmas dinners and tabloid scandals. But here's the real kicker–some savvy homeowners are playing farmer to dodge those pesky property taxes. at's right, nothing says "luxury living" quite like a herd of goats trimming your mansion's lawn. Just don't be surprised if your neighbors start calling you "Old MacDonald." THE FUTURE IS NOW (AND IT'S FABULOUS) Luxury buyers these days want more than just a big house–they want a smart house. We're talking AI systems so advanced, they'll not only adjust your thermostat but also compliment your outfit and laugh at your jokes. It's like having your own personal Jarvis, minus the whole Iron Man thing. And let's not forget sustainability– because nothing says "I care about the environment" quite like a 10,000-square- foot eco-friendly mansion, right? VUE ON | FINANCE VUE ON | FINANCE 96 VUENJ.COM

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