Dear Garden State Trust: I’m intrigued by something I heard about recently, a “dynasty trust.” What is that, and how does it work? —Legacy Builder Dear Legacy: Traditionally trusts with private beneficiaries were not permitted to last forever, but had to have a determinable end date. This policy was enforced by the “rule against perpetuities,”…
Month: November 2019
Philip Roth’s Legacy
No fanfare, or announcements about the large bequests. Philip Roth worked with an estate planner to create an estate plan that would promote his wishes, and we are now learning about notable parts of it. For example, he left more than $2 million to the Newark Public Library. How much money did Philip Roth have…