Bridgewater, NJ (December 4, 2014) – James J. Costello, Jr., a Member of the Bridgewater-based law firm Norris McLaughlin, P.A., will be a featured speaker at “Tax Planning for Trusts and Estates,” sponsored by The National Business Institute. The seminar will take place at the Holiday Inn Princeton on Wednesday, December 10, from 9:00 am to 4:30 pm.
The course will offer practical tax planning strategies that will help minimize tax burdens and ensure IRS compliance. Attendees will receive straightforward instruction to help them through both routine tax return preparation and the final accounting. Costello’s topic will be income taxation of trusts and estates. For more information or to register, visit the NBI’s web site at www.nbi-sems.com
Costello focuses his practice on estate planning and administration; litigation and disputes among beneficiaries; general federal and state tax law and controversies; and the formation, dissolution, purchase and sale of all types of closely-held business entities.
He represents individuals in all aspects of general and sophisticated estate planning, including drafting wills, lifetime and testamentary trusts, powers of attorney, health care directives, prenuptial agreements and co-habitation agreements, employing sophisticated strategies when warranted, including family limited liability companies (“LLCs”), sales to intentionally defective grantor trusts, spousal lifetime access trusts (“SLATS”), dynasty trusts and charitable trusts. His representation of fiduciaries includes all aspects of estate and trust administration, including preparation and filing of federal and state estate and income tax returns; representation in IRS and New Jersey Division of Taxation audits; litigation and disputes among beneficiaries; preparation and filing of federal and state estate and inheritance tax returns and defending those returns on audit.
Costello has published articles and lectured extensively to civic and professional groups about a variety of estate planning and tax law topics. He is a former Trustee and current Advisory Board Council member of the Greater New Jersey Chapter of the Alzheimer’s Association, and is a Trustee and the Secretary of the Bernardsville Library Foundation, Inc. Costello earned his J.D. from Western New England College School of Law and his M.L.T. from Georgetown University Law Center.