4 ms·
This is more or less what billionaires do to pass their wealth to their children. Here's a recent article that goes into detail about one particular family's se
by dublinben 5y ago
This is more or less what billionaires do to pass their wealth to their children. Here's a recent article that goes into detail about one particular family's setup.
https://archive.md/yN7M7 https://archive.md/yN7M7
https://www.bloomberg.com/features/how-billionaires-pass-wealth-to-heirs-tax-free-2021/ https://www.bloomberg.com/features/how-billionaires-pass-wea...
- loeg 5y agoDAFs and GRATs are completely different vehicles. DAFs are beneficially owned by some 501(c)(3) and withdrawals can only go to arms-length, 3rd party 501(c)(3)s, with no reciprocity attached to the gift. DAFs are a convenient way to gift appreciated stock (which is already a nice tax gift to the charitable wealthy), but fundamentally not a vehicle for passing money to your heirs. Your article is about GRATs, which should be illegal.