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Billionaires seem to be quite skilled at avoiding inheritance tax. They have avenues for passing on generational wealth besides what most people imagine as pass
by mitthrowaway2 3y ago
Billionaires seem to be quite skilled at avoiding inheritance tax. They have avenues for passing on generational wealth besides what most people imagine as passing it all directly via a will. For example, they can create a corporation that owns and manages their vast assets, and then transfer control of that corporation.